Asset Management Services (AMS)

The Department of Housing and Community Development's Asset Management Services team ensures that the City of Oaklands’s Affordable Housing Projects are compliant with the terms of the loan or grant that was provided by the Housing Department to fund development. Project documentation and tenant income information is also reviewed by staff periodically to ensure that tenant incomes and rents conform to the terms of the City’s affordability restrictions. 
 
In addition to ensuring compliance with affordability requirements, the Asset Management team ensures that borrowers of City funds adhere to the repayment terms for the City’s loan assets. 
 
All owners and developers requesting City approvals and consents regarding multifamily projects with existing City financing and/or restrictions, are required to submit request to AMS@Oaklandca.gov.  These approvals and consents can be related to things like Limited Partnership exits, property ownership transfers, loan restructurings, refinancing, and resyndications with tax exempt bond issuance. 
 
For questions or information regarding income and rent requirements, property management changes, reserve withdrawal requests or repayment requirements on affordable housing projects funded by the City of Oakland, please contact the Housing Development Manager at AMS@Oaklandca.gov. 

Homeownership programs are designed to expand opportunities for prospective Oakland homebuyers through education, financial assistance, and resource referral.