Physical Asset Management is defined in the housing industry as the systematic process of effectively monitoring the physical, financial, and regulatory operation of affordable housing by using sound business practice and economic rationale to measure performance. MHDC defines Physical Asset Management as "Bringing it All Together".
Owners and managers must correspond with the MHDC Asset Management Department located in St. Louis, Missouri once the development has passed through underwriting and reached a construction completion level of approximately 40%. The Asset Management Department will then provide assistance in the following areas throughout the regulatory [compliance] period.
The funding programs regulated by the Asset Management Department include
the following:
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