Property Managers Overview

Our Asset Management & Compliance Department is dedicated to the long-term success of the properties in CAHEC's tax credit portfolio.

The Asset Management & Compliance Department has responsibility for monitoring the financial performance, occupancy, physical condition, and compliance with provisions of Section 42 of the Internal Revenue Code of all projects in CAHEC's portfolio. Asset management begins immediately after a project is acquired and continues throughout construction, lease-up, and operations. Consequently, asset managers begin analyzing the financial projections, market feasibility, and compliance status of projects during the underwriting process before they are submitted to the Investment Committee for approval. Once construction begins, CAHEC's construction manager closely monitors each development's progress.

The department is organized so that each property is team managed by one asset manager and one compliance manager. This approach enables staff to monitor the investment for compliance with the tax code, fair housing regulations, and lender requirements as well as to insure financial stability. All staff members receive training from recognized industry experts and become nationally certified compliance specialists during their first year of employment.

In turn, the department provides training for all property managers and developers of projects being admitted to CAHEC-sponsored equity funds. A detailed manual, highlighting applicable reporting requirements, is supplied to all property managers, and the department also provides marketing and management advice as needed. Additionally, CAHEC hosts an annual Property Managers Workshop, and in 2002, the company began recognizing participants who successfully complete the training and pass an exam with the A.C.E. (Annual Compliance Expert) certification.