MHDC requires monthly occupancy reporting to help MHDC staff better understand development and market areas that are having occupancy difficulty. All properties involved in the MHDC Fund Balance, Low Income Housing Tax Credit, and HOME programs with 13 or more units must submit monthly occupancy statistics through MHDC’s Asset Management Reporting System (AMRS) by the 10th of each month.
Properties are required to report the number of vacant units for each bedroom size and provide the number of people listed on the property’s waiting list. In addition, properties must report during their monthly occupancy submission if they received any Violence Against Women Act (VAWA) requests and vacancy information on their special needs portfolio, if applicable.
If the reported occupancy is below 85%, the property will be required to answer additional questions to better explain the reasons for the underperforming occupancy. Note: A property must be reported on the commission watch list if occupancy is below 85% for three consecutive months.