CHOC's property management subsidiary, Sterling
Asset Management Company (SAMC), was
established in 1992 to ensure optimal services to
residents, and long term maintenance of physical
assets.
SAMC is
licensed by the California Department of Real Estate
and is approved as a property management agent by HUD
and the California Department of Housing and Community
Development.
While continuing
to grow along with CHOC's portfolio of
multifamily rental properties, SAMC has added
fee management of properties owned by other
organizations. With state-of-the-art accounting
software and highly qualified staff, SAMC has
the capacity to grow substantially beyond current fee
management contracts and CHOC properties.
CHOC's
property management and accounting staff have
experience and skills in managing properties financed
through a myriad of public and private sources
including Low-Income Housing Tax Credits, HOME
Investment Partnership, California Housing Finance
Agency tax-exempt bonds, HCD's Rental Housing
Construction Program, HUD-insured loans, and the
Federal Home Loan Bank's Affordable Housing Program.
In addition to
property management, CHOC also has a unique Resident Services Program
which coordinates resident-based on-site educational,
recreational, employment, financial literacy, and family
wellness programs that promote personal
growth and encourage community involvement.