Asset Management

Project Performance Standards

The Affordable Housing Investors Council (AHIC) has published criteria in an effort to establish generally-accepted performance standards for the low-income housing tax credit (LIHTC) industry. AHIC has established standards for the debt coverage ratio (DCR), vacancy levels, delinquency rates, and over 20 additional categories for operational properties.

Things don't always go according to plan. It is not uncommon for a LIHTC project to experience difficulty at some point during its 15-year compliance period. Latent construction defects, management issues, or shifts in the market are common issues that can result in poor financial performance at a project.

If a project is struggling to meet AHIC performance standards, OCCH is able to deploy our Troubled Asset Response Team (TART) to identify the source of a problem and propose solutions. This team is able to provide owners and managers with a wide range of assistance including financial analysis, marketing assessments, operational reviews, and compliance training to name just a few focus areas.

At OCCH, we are determined to help our partners achieve strong results with project performance while minimizing investor risks. Our Troubled Asset Response Team helps us achieve this goal.