Asset Management

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.

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*UPDATES*

The 2017 Audited Financial Statements for HOME Funded Properties are NOW DUE to the DCA

Audited Financial Statements are required to be submitted annually to the DCA for all multifamily rental properties with DCA loan and grant funding resources by April 30th every year. 

NOTE:   All outstanding Audited Financial Statements for 2017 are considered late at this time

SUBMISSION INSTRUCTIONS

Send all financial statements to DCAFinancialReporting@dca.ga.gov

1. Use the following format in the SUBJECT line:
   1. Type the Project Number
   2. Followed by the Abbreviated Project Name
   3. Followed by “2017 Audit” (do not use any commas or spaces)

      EXAMPLE:  XX-XXXProjNm2017Audit