Enterprise's Asset Management group oversees the company's portfolio of more than 94,000 units of low income housing tax credit project investments in more than 1,570 projects nationwide, to ensure project compliance and delivery of credits to investors. Through the 15-year life cycle of the tax credits, asset managers
- Provide expertise and oversight from construction monitoring through lease-up, to overseeing operations
- Proactively solve problems at an early stage before larger issues arise
- Work with partners to transfer project ownership to the sponsor at the end of the 15-year compliance period, or otherwise to ensure continued viability and affordability of the project
Technical Assistance
For developers unfamiliar with LIHTC requirements, Enterprise offers technical assistance to help them understand the management and reporting responsibilities required.
- Train property managers to verify tenants' income, file timely quarterly and annual financial reports, and fulfill other reporting requirements
- Advise developers in choosing a property management firm and/or accountant
Consulting
Enterprise provides the same high-quality asset management services for other investors' projects, some of which include Fannie Mae, Bank of America, and JPMorgan Chase & Co. Please contact us to inquire about how we can assist your organization with its asset management needs.
Year 15
Since 2002, Enterprise has worked with investors and sponsors on disposition strategies for LIHTC projects. Enterprise also provides training, refinancing, resyndication, and consulting services to investors and developers with LIHTC properties reaching Year 15. |
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