Opening Plenary Summary
The Road to Resiliency and Sustainability
June 27, 2023
The 2023 CHAM Annual Asset Management Conference brought together asset managers from all corners of the nation to confront the challenges borne out of the pandemic. Unpaid rents, surging evictions, escalating expenses, staffing shortages, higher interest rates and rising security costs are just a few of the pressing issues under the spotlight. The opening plenary set the stage with a compelling narrative, portraying the daunting landscape while offering hope and potential solutions.
We kicked off the event with a data snapshot from Enterprise’s 113,000 unit portfolio, which revealed crucial insights such as declining debt coverage ratios, accounts receivables and bad debt doubling, and a growing watchlist. HUD Deputy Secretary Adrianne Todman picked up the themes in responding to questions from Bob Simpson of the Multifamily Impact Council.
The engaging discussion then continued with an inspiring panel – Jenny Netzer, TCAM; Paul Williams, Project for Pride in Living; and Deidre Schmidt, CommonBond. They delved into broader approaches to navigate not just the pandemic but the ripple social and economical impacts that are reshaping affordable housing.
This sobering yet empowering dialogue brought to light the resilience built from past crises and the urgent need for innovative tools and visionary leaders to face current challenges. As our work unfolds, the focus remains on empowering communities, driving progress and forging a resilient path forward for the asset management industry.
Enterprise Community Investment
Project for Pride in Living
Multifamily Impact Council
Deputy Secretary of the U.S. Department of Housing and Urban Development.