The Arizona Department of Housing Asset Management Division manages a growing portfolio of nearly 1,000 rental properties throughout Arizona. For each of these properties ADOH either holds a promissory note on a loan secured by a lien against the property, has invested tax credits or otherwise has a vested interest in making sure that such properties remain financially viable, solvent and in compliance with State and Federal funding requirements. In order to assure fiscal responsibility with respect to significant State and Federal investments in private properties, ADOH’s Asset Management Division works with property owners to review loan deferral requests, process ownership changes, process qualified contract requests, coordinate work-outs and identify methods to minimize the emergence of troubled properties by routinely reviewing financial data and reports available from properties to pre-identify and pro-actively address potential problems.
Leading with Solutions
