Return to Experience & Credentials

Affordable Housing Experience

 MB Management Company has had extensive experience in managing residential property which is financed through such public agencies as the Department of Housing and Urban Development (HUD), MassHousing, Massachusetts Executive Office of Communities and Development (EOCD), New York Division of Housing and Community Renewal (NYDHCR), municipal housing authorities, and the Federal Rural Housing Service.  As a result, we are closely familiar with all of these agencies’ financial and property management requirements, including reporting, fees, auditing, record maintenance, replacement reserve and special escrow procedures, bid/contract approvals, and cost allocation authorization.

 The following is a partial listing of residential properties currently under management classified by public finance agency.

• HUD:  11 developments totaling  1,111 apartments

• MassHousing: 7 developments totaling 704 units

• Mass. Exec. Office of Communities and Development: 1 development of 107 units

• Other State Housing Finance Agencies:  3 developments totaling 784 units

• Municipal Housing Authority (Syracuse): 1 development of 176 units

• Rural Housing Service:  4 developments totaling 159 apartments