HAI Group Blog

Insurance, Risk Management, and Professional Development Tips for the Affordable Housing Industry.

3 Skills You Need to Be an Effective Manager in the Affordable Housing Industry

The micromanager. The workaholic. The narcissist. Chances are you’ve encountered at least one of these bad boss types in your career, so it might not come as a surprise to hear that organizations fail to hire the right candidate for a managerial position 82 percent of the time. On top of that, over the last few years, managers have been put through the wringer—they’ve had to endure a pandemic, find solutions to retain and attract talent during the Great Resignation, and keep employees engaged in the wake of ‘quiet quitting.’ So, what’s the secret sauce to beating the odds and hiring—or becoming—a successful manager? HAI Group’s Staci Canny asked Michael Teape, owner and lead training consultant of Teape Training International, for advice. 

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Interested in Preserving Naturally Occurring Affordable Housing in Your Community? Hear from Two Organizations Doing Just That.

While the terms ‘subsidized’ and ‘affordable’ often go hand in hand when most people think about the U.S. affordable housing stock, the reality is that only 25 percent of the country’s affordable rental units receive government subsidies. The other 75 percent is known as naturally occurring affordable housing, or NOAH. NOAH refers to rental properties that are affordable to low- and moderate-income families due to the properties’ age, amenities, physical condition, or location in lower-cost markets. But, despite their vast presence, these properties are at a high risk of disappearing due to redevelopment, disrepair, and economic instability. HAI Group’s Staci Canny talked to Dr. Hilary Lopez, executive director of Reno Housing Authority in Nevada, and Dunni T. Cosey Gay, director of the Preservation Compact, a Chicago-area policy collaborative, to hear how their organizations have found success with preserving NOAH in their respective communities as a complement to subsidized housing. 

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3 Free Preservation Resources Housing Agencies Need to Know About

As the U.S. is facing a shortage of over seven million affordable rental homes for extremely low-income renters, and more than 320,000 homes have affordability restrictions expiring in the next five years, advocating for the need for affordable housing has never been greater. Today, housing agencies are exploring various preservation options, from purchasing Naturally Occurring Affordable Housing (NOAH) properties to accepting donated buildings, engaging in green construction, or participating in the latest tax credit programs.

No matter what route your agency may go down to acquire and rehab existing affordable housing, we’ve rounded up three preservation resources that you should add to your toolbox. The best part is they’re available to agencies at no cost!

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