PORTLAND – Portland Housing Development Corporation is pleased to welcome Greg Putnam as the agency’s new asset manager, overseeing the financial health and long-term performance of its 1,491-unit housing portfolio across 19 properties in Maine’s most populated city.
In this role, Putnam will manage performance of the agency’s large and growing Low Income Housing Tax Credit portfolio, working to expand affordable housing opportunities, preserve housing stability and affordability, improve housing quality, and enhance the energy efficiency and sustainability of Portland Housing Authority properties serving over 6,000 residents — nearly one tenth of the city’s population.
As public housing agencies gradually transition from traditional public housing models toward more financially sustainable approaches, PHDC has leveraged tools such as Low-Income Housing Tax Credits to make affordable housing projects financially feasible, as well as HUD’s Rental Assistance Demonstration program to preserve and improve existing public housing. Skilled asset management plays a critical role in this work, turning data into decision-making that supports well-maintained, energy efficient and stable housing.
“Asset management involves consistent monitoring of project performance, coordination across departments, and careful attention to long-term budgeting and resident satisfaction,” said Jay Waterman, director of real estate development. “Greg’s experience in asset management, property management and budgeting will support this work and help keep our projects on track.”
Putnam brings more than a decade of property management experience and previously served as a budget analyst with the Nevada Department of Education. His work with The Pacific Companies and his budgeting experience give him a strong foundation for coordinating the many moving parts involved in PHA’s asset management work.
Established in 1943, the Portland Housing Authority provides long-term, affordable fair rental housing and assistance to around 3,200 low-income families, seniors and disabled individuals through its federally subsidized housing programs. PHA houses over 6,000 residents, about 8.6% of the city’s population. PHA believes that providing safe, quality, affordable housing gives residents the stability and opportunity for success they need and deserve. For more information, visit www.porthouse.org.