Multifamily Asset Managers
Pennsylvania Housing Finance Agency
PERFORMANCE BASED CONTRACT ADMINISTRATION
MAM, through its affiliate, Pennsylvania Multifamily Asset Manager (PMAM), a subcontractor to the Pennsylvania Housing Finance Agency (PHFA), providing PBCA services to HUD for Pennsylvania projects that receive Section 8 project-based assistance. PMAM has been responsible for performing most of the PBCA core tasks for over 575 properties consisting of approximately 46,000 units since the program’s inception in 2000. PMAM performs the asset management functions of the Annual Contributions Contract (ACC) with HUD. PMAM has conducted Management and Occupancy Reviews, physical inspection follow-up, and interfaced with project owners, agents, on-site staff, and residents. PMAM processes rent adjustments and contract renewals, and responds to resident complaints and inquiries.
• We have earned all incentives for PHFA, and incurred no disincentive in 12 years of performance.
• We have ensured 11 successful HUD annual compliance reviews and 3 finding-free HUD OIG audits.
• We have met all performance-based standards and adhered to quality levels within the mandated time frames.