Broad-Park Development Corporation
Outsourcing of Property Management Services, May, 2009
Key Messages
Broad-Park is committed to our community and is here to stay.
The choice we have made to outsource our property management function will make Broad-Park leaner, stronger and more focused on our core mission of revitalizing Hartford’s Frog Hollow and South Green neighborhoods. This strategic move will be viewed favorably by funders, and will allow Broad-Park to continue exploration of innovative approaches and creative collaborations that will keep us a vital part of our community’s revitalization for years to come.
Broad-Park’s mission is not changing, it is being reinforced.
For more than 30 years, Broad-Park Development Corporation has helped the people of the Frog Hollow and South Green neighborhoods realize their dreams. That will never change.
Broad-Park will be better for this change, as will our community.
Having Mutual Housing as a property management partner allows Broad-Park to focus on its many exciting development projects currently in the works, and assertively seek out creative collaborations and new partnerships with like-minded community interests. In the long term, this will result in even more affordable housing choices for Hartford residents and stronger, more vibrant neighborhoods.
Like Broad-Park, Mutual Housing Association of Greater Hartford is committed to our community.
Mutual Housing Association of Greater Hartford, the new property manager, has a long track record of working hard to improve neighborhoods and provide affordable housing right here in Hartford. Our compatible missions make them the ideal choice to assume this contract.
Tenants will continue to receive high-quality management and maintenance services.
There will be no noticeable change for tenants of our properties, other than having to send their monthly rent payments to a different management company, or calling a different maintenance provider for repairs. As property owner, Broad-Park will closely supervise execution of the management contract, and has every confidence that Mutual Housing will provide the kind of management and maintenance services our tenants expect and deserve.