HOC: Housing Opportunities Corporation

Founded in 1983, Hoc (Housing Opportunities Corporation) is a nonprofit property management corporation. Although a separate corporation, Hoc is a Wdc affiliate and serves as the developer's management arm.

Wdc and Hoc believe comprehensive property management is a critical component in a project from the initial planning stages throughout the property's ongoing life. As a result, Hoc provides resourceful, skilled, firm, and responsive 'hands-on' property management during the development of the property – to ensure quality, permanent housing for families, the elderly and groups with special needs –and every day thereafter – to protect against its disinvestment.

Presently, Hoc manages over 650 apartments across Rhode Island and throughout the management process, the Hoc staff communicates with residents, listens to their concerns, and fosters their feelings of pride and responsibility.

Hoc also provides management services for properties developed by other nonprofit housing development corporations. Presently, Housing Opportunities Corporation manages developments funded by Rhode Island Housing and Mortgage Corporation (RIHMFC), U.S. Department of Agriculture rural Development and the U.S. Department of Housing and Urban Development (HUD).

Hoc Provides:

>> Financial Management
Preparation of Operating Expenses Budget
Preparation of Capital Improvements Budget and Projections
Preparation of Government Reports
Monthly HUD Requisitions for Rental Contracts

>> Physical Building Management
Cost Effective Preventive Maintenance of Apartments
Apartment Inspections
24 Hour Emergency Maintenance Services
Annual Agency Reviews of Apartments

>> Administrative Management and Tenant Services
Marketing of Apartments
Tenant Selection
Tenant Leasing
Rent Collection
Annual Tenant Re-certifications
Annual Agency Reviews