Atlanta-based AFR and Associates, Inc. has lost its contract covering the state of Georgia with the U.S. Department of Housing and Urban Development, HUD announced this morning. HUD said it has named Atlanta-based PEMCO, Ltd. as its Management and Marketing Contractor servicing the state of Georgia, effective immediately. Management and Marketing Contractors for HUD are reponsible for the marketing and management of real estate portfolios owned by the government agency within a given region. PEMCO said in a statement that it will retain Tulsa, Okla.-based First Preston Management, Inc. on a subcontractor basis to continue its management of properties in the state. First Prestion was serving as subcontractor for Georgia’s HUD properties under AFR.
AFR Loses HUD M&M Contract in Georgia
Most Popular Articles
Latest Articles
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
-
Down payment amounts are exploding in these metros
-
Commission lawsuit plaintiff Sitzer launches flat fee real estate startup
