Public Housing Asset Management Strategy
PES recent project experience includes developing an Asset Management Strategy for the Albany Housing Authority. The Albany Housing Authority requested a review of its existing housing portfolio to better understand the potential for redevelopment and gaps in product offerings. The PES consultant team assessed market and physical conditions through site inspections and meetings with property managers, residents and public officials. The team worked together to create a cohesive set of strategic actions for promoting the productive use of AHA’s existing portfolio and to set priorities among AHA properties for competitive stimulus funding under the American Recovery and Reinvestment Act (ARRA). Considered were strategies to better connect AHA properties with the surrounding neighborhoods and green investments to improve energy efficiency. The team explored management strategies and better use of performance measures. Long-term financial strategies include mixed-finance redevelopment and tapping of new revenue sources.