Seven affordable housing providers from across Oregon will participate in Building Asset Management Solutions (BAMS), a new holistic training program that builds organizational capacity to manage affordable housing portfolios for long-term financial and physical health. The 15-month program is offered by Housing Development Center and funded by Meyer Memorial Trust.
The seven-group cohort was selected through a competitive process that prioritized applicants serving rural residents and communities of color. It includes Bienestar, Catholic Charities, Community Partners for Affordable Housing, Farmworker Housing Development Corporation, Human Solutions, NAYA Family Center, and Horizon Project Inc.
“We are excited to be working with organizations that serve a wide diversity of Oregon communities, including farmworkers, Native residents and rural residents,” says Housing Development Center Director of Asset Management & Initiatives Emily Schelling. “My staff and I are looking forward to learning about each organization, and to working with their teams to develop individualized asset-management plans.”
The seven groups will participate in BAMS free of charge. HDC will fund participation of Horizon Project Inc., a first-time Housing Development Center client that operates a small portfolio of group homes for individuals with disabilities in rural eastern Oregon. Meyer Memorial Trust will fund participation for the other six groups.
“We intended to invite six groups to participate, but strong demand from qualified organizations led us to add a seventh,” says Schelling.
BAMS responds to a widely expressed need for ongoing training and technical support in affordable-housing asset management, an area of practice affected by high levels of staff turnover. The program gives staff at all organizational levels opportunities to engage in strategic goal-setting.