Since 2011, Asset Management has overseen the Compliance department, which has day to day oversight of CHP’s regulatory requirements, such as income and revenue restrictions, on the property level. The Compliance team is tasked with ensuring that a project is operating in accordance with all funders’ regulatory requirements and all applicable local, state, and federal requirements.
Asset Management also manages the Procurement department, which is responsible for defining, implementing, and executing CHP’s procurement program and supporting policies, procedures, and practices in accordance with relevant regulations and corporate objectives and strategies. This allows us to create and follow standards for the purchase of systems and products across our portfolio that are energy efficient, healthy, and durable.
CHP Asset Management is responsible for evaluating and safeguarding the long-term viability of properties owned and operated by CHP and its affiliates. We preserve the tax benefits and protects the quality of CHP’s rental communities over the life of the investment. We also oversee the acquisition of affordable rental communities to preserve their long-term affordability and expand CHP’s rental portfolio.