Asset_Management_PowerPoint

Asset_Management_PowerPoint - Introduction To Asset...

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1 Introduction To Asset Management Community Development Law Center 700 SW Taylor, Suite 310 Portland, OR 97205 and Housing Development Center 2627 NE Martin Luther King Jr. Blvd. Portland, Or 97212
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2 Presenter Information Community Development Law Center 700 SW Taylor, Suite 310 Portland, OR 97205 Charlie Harris 503.471-1182 charlie.harris@lasoregon.org Leon Laptook 503.471.1180 leon.laptook@lasorego.org Housing Development Center 2627 NE Martin Luther King. Jr. Blvd. Portland, OR 97212 503.335.3668 Robin Boice robin@hdc1.org Eli Spevak eli@hdc1.org
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3 Acknowledgments Thank you to Neighborhood Partnership Fund for sponsoring this training and PDC for providing this space. Thank you to HUD for the funding to make this training possible. The work that provided the basis for this publication was supported by funding under an award with the US Department of Housing and Urban Development. The substance and findings of the work are dedicated to the public. The author and publisher are solely responsible for the accuracy of the statements and interpretations contained in this publication. Such interpretations do not necessarily reflect the views of the Government. Thank you for taking time out of your busy work lives to attend!
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4 I. What is Asset Management Definition: A systematic plan for, and ongoing oversight of, the management of one or more housing project(s) in furtherance of the project’s goals and the organization’s mission.
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5 Asset Management is generally not what we thought of when we formed our CDCs. We focused on developing affordable housing . For many, Asset Management is a new line of business and requires thinking about how it fits with our organization's mission and goals.
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6 Why is Asset Management Important Difficult to house populations Limited funds Limited ability to raise additional funds Public agencies requiring maximum accountability
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7 Asset Management Specifically Involves Making sure project: meets owner’s social goals remains financially viable maintains physical quality stays in compliance with legal requirements
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8 Analysis of Project in Relation to Overall Portfolio Housing Needs of Target Population versus other Projects Need for Cash Flow Tenant Services Bookkeeping and Record-keeping Requirements
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9 Skills Needed Tact Poise Diplomacy Savoir-Faire Judgment
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10 II. Asset Management Roles and Goals People - keep owner, manager,tenants, funders and community happy Money - Keep money flowing while keeping rents affordable Income Expenses Cash Flow Property - Keep project in good repair over life of the project
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11 Goals of Asset Management (cont’d) Owner: wants mission fulfilled affordable housing for target population while fostering organization’s financial health and community reputation Note: Non-profit organization does not mean no profit. Take out “profit” and you have “non-organization”
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Asset_Management_PowerPoint - Introduction To Asset...

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