CHAM Awarded $1 Million Grant to Support Risk Management Education

The Neighborhood Risk Management Corp. has awarded the Consortium for Housing and Asset Management (CHAM) a $1 million grant to support a comprehensive risk management program to help multifamily affordable housing owners to implement robust risk management practices, CHAM announced.  

CHAM said its program primarily will focus on portfolio risk management for asset managers while its partner, Strength Matters, will focus on enterprise risk management for executive staff. Over the next few years, CHAM and Strength Matters will create an arc of risk management education and also define the areas where portfolio and enterprise intersect. “Opportunity does not come without risk,” says CHAM Board President Harold Nassau, “and there is no good asset management without risk management.”