HDSI Management: Property Management and Development

HDSI Management, Inc. (HDSI) was established in 1986. The focus of the firm is on managing and preserving affordable housing units for low- and moderate-income families and seniors. HDSI concentrates on the condition of the building, the residents' needs and the owner's goals. This combination of attention results in an HDSI-managed complex that is an attractive place to live, as well as a financially sound investment.

Managers' Meeting
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Properties typical of HDSI Management's portfolio are buildings located in urban areas and monitored by many levels of government administrators. The majority of properties have been built through assistance from Federal, State and local goverments, and some have had their equity provided by tax credit investors. The combination of development sources generally makes the apartments affordable to low- and moderate-income households. Typical of the government funding vehicles are programs operated by the Department of Housing and Urban Development (HUD), the Internal Revenue Service, local community development agencies, housing authorities and the State of California.

HDSI Management can turn around declining properties both physically and financially, as evidenced by before and after photos.

To improve the quality of each resident's life, a Supportive Service Coordinator links residents to supportive, medical and social services provided by public and nonprofit agencies within the jurisdiction of the proposed housing facility.

Programs for resident and building protection are tailored to individual sites. They include local Police Department visits; installation of physical security devices, such as cameras, alarms, video systems and glass-breaking detectors; along with participation in Neighborhood Watch programs.

Detailed project budgets and reports keep owners up-to-date and informed about the financial condition of their properties. Where appropriate, a narrative is included to clarify line items, and staff is available to answer any questions.

Owners can be assisted with project financing needs. HDSI works with its affiliated entity, Housing Development Services, Inc., a consulting and housing development firm that has been in business for more than 20 years and has helped develop more than 1,700 units in 40 projects.