|TCAM announced today that the Housing Authority of the City and County of San Francisco (“SFHA”) has expanded its engagement with TCAM to include on-going asset management “back-office” support. TCAM is now helping SFHA collect and analyze financial information for its converted Rental Assistance Demonstration Program (RAD) sites, HOPE VI sites and HOPE SF properties.
This new engagement is the most recent assignment for TCAM from a public housing authority that is participating in the Rental Assistance Demonstration (RAD) program, a new way of meeting the large and growing capital improvement needs of the nation’s aging public housing stock and preserving projects funded under HUD’s “legacy” programs (Rental Supplement, Rental Assistance Payment, and Moderate Rehabilitation). TCAM is currently providing asset management and advisory services for several state and local housing agencies as well as owners, investors, banks, insurance companies and corporations.
“SFHA plays a critical role in addressing the housing needs of the City and County of San Francisco,” said Allen Feliz, TCAM Managing Director. “TCAM is excited to bring its experience and expertise in RAD and asset management to helping the Authority oversee the performance of its RAD portfolio.” TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services for 1,677 properties comprising 176,837 apartment units in 48 states, Washington, D.C., and Puerto Rico, representing in excess of $5 billion of client capital.
TCAM is headquartered in Boston, MA and is owned by its employees and QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial serves commercial real estate owners and related professionals with a portfolio of innovative businesses.