RFP #2400 - PROPERTY MANAGEMENT SERVICES FOR METROPOINTE

This contract awards property‑management services for the 173‑unit MetroPointe apartment complex in Wheaton, Maryland. The manager is responsible for full‑service leasing, rent collection, tenant relations, maintenance oversight, financial reporting, compliance with HUD/LIHTC requirements, and use of HOC‑designated software (Yardi Voyager). The agreement is for an initial two‑year term with two optional one‑year renewals and includes detailed reporting, insurance, and background‑screening obligations. • Scope covers all day‑to‑day operations, financial management, and regulatory compliance for a mixed‑income (market‑rate + LIHTC) residential property. • Mandatory deliverables include monthly financial statements, occupancy and DSCR metrics, numerous performance reports, and adherence to HOC Works program requirements. • Vendor must maintain extensive insurance coverage, submit audited financials, and meet stringent background‑screening criteria for all on‑site personnel.