The Importance of Rental Assistance Demonstration (RAD) Program This past summer, HUD celebrated a significant milestone -- the renovation of 100K public housing homes through the Rental Assistance Demonstration (RAD) Program. If you are interested in reading further...
Hayes Gibson Blog
Here’s the latest on what’s happening at the HGPS headquarters and on the property sites.
Barriers to Attracting and Hiring a Diverse Workforce
A diverse workforce has immediate and tangible benefits for all organizations – including their bottom line. Data shows that diverse organizations are both more innovative and more productive. A recent McKinsey study showed that American companies with diverse executive boards had a 95% higher return on equity that those whose boards were more homogenous. A Deloitte report published several years ago showed that when employees feel included, innovation increases by 83%.
Many organizations are becoming more sensitized to the importance and benefits of having a diverse and inclusive workforce. However, not all have adjusted their hiring practices to avoid the pitfalls of excluding potential applicants because of archaic or short-sighted recruiting and screening procedures that may limit the applicant pool for any given position. What are some of the mistakes companies and hiring managers make that impact their ability to identify and recruit diverse talent?
Keeping Up the Company Culture
It’s a deliberate combination of designing, nurturing, and protecting the culture you want and communicating the vision and leadership and appreciation to enable everyone to see their part in the greater organization as necessary to shared successes. It is the humans at the center of your workplace in which the quality of their lives directly impacts their contributions to the workplace environment or company culture.
Effectively Working With Non-Profit Owners
Effectively working with non-profit owners to provide affordable housing for their clients through property asset management.
The How and Why of Problem Solving
Problem Solving - The How and Why In a previous blog, the focus was Effective Conflict Resolution. In many cases, only once a conflict is truly resolved and emotions are diffused can you start solving a problem and achieving desired results. Individuals are...
Considerations When Undertaking Your First RAD Development
RAD is a lifesaver for many PHA’s. This program allows units to get the much-needed renovation, and the placement of project-based rental assistance has made the units affordable for all residents. It will also enable rents at a level to meet reasonable financial needs of the project and fund strong reserves.
Minimizing the Disruption – How to Effectively Transition a Management Company
I often use the following analogy to describe the effective transition of a property management company for a large multifamily asset and a scenario common for many property management companies. A moving train…What makes it go? Who is the conductor? Are there...
When the Unthinkable Happens – Emergency Preparedness, Part III
Regardless of the endeavor, having a concrete plan in place is an important first step in ensuring that the implementation, when confronting any challenge, goes as smoothly as possible. When your teams are dealing with emergency situations, those unthinkable events...
When the Unthinkable Happens – Emergency Preparedness, Part II
Anticipating what could or may happen in our businesses is required of leaders every day. But the only way we can create clarity out of the uncertainty and prepare our on-site property management teams to respond when the unthinkable happens is to develop a detailed, written emergency preparedness plan. As discussed in my previous blog, the detailed, written plan should focus on addressing four specific areas of concern — harm to individuals, damage to property, unlawful activity, and reputation management. The emergency preparedness plan should also answer the Who, What, When, Where and How questions outlined in this blog.
When the Unthinkable Happens – Emergency Preparedness
Several years ago, I encountered a tough situation at one of our properties that my team was ill-prepared to address, because of the very nature of the issue. A young woman, who lived at a purpose-built student housing property that my company managed, disappeared after a night out with friends. That tragedy, in and of itself, created a myriad of concerns for the on-site team. In addition to dealing with the young woman’s family as sensitively as we could, we had to navigate through constant media scrutiny and numerous requests from local law enforcement. Needless to say, our team had no chapter in our emergency preparedness “playbook” for such a unique scenario.
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