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CHICAGO—Chicago-based The Habitat Company, a USmultifamily developer and property manager, has decided to placeits affordable housing operations under a single umbrella calledthe Habitat Affordable Group. The new arrangementunites the firm's public housing and affordable housing managementdivisions with its community development operations, a move thatcompany officials say will improve efficiency and help fulfilltheir plan to grow nationally.

“In the multifamily world, the operational and development sidesalways need to work together, but in affordable housing, not onlydo you have the operational and development aspects, you also havea unique compliance aspect,” Matt Fiascone,president of Habitat, tells GlobeSt.com. The added complexity ofmeeting government requirements for all types of units, whetherpublic housing or affordable units connected to tax credits orother financing mechanisms, means it “makes even more sense tooperate them with a holistic approach.”

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Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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