Multifamily Asset Managers
MAM is a joint venture between Du & Associates, Inc., and CohnReznick. MAM brings a team of professionals with very strong backgrounds and extensive experience in all aspects of HUD assisted housing. In particular, its key principals and staff have direct hands-on experience in performing the PBCA functions for HUD, using HUD guidelines and procedures. MAM has been and is currently performing PBCA functions for the states of Pennsylvania and Michigan.
MAM, operating as the Pennsylvania Multifamily Asset Mangers (PMAM), a private sector partner of Pennsylvania Housing Finance Agency (PHFA) in the Commonwealth of Pennsylvania specifically under the PBCA program, has been responsible for the implementation of all asset management core tasks under HUD’s PBCA ACC with PHFA. PMAM is currently responsible for the PBCA core tasks for 568 contracts, and 45,168 units. Since this contract began in December of 2000, PMAM and PHFA has not had findings in any of their HUD annual compliance reviews. PMAM has earned every possible incentive with no disincentives since the program began.
MAM, operating as Michigan Multifamily Asset Managers (MMAM), through its partnership with the Michigan State Housing Development Authority (MSHDA), was the first private sector partner in the country to work with HUD in designing the implementation of the PBCA program.
Du & Associates, Inc., is a minority woman owned professional consulting firm providing asset management, underwriting, legislative and other consulting services to the affordable housing industry. The firm brings extensive HUD asset management experience and has provided services to housing authorities and housing finance agencies across the nation.
CohnReznick is a national leader in accounting, tax, and business advisory services. Ranked among the top 10 public accounting firms in the United States, CohnReznick is headquartered in New York City and maintains over 24 offices nationwide.
MAM is located just outside of Washington, DC in Bethesda, Maryland. Its' affiliate offices are located in Lansing, Michigan and Pittsburgh, Pennsylvania.
Its staff, along with its joint ventures, PMAM and MMAM, consists of 45 capable and qualified staff including former HUD multifamily managers and attorneys, certified public accountants, and other experienced asset management staff.
MAM maintains a database of consultants with other expertise who are on call to assist MAM in carrying out its services.