Pennsylvania Multifamily Asset Managers (PMAM) and Michigan Multifamily Asset Managers (MMAM), doing business as Multifamily Asset Managers (MAM), are wholly owned subsidiaries of Du & Associates, Inc., a minority woman-owned professional consulting firm founded in 1996. D&A provides asset management, contract administration, underwriting, financial, RAD advisory services, property management consulting, compliance, and other consulting services for the affordable housing industry, including multifamily, public housing, and assisted housing. Its principal, Lucie Du, has worked in the industry since 1987, building experience in a broad range of HUD programs, including Section 8, Section 202, various FHA Insurance programs and Public Housing.

 

MAM brings professionals with 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.

 

Pennsylvania Multifamily Asset Mangers (PMAM), a private sector partner of Pennsylvania Housing Finance Agency (PHFA) in the state 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 626 contracts, and 50,416 units.  Since this contract began in December 2000, PMAM and PHFA have not had any findings in any of their HUD annual compliance reviews.  PMAM has earned every possible incentive with no disincentives since the program began.

 

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. MMAM is currently responsible for the PBCA core tasks for 420 contracts, and 36,056 units.  Since this contract began in June 2000, MMAM and MSHDA have not had any findings in any of their HUD annual compliance reviews.  MMAM has earned every possible incentive with no disincentives since the program began.

 

Effective May 1, 2020, Du & Associates began performing the PBCA functions for the Hawaii Public Housing Authority (HPHA). The HPHA PBCA portfolio consists of 2,996 units  This partnership will also extend beyond PBCA administration to encompass various Public Housing, Low Income Housing Tax Credit (LIHTC) and Rental Assistance Demonstration (RAD) services.