News

BOSTON, MA – The Housing Authority of the County of Santa Clara (HACSC) has engaged TCAM to strengthen HACSC’s asset management function. TCAM is helping HACSC achieve greater operational efficiency and effectiveness, improve asset management practices, policies and procedures, and incorporate best practices from around the industry. Stronger asset management will help HACSC continue to fulfill its mission of providing and inspiring affordable housing solutions to enable low-income people in Santa Clara County to achieve financial stability and self-reliance.
This engagement is the most recent assignment for TCAM from a large public housing authority and owner-developer. TCAM is currently providing asset management and advisory services for several state and local housing agencies as well as owners, investors, banks, insurance companies and corporations. “The Housing Authority of the County of Santa Clara plays a critical role in addressing the growing affordable housing needs in its communities,” said Allen Feliz, TCAM Managing Director. “TCAM looks forward to bringing its experience and expertise to helping the Authority with this important task.”
TCAM (www.tcamre.com) provides asset management and consulting services for investors, syndicators, owners, lenders, housing finance agencies and authorities and guarantors. Overall, TCAM provides services to capital providers in the affordable housing industry including owners, investors, guarantors and state and local housing agencies for 914 properties comprising 118,000 apartment units in 43 states, Washington, D.C., and Puerto Rico, representing in excess of $3 billion of client capital.
TCAM is owned by QuietStream Financial (http://quietstreamfinancial.com/). QuietStream Financial’s companies provide alternative asset management services and structured finance products for real estate borrowers, financial institutions and investors.
Housing Authority of the County of Santa Clara assists about 17,000 households through the federal rental housing assistance (Housing Choice Voucher, also known as Section 8) program. HACSC develops, controls and manages affordable rental housing properties. The majority of its program funding comes from the U.S. Department of Housing and Urban Development (HUD). Its programs and properties are targeted to assist low, very low, and extremely low-income households. The vast majority-more than 80%-of its client households are extremely low-income families, seniors, veterans, persons with disabilities, and formally homeless. Working together with landlords, housing developers, charities and local governments, HACSC strives to provide housing and support services to as many eligible families as possible. For more information visit http://www.hacsc.org/.