Specifications include, but are not limited to: 1. Description of Property. The awarded Respondent will be responsible for providing management services to Barclay Apartments and Fairfax Court Apartments, garden style mixed income developments with 77 market rate units and 81 LIHTC affordable units located at 4716 Bradley Blvd, Chevy Chase, MD 20815 and 14 market rate units and 4 LIHTC affordable units located at 1 Fairfax Court, Chevy Chase, MD 20815. Additional information and detail regarding the property can be found on Exhibit A to this RFP. 2. Statement of Work. Property management services with a focus on maintaining stabilized occupancy of 94% or higher and a minimum debt service coverage ratio of 1.15:1.00. Respondents shall be required to perform all duties outlined in HOC’s Form Agreement for Property Management Services (Exhibit D). A. Management Duties – Generally: As applicable, adhering to the final Management Plan, Maintenance Plan, and Subcontracting Plan approved by HOC. B. Management Duties - Reporting: Management Agent will be required to submit the following reports on a monthly or more frequent basis as requested by HOC: ● Incident Reports, within 24 hours of the occurrence of an incident; ● Monthly Turnover Reports, as may be required; ● Monthly Rent Schedule Reports; ● Monthly Compliance Report (as submitted to the FHA Risk Share lender) ● Monthly Recertification Reports as appropriate; ● Monthly General Ledger and Balance Sheet; ● Monthly Income and Rent report; ● Monthly Court Case Report;
