August 2011 Results
Questions 1-5 reference an ownership and management company’s affordable housing portfolio.
Questions 6-9 refer to individual properties.
1. Do any of your company’s properties (that the company owns or manages) currently experience consistent vacancies, aside from regular unit turn-over?
| Yes | 38% |
| No | 61% |
| I do not know | 1% |
2. What percentage of properties in your portfolio experience consistent vacancies, aside from regular unit turn-over, on a regular basis?
| 0-1% | 18% |
| 1-2% | 16% |
| 2-3% | 11% |
| 3-4% | 16% |
| 4-5% | 5% |
| 5-7% | 3% |
| 7-10% | 21% |
| Greater than 10% | 11% |
3. What is the average percentage of units experiencing consistent vacancies, aside from regular unit turn-over, per property in your portfolio?
| 0-1% | 21% |
| 1-2% | 16% |
| 2-3% | 5% |
| 3-4% | 13% |
| 4-5% | 5% |
| 5-7% | 3% |
| 7-10% | 26% |
| Greater than 10% | 13% |
4. What is the largest percentage of consistent vacancies, aside from regular unit turn-over, a property in your portfolio has experienced in the last three years?
| 0-1% | 16% |
| 1-2% | 8% |
| 2-3% | 5% |
| 3-4% | 8% |
| 4-5% | 8% |
| 5-7% | 0% |
| 7-10% | 5% |
| 10-20% | 24% |
| Greater than 20% | 26% |
5. Have you sought a waiver to address these ongoing vacancy issues?
| Yes, I sought a waiver and received it. | 18% |
| Yes, I sought a waiver and did not receive it. | 21% |
| No, I did not seek a waiver | 58% |
6. What state is your property located in?
| AZ | 4% |
| CA | 4% |
| CT | 11% |
| KS | 7% |
| LA | 4% |
| MA | 22% |
| ME | 15% |
| MI | 7% |
| MO | 11% |
| OH | 7% |
| RI | 7% |
7. What type of government assistance does/did your property receive? Please select all that apply.
| LIHTC 9 percent credit | 29% |
| LIHTC 4 percent credit (bonds) | 9% |
| Project-based Section 8 | 57% |
| Housing choice vouchers (Tenant-Based Section 8) | 9% |
| Section 202 PRAC | 19% |
| Section 202 capital advance | 7% |
| Section 811 PRAC | 7% |
| Section 811 vouchers | 0% |
| Section 811 capital advance | 2% |
| HOME Program | 12% |
| CDBG | 2% |
| HOPE VI | 2% |
| Section 221(d)(3) | 3% |
| Section 221(d)(4) | 2% |
| Section 236 | 19% |
| RAP | 2% |
| Rent Supp | 0% |
| Mod Rehab | 0% |
| Section 515 | 7% |
| Section 538 | 0% |
| Rural rental assistance (Section 521) | 5% |
| Rural preservation voucher | 0% |
| Multifamily Preservation and Revitalization Grant | 0% |
| Other preservation voucher (maturing mortgage, enhanced voucher, etc). | 2% |
| Other | 17% |
8. Has your property been experiencing consistent, ongoing vacancy issues, outside of regular unit turnover, during the last three years?
| Yes | 57% |
| No | 43% |
| I do not know | 0% |
9. If you answered “Yes” to Question 8, what percentage of your property’s units are experiencing consistent, ongoing vacancy issues, outside of regular unit turnover, over the last three years?
| 0-1% | 12% |
| 1-2% | 8% |
| 2-3% | 2% |
| 3-4% | 8% |
| 4-5% | 10% |
| 5-7% | 12% |
| 7-10% | 22% |
| 10-20% | 2% |
| Greater than 20% | 12% |
| My property is not experiencing ongoing vacancy issues | 10% |
| I do not know if my property is experiencing ongoing vacancy issues | 0% |
