Enterprise’s Asset Management team oversees a portfolio of 96,000 homes financed by Low-Income Housing Tax Credit (LIHTC) investments – from project construction, lease-up and completion throughout the 15-year LIHTC compliance period – as well as 9,000 apartments financed through Enterprise’s debt products.

Our more than 80 Asset Management professionals provide a range of services that preserve value for investors and quality of life for residents, including:

• Close oversight of construction and lease-up, including review of inspection reports, construction draws and verification of tenant income
• Regular analysis of financial performance and site visits, including inspection of physical condition
• On-going monitoring of operations and project information and timely reporting to investors
• Early recognition of potential problems, active response to address issues and workouts capacity to intervene intensively with more complex or difficult situations
• Work with partners who want to transfer property ownership at the end of the 15-year LIHTC compliance period

Lessons learned through asset management offer experience that can help developers improve the housing they build. On an annual basis, asset managers issue an analysis of trends in the performance of the portfolio.

Enterprise works with a variety of local, state and federal income-targeted housing finance programs, including: HOME, Federal Home Loan Bank’s Affordable Housing Program, Section 8, McKinney funds, Housing Opportunities for People with AIDS (HOPWA) and various supportive housing programs.

Enterprise’s asset management database tracks project performance, supports underwriters in analyzing potential credit investment, and provides information on equity funds and projects to investors.

The Enterprise database is fully integrated among asset management, syndication and investment management, allowing easy access to information.

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.

© 2010 Enterprise Community Investment, Inc. All rights reserved.
Enterprise Community Investment is a for-profit subsidiary of Enterprise Community Partners, Inc.
American City Building | 10227 Wincopin Circle | Columbia, Maryland 21044 | phone: 800.624.4298
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