Asset Management

The Asset Management Department is responsible for the compliance on all of MHDC’s affordable housing properties. The primary objective of MHDC’s Asset Management Department is to preserve and protect the Commission’s affordable housing portfolio. Asset Management achieves these objectives by conducting physical inspections, analyzing property financial performance, following up on resident concerns, and monitoring required regulatory compliance. The property Owner/Agent (O/A) is responsible for administering the required compliance for all applicable programs, such as LIHTC, HOME, Rural Development, Section 8, etc. Properties layered with multiple sources of financing are subject to the most restrictive rules of all the funding programs they participate in. The O/A is responsible for maintaining comprehensive knowledge of current program requirements and updates.

In addition, Asset Management oversees the HUD Performance Based Contract Administration (PBCA) Program.

Asset Management staff can be contacted by emailing asset.mgmt@mhdc.com or calling 314-877-1350.

All resident questions should be directed to the Resident Relations Hotline at 866-605-7467.

MHDC Asset Management Department address is:

505 N. 7th Street, Suite 2000
St. Louis, MO 63101