Henry Mukasa
Henry
Mukasa was recently appointed director of rental management for
MassHousing. In this position, Mukasa will be responsible for
MassHousing’s oversight of more than 900 privately owned and managed
rental housing developments across Massachusetts with more than 101,000
apartments.
“Henry Mukasa is a consummate
professional in the field of rental management and he is the perfect
candidate to oversee our efforts to continually monitor the physical
and financial condition of our real estate portfolio,” said MassHousing
Executive Director Thomas R. Gleason.
Mukasa has been with MassHousing since 1993. He has served in a number
of positions within the rental management department, most recently as
a senior portfolio manager in the Section 8 Contract Administration
program.
Prior to that, Mukasa served as the chief asset manager for
MassHousing’s Demonstration Disposition Program. Working in partnership
with the U.S. Department of Housing and Urban Development (HUD), the
program renovated and revitalized 1,850 housing units in 11 seriously
troubled HUD-owned developments in Boston between 1994 and 2004.
Mukasa and his staff manage MassHousing’s largest business area and
work with real estate management companies to make sure that
MassHousing’s portfolio of rental housing developments remains in good
physical and financial condition.
“My appointment to the position of director of rental management is a
wonderful opportunity,” said Mukasa. “It gives me the chance to add to
the successes of my predecessors relative to providing and maintaining
the supply of safe and decent affordable housing all over the
Commonwealth.”
MassHousing uses regular property management reviews to assess the
physical and financial health of each development. An important
component of this oversight is managing the flow of millions of federal
and state subsidy dollars that support these developments to ensure
that they are properly utilized.
MassHousing’s Rental Management Division also offers creative
refinancing alternatives to preserve affordability and to provide for
long-term capital repairs to maintain the quality of aging MassHousing
and HUD-financed developments. These complex transactions are
structured to provide the best mix of affordable housing resources for
the property and the borrower.
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