Sterling Asset Management Company is CHOC’s subsidiary property management company. Established in 1992, Sterling maintains quality property service for CHOC residents and the long-term maintenance of CHOC’s portfolio. Sterling is dedicated to superior property value, appearance and resident experience, bolstered by an ambitious plan for growth.
Led by President Kevin Grani, who brings 34 years of experience managing large, West Coast portfolios (conventional, affordable, mixed use), Sterling is licensed by the California Department of Real Estate and is a HUD and HCD-approved management agent. Sterling also maintains a full complement of management, supervisory and accounting personnel, as well as highly-trained regulatory compliance and asset management staff.
Sterling is responsive to resident, neighborhood, local, state and federal government concerns, meeting owner and resident standards for safe, healthy and attractive affordable and conventional housing. In alignment with parent company mission and vision, Sterling’s operating principles of Competence, Balance, Passion, Collaboration and Humor anchor and drive our growth, success and innovative approaches.
As a CHOC subsidiary, Sterling is able to respond efficiently to resident, neighborhood, local, state and federal government concerns as well as meet CHOC’s standards of providing safe, healthy and attractive affordable housing to families.
Sterling has extensive experience in managing and maintaining affordable housing subject to multiple federal and state government regulatory agreements, including:
Housing & Urban Development (HUD) Section 8, Section 212, Section 811
USDA Rural Development financing
California Housing and Community Development (HCD) programs (RHCP, MHP, MPROP, SHMHP, FWHG)
Sacramento Housing & Redevelopment Agency (SHRA)
Additionally, Sterling is experienced in meeting Tax Credit Allocation Committee (TCAC) regulations, as well as performance and reporting requirements for numerous lenders and tax-credit investors.