The Asset Management Department is responsible for monitoring compliance with reporting requirements, regulatory compliance, payment obligations, and ensuring the payment of loans.
Throughout the compliance period and extended use period, desk monitoring of the project’s performance will include a review of the following:
Initial Underwriting Assumptions
Annual Audited Financial Statements and Supplemental Information
Monitors mortgagor compliance with all applicable corporation legal documents, regulations and program requirements and policies as approved by the Board of Directors and LHC procedures.
Owners/developers are required to comply with annual reporting requirements as outlined in your governing documents.
