OUR PARTNERS
Change Management Company Request
Request Process
- Submit a written request to change your Property Management Agent to DCHFA. You must get approval before notifying your current Management Agent of your intent to remove them. There is a non-refundable review fee of $3,500.
- After receiving approval submit the following:
- After receiving approval ask your proposed Management Agent to submit the following:
- Management Agent Questionnaire (to DCHFA)
- Required Documents Package
- Letter Requesting Management Agent Change w/Explanation
- Agent Profile
- Resumes of all Principal and Key Personnel
- Copies of Site Manager and Staff Certifications
- Three Years of Audited Financial Statements
- Affirmative Fair Housing Marketing Plan
- Fidelity Bond Insurance
- Property Management Agreement
- Property Management Plan
- Proof of Broker’s & Property Manager’s License
- Marketing Plan
- DC Property Manager’s License
- HUD Form 2530
- HUD Form 9832
- Wait for DCHFA’s decision. A decision will be rendered within 30 days of receiving an approved HUD 2530.
- After receiving approval, your current Management Agent may be notified.
Additional Information for the Change Management Application (Step 3)
- The application will be reviewed for completeness by the compliance coordinator. If any documents are missing, you will be given 15 days to submit them before the application is rejected.
- The Project’s DCHFA Asset Manager will review the application and either approve or reject the proposed Management Agent.
- If approved, you may proceed with notifications.
- For additional guidance on Management Agent changes, refer to your Land Use Agreement.