BOSTON, MA – Today, TCAM announced new engagements with organizations that develop, own and operate affordable housing in 15 states and the District of Columbia. These new clients have engaged TCAM to provide the following services:
•On-going asset management and tracking compliance with lender and regulatory requirements;
•Assistance with refining and implementing strategies for assets approaching Year 15 of the initial tax credit compliance period;
•Evaluation of the organization’s asset management processes; and
•Due diligence and underwriting for a portfolio acquisition.
The new engagements expand the scope of services TCAM provides to a growing list of owners of affordable housing. “Our services continue to evolve to meet the needs of our clients,” said TCAM CEO Jenny Netzer. “Affordable housing development organizations are growing and dealing with an increasingly complex environment. TCAM is pleased to help them continue to grow and succeed.”
TCAM provides services to capital providers in the affordable housing industry including owners, investors, guarantors and state and local housing agencies for 914 properties comprising 118,000 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital. TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.