Property Management Agreement Sample Page 19
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29Exhibit B
MANAGEMENT PLAN
FOR
Property Name
OVERVIEW
Property Name is a number of units Housing Choice Voucher (HCV) Project Based
development. As a HCV Project Based housing development, the project is governed by Section
24 CFR Parts 982, 983 and CMHA Housing Choice Voucher Administrative Plan as referenced
herein as “HCV Project Based Guidelines”.
I.
THE
ROLES
AND
RESPONSIBILITIES
OF
THE
OWNER
AND
THE
MANAGEMENT AGENT
The Owner of the project assumes complete responsibility for the Development and will
communicate regularly with the Manager on Development related issues and concerns.
a. Owner's Responsibility
The primary responsibility of the Owner is to assure that the Development is operated in
a fashion consistent with good professional management practices and in a manner
conducive to the preservation and enhancement of a desirable environment and in
conformance with the Management Agreement. The key contact person in the Owner's
organization for the Manager is CMHA’s Vice President of Housing Programs. The VP
will be responsible for deciding about non-emergency improvements to the property that
cost in excess of $2,000 and other matters not delegated to the management agent.
The Owner has an obligation to:
1.
Provide decent, safe and sanitary housing.
2.
Provide housing to meet the needs of the population to be serviced.
3.
Appoint liaison(s) to Manager with authority to act on behalf of Owner.
4.
Prepare reports, directives and policy guidance as needed, review and approve
budgets and audit financial statements.
5.
Accept financial responsibility for the Development.
6.
Provide technical assistance on data systems and Project Based Voucher and
LIHTC reporting requirements.
7.
Review and approve calculated rents for the PBV Units under the terms of the
HCV Administrative Plan on a timely basis.
In the discharge of its responsibilities, the Owner has entered the Management
Agreement with the Manager for the day-to-day operation of the Development. The
Manager will have full charge and authority to oversee leasing and occupancy matters,
Sample Property Management Agreement RAD Conversion Sites
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