The Office of Asset Management (OAM) oversees the financial and physical integrity of MSHDA's $1.5 billion multifamily rental bond financed portfolio, which is comprised of 500 multifamily developments accounting for 52,000 household units.
OAM is also responsible for the compliance oversight of more than 390 statewide Section 8 contracts accounting for another 29,000 households, under the Department of Housing and Urban Development's Performance Based Contract Administration Program (PBCA).
In addition, OAM has a Transactions Section that works to protect MSHDA financed assets by reviewing and processing mortgage payoff requests, transfers of ownership, and by utilizing mortgage preservation techniques such as modifications, workouts, or as a last resort mortgage foreclosures.
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