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In addition to monitoring for compliance with the requirements of IRC Section 42, HOME regulations and other state and federally mandated restrictions, DCA tracks the overall fiscal and physical condition of the affordable multifamily housing in our portfolio. Our Asset Management team reviews and recommends action in regard to Requests for Project Concept Changes, Preliminary Eligibility and Final approval for Qualified Contracts, and reviews and assesses property financial audits. We also process requests for disbursements from various reserve accounts related to properties in our portfolio, and work closely with our loan servicing team.
IMPORTANT COVID-19 RESPONSE INTERIM POLICY
Please read the newly issued COVID-19 Deferment Policy Notice for DCA Multifamily HOME Loans
Please note, the notice contains a link to the on-line COVID-19 HOME Loan Deferment Request Form