The Portfolio and Asset Management Division (PAMD) works in partnership with the affordable housing community to improve the performance of the DHCD portfolio by providing oversight of over 8,000 loans to affordable rental and homeownership properties. Funding for these loans includes the following programs: Housing Production Trust Fund (HPTF), Community Development Block Grant (CDBG) and HOME Investment Partnership Program; PAMD is also responsible for oversight of the District’s Low Income Housing Tax Credit (LIHTC) Program. PAMD includes the following functions:

Financial Monitoring and Analysis

• Annual Audit Review
• Loan Servicing Requests, including: modifications, subordinations, forgiveness, loan balance confirmations, and payoff requests
  • Loan Servicing Transition on DHCD Loans
• Short Sales
• Ownership Changes
• Annual Risk Ratings and Watchlist Management

Physical Inspections Monitoring

• On-site facility inspections ensuring Uniform Physical Condition Standard compliance
• Maintenance Plan Review

Compliance Monitoring

• COVID-19 Guidance for LIHTC Properties
• COVID-19 Guidance for HOME Properties
• Ownership/Management Agent Change Form
• Lease Addendum - HOME
• Lease Addendum - LIHTC
• Routine Tenant Eligibility File Reviews
• Utility Allowance Reviews
• Annual Owner Certifications of Continuing Program Compliance (AOCs)