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Culture
FPI Management, Inc. is uniquely positioned in the
delivery of property management services for affordable housing owners and the
resident population. FPI Management manages a 60,000 unit portfolio, consisting
of 20,000 affordable and 40,000 market rate units. The dynamics of each of the
management cultures is distinctive and unique. Market rate communities are
driven by successful customer service. Historically, residents of affordable
communities have not enjoyed the benefits of a customer service driven
management culture. FPI Management integrates its customer service culture in
all properties; affordable and market rate.
Low Income Housing Tax Credit/HUD Insured/Section 8/USDA
FPI began operations in 1968 developing properties under HUD insured
programs, including Section 8, Section 236, as well as FMHA/USDA.
FPI Management currently provides management and compliance services
for over 20,000 units financed through the LIHTC Section 42 program. FPI
Management has been providing comprehensive property management service for
LIHTC communities since 1990. FPI has built this portfolio through successful
lease-ups and management of new construction and acquisition/rehab projects.
Strategic partnerships have been maintained with individual Developers,
General Partners, Co-Managing General Partners and Limited Partners such as AIG
Sun America, MMA Financial, Capmark, Alliant and Homestead Capital.
The majority of the affordable portfolio includes the oversight of non-profit
co-managing general partners. FPI Management works closely with these partners
to assure compliance with all programs as well as daily involvement with the
applicable social service providers.
Resident services programs are coordinated between FPI Management staff and
contracted service providers. Properties include senior and family developments
in rural and urban locations in California, Washington, Oregon, Nevada, Alaska,
Oregon, Ohio, Pennsylvania and Virginia.
The majority of FPI’s portfolio
of LIHTC properties includes Tax-Exempt Bond financing. On bond financed
communities, FPI Management is responsible for income-qualifying, compliance
monitoring and reporting to respective agencies.
FPI maintains
memberships in the Affordable Housing Management Association of Northern
California, Nevada, and Hawaii (AHMA-NCNH) to provide on-going training to
on-site and Regional staff. FPI Management’s Compliance team is experienced in
the requirements of this program, and monitors on going compliance.
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