All subsidized housing projects should have an ongoing assessment process and plan to preserve the physical condition of the property, keep the property fully occupied, track financial performance and compliance with funding requirements. Common Ground understands the responsibility that owners of take on when they develop and operate their publically subsidized housing project. Our asset management services are focused on stabilizing occupancy, improving management opportunities, creating positive cash flow, financing long-term capital needs, preserving affordability, realizing potential deferred developer fees, identifying the true costs of operations and understanding operating subsidy strategies. Funders support our work in asset management in order to protect their investments, achieve loan repayment, and assure that owners comply with funding commitments.
WHAT WE DO:
- Portfolio Assessments
- Capital needs assessments
- Long-term planning for capital improvements
- Refinancing or restructuring existing publically funded projects
- Project Life Cycle and Reserves analyses
- Financial management assessments and consultation
- Compliance reviews
- Marketing strategies to stabilize occupancy
- Facilitating new partnerships to improve operations and/or service delivery.
- Green-sustainable audits and advice for capital investments & operating policies
- Contracted ongoing asset management services
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