PAMWG stands for the Property and Asset Manager Working Group. Asset managers gather from around the state of Oregon every 2nd Wednesday via Zoom. This March, facilitator Liz Winchester, from the Housing Development Center (HDC), brought participants a training titled Utilizing the Asset Management Plan. This continuing education workshop utilized a wonderful software program called Mentimeter that allows for an interactive presentation that is approachable for folks new to the affordable housing industry while at the same time shares critical best practices for the more seasoned professionals.
One exciting thing, HDC is also exploring a group Asset Management software contract so multiple organizations can buy-in together for cost savings and technical assistance. Please contact Liz at Liz@hdc-nw.org if you’re interested in finding out more.
Resources about 2022 and 2023 projections for affordable rent limits:
- Novogradic article on what to expect for 2022 rents (Thanks Michelle for forwarding!): https://www.novoco.com/notes-from-novogradac/what-you-need-know-about-huds-fy-2022-income-limits. According to Novogradic, rents for the year-2022 will probably increase compared to the year 2021. However, we may see rent flatlining or decreasing starting in 2023. If you are interested in finding out why that is, check out the video in the next link!
- Here is a Housing Washington Video featuring Thomas Stagg from Novogradac who discusses how rent limits are set, why year-2022 rents could be high, and why we also might see decreases in FY-2023. (Scroll to 41:00 minutes in for the start of his presentation, and 50:00 minutes in for when Stagg starts talking about years 2022 and 2023 rent limits): https://www.youtube.com/watch?v=qXjI4eGnk_Y. Rents for FY-2022 are based on the 2019 American Community Survey income information. Rents FY-2023 are based on the 2020 ACS data. The impact of people losing their jobs at the start of COVID are expected to be reflected in rents FY-2023.