Asset Management

Overview

The Asset Management Department and the Desk Monitoring Team are 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
• Regulatory Annual Reporting/Submission Requirements
• Payment Obligations
• 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.