Early Warning Systems for Affordable Housing Properties: Identifying and Communicating Property Risk

2012
|   By
Benjamin Nichols ,
Enterprise Community Partners, Inc.
My Trinh
Report Cover
Summary
This report includes sample tools (e.g., criteria, guidelines and dashboard indicators) to help boards and senior management assess risks at various stages in a project’s life.
Description

At the heart of our initial report was the need for housing development organizations to become more risk-aware, and for funders to become more open to providing early assistance to avert crisis. As a followup, Early Warning Systems for Affordable Housing Properties provides guidelines for developing an early-warning system. These suggestions are not designed to discourage organizations from risk-taking, but to help a developer’s board of directors and senior management recognize and manage the risks of development and long-term property ownership.

This report includes sample tools (e.g., criteria, guidelines and dashboard indicators) to help boards and senior management assess risks at various stages in a project’s life. These tools are meant to aid in deciding whether a project should move forward, when it should be deferred and when to approach lenders and other stakeholders for assistance. Creating an early-warning system is a highly effective way to monitor the most vital information for decision-making and manage your risk.

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