Multifamily Asset Managers
Performance Based Contract Administration
MAM, through its affiliates, Pennsylvania Multifamily Asset Managers (PMAM) and Michigan Multifamily Asset Managers (MMAM) has successfully performed the major Incentive-Based Performance Standards, for the Section 8 Performance Based Contract Administration of over 80,000 units and over 900 Section 8 contracts in Michigan and Pennsylvania for over a decade.
This performance includes conducting over 8,000 Management and Occupancy Reviews, over 6,500 Rental Adjustments, over 39 Owner Opt-outs and Contract Terminations, over 6,000 responses to Tenant's Life-threatening and Non-life threatening concerns, over 2,500 expiring contract renewals, and over 2,700 follow-ups of physical inspection results. All of this was performed 100% on deadline and met all quality standards set by HUD. Both MMAM and PMAM had no HUD or OIG audit findings, have earned every incentive and incurred no disincentives.
MAM, through its affiliate, also provides oversight services of the Rent Comparability Studies (RCS) for Michigan State Housing Development Authority (MSHDA).
As Michigan Multifamily Asset Managers, MAM has performed PBCA tasks since June 2000.
As Pennsylvania Multifamily Asset Managers, MAM has performed PBCA tasks since December 2000.
In twelve years of performing PBCA tasks, MAM has undergone 22 successful HUD Annual Compliance Reviews and four "no deficiency audits" by the Inspector General's Office. MAM has helped its contractors earn 100% of all base fees and incentive fees with no disincentives.