TCAM Announces Engagement with the WHEDA

Posted on June 25, 2014

BOSTON, MA – TCAM announced today that it has been engaged by the Wisconsin Housing and Economic Development Authority (WHEDA) to help WHEDA assess its current asset and portfolio management and risk management practices. TCAM’s services include 1) reviewing WHEDA’s asset and portfolio management practices and reporting; 2) comparing WHEDA’s activities to industry standards, and to the practices of other public funders; and 3) identifying changes in systems, processes and practices that could improve efficiency, risk management and asset performance.

This engagement is the most recent new assignment for TCAM from a state housing finance agency. TCAM is currently providing asset management and consulting services for other state agencies, local housing authorities, syndicators, banks, investors, insurance companies, corporations, for-profit and non-profit owners and foundations. TCAM has provided services to clients for over 800 properties comprising 120,000 apartment units in 46 states, Washington, D.C., and Puerto Rico, representing in excess of $5.5 billion of client capital. “WHEDA wants to take a fresh look at its operations and learn from others in the industry,” said TCAM CEO Jenny Netzer. “TCAM is pleased to bring its broad experience to help WHEDA in this effort.”

TCAM is owned by QuietStream Financial ( QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.

Topics: Affordable Housing Asset Management,  Multifamily Properties,  New Clients,  TCAM News