Congress continues to prefer nonprofit organizations over government and for-profit
investors for participation in federally assisted multifamily housing programs
because nonprofit organizations are believed to be more efficient in delivering services
than government and more altruistic than for-profit investors. However, empirical
information to support these beliefs is limited.
The purpose of this study was twofold: a) to determine if property management
practices of federally assisted, nonprofit-owned multifamily housing properties are
different from those of comparable government- and for-profit-owned properties with
regard to administration practices, financial management practices, maintenance
procedures, and services provided to residents and b) to determine how much variance
in these management practices is explained by type of owner, owner's goals for property ,
property manager's qualifications, and neighborhood environment. Independent t-tests
and a multiple regression analysis, respectively, were used.
The population consisted of public housing and Section 8 nonprofit-and for-profit
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