FAQS

You have questions. We have solutions.

Is Summit the answer to the management needs for my Property?

Yes. Summit is a full-service property management firm with a specialty in affordable housing. Our systems are geared for the monitoring and compliance with the US Department of Housing & Urban Development (“HUD”), New York State Homes and Community Renewal (“HCR”) and New York City Housing Preservation and Development (“HPD”) regulations.

My Affordable Housing Property is struggling and is frustrated with present management – how can you help?

Summit specializes in the management of troubled projects. We have a proven track record of controlling costs, increasing revenues and producing budget surpluses at the properties we manage.

What are the services that Summit offers?

A seasoned team of professionals will be assigned to your property to:

Work with the ownership on day to day issues and keep them informed of all situations
Prepare and implement a Plan for your Property
Prepare Forecasts and Budgets
Provide Proposals for any projects
Review all bills for payment with Board approval
Submit Monthly Reports
Assure Regulatory and Loan Compliance
Keep up to date on all Permits
Make sure the Property is up to code and violations or warnings are taken care of
Make sure all repairs are handled as quickly and efficiently as possible
Project Management of repairs and renovations
Manage and schedule the staff
Maintain Inventory lists
And much, much more…

If you would like to learn more about any of the services we offer, please contact us.

My Property has construction defects and deferred maintenance – can you handle these issues?

Yes.

Summit has successfully administered over one billion dollars for major construction contracts. Not only have we completed contracts on time and ahead of schedule, we have done so in a regulated environment where exacting state and federal regulations on bidding, contract award, payment, and record keeping must be met. All the work was completed in occupied developments and was accomplished with minimum disruption to the residents and shareholders.

What are Summit’s recent accomplishments?

Rebuilding a power plant in Queens while continuing to supply utilities to $20,000 residents with no back-up power from Con Edison
Securing $631 Million Loan for a community in the Bronx at 2.4% interest for 35 years
Renovating Manhattan Rec. Center (vacant for over 20 years) including a pool, indoor basketball court and tennis courts at no cost to residents
Transitioning a community in Brooklyn back under HCR Supervision including the adherence of all HCR procedures

What are your office hours?

Summit’s corporate office located at 2104 First Avenue, New York, NY 10029, is open Monday through Friday from 9:00 am to 5:00 pm.

Do you handle property management emergencies?