Successful Organizational Practices: Strong Partners

2014
|   By
Benjamin Nichols ,
Enterprise Community Investment, Inc.
Report Cover
Summary
This paper examines what strong organizations should look like in order to support and expand the affordable housing sector.
Description

In the United States, we are facing a housing insecurity crisis. An essential core component of increasing the capacity of the affordable housing delivery system is having strong, capable, mission-driven affordable housing developers and owners. Some of the key priorities and practices reported by these strong nonprofit developers are to:

  • adopt rigorous fiscal discipline
  • manage assets carefully for long-term health
  • project organizational cash flow for at least three, if not five, years
  • approach growth with caution, managing growth carefully by identifying risks and weaknesses early, allowing them to evolve to meet challenges
  • value and support communication and staff development, and invest in infrastructure and systems
  • focus on strong financial and real estate capacity on the board
  • make investments that generate a return and adhere to a strategy for paying back the program-related investments and equity equivalents
  • use data as part of management strategy, down to the business line level, using measurement and data to drive performance
  • maintain stability in senior management.

Produced through the generous support of JP Morgan Chase.

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