Director of Asset Management
Michael Witt was appointed as the Director of Asset Management in January 2016. Mr. Witt joined MSHDA in 2008 as a Transaction Specialist before going on to serve as the Manager of Transactions in 2010 in the Asset Management Division. In his role as Manager of Transactions, he oversaw all workouts, mortgage modifications and resale transactions. Mr. Witt currently supervises a staff of approximately 45 analysts and technicians who oversee the agency's rental bond financed and HOME-assisted multifamily portfolio of approximately 800 developments with more than $1.0 billion in loans receivable. This includes the oversight of MSHDA’s compliance monitoring unit which provides compliance monitoring for over 1,500 properties funded with LIHTC, HOME and other affordable funding sources. His unit employs a number of industry recognized activities designed to track the success of the Authority's investments and provide data needed to make informed decisions related to the multifamily portfolio. Also, since 2001, his division has acted as the United States Department of Housing and Urban Development's ("HUD") Performance Based Contract Administrator ("PBCA") overseeing the asset management and the disbursement of federal subsidy to an additional 400 federally assisted properties in Michigan. Mr. Witt received his Bachelor of Arts degree in finance from Michigan State University in 2003.