What factors make a property more, or less, expensive to maintain?
What do you need to know to assess your portfolio’s capital needs?
How can operating revenues, replacement reserves and other funds be used to make repairs and capital improvements?
How can an organization integrate capital planning best practices into its organizational structure?
Six Oregon affordable housing owners are better prepared to answer these questions as they near completion of Housing Development Center’s Capital Asset Management Planning Program (CAMPP). The a nine-month curriculum helps nonprofit organizations and housing authorities plan for the future of their portfolios in a limited resource environment.
“These groups have made great progress tackling thorny problems,” says HDC Director of Asset Management Gail Monahan. “It’s like maintaining your car: given a limited budget, which do you repair first, the brakes or the engine, and how do you pay for it?
“The difference is that each of these groups is planning for the needs of hundreds of units of housing over a 20-year horizon.”
The six groups, the first to participate in CAMPP, are Willamette Neighborhood Housing Services (Corvallis), ROSE Community Development (Portland), Housing and Community Services Agency (HACSA) of Lane County (Eugene/Springfield), Cascade Housing Association (Springfield) and Catholic Charities (Portland). All are graduates of HDC’s 18-month Asset Management and Portfolio Planning (AMPP) curriculum, which completed its third cycle last April.
HDC looks forward to starting the second cycle of CAMPP later this winter. Confirmed participants for CAMPP II include Mainstream Housing, Inc. (Springfield), Columbia Cascade Housing Corporation (the Dalles) and ACCESS (Medford).
For more information about CAMPP, contact Gail Monahan at email@example.com.