Henry Mukasa

Henry Mukasa was recently appointed director of rental management for MassHousing. In this position, Mukasa will be responsible for MassHousing’s oversight of more than 900 privately owned and managed rental housing developments across Massachusetts with more than 101,000 apartments.

“Henry Mukasa is a consummate professional in the field of rental management and he is the perfect candidate to oversee our efforts to continually monitor the physical and financial condition of our real estate portfolio,” said MassHousing Executive Director Thomas R. Gleason.

Mukasa has been with MassHousing since 1993. He has served in a number of positions within the rental management department, most recently as a senior portfolio manager in the Section 8 Contract Administration program.

Prior to that, Mukasa served as the chief asset manager for MassHousing’s Demonstration Disposition Program. Working in partnership with the U.S. Department of Housing and Urban Development (HUD), the program renovated and revitalized 1,850 housing units in 11 seriously troubled HUD-owned developments in Boston between 1994 and 2004.

Mukasa and his staff manage MassHousing’s largest business area and work with real estate management companies to make sure that MassHousing’s portfolio of rental housing developments remains in good physical and financial condition.

“My appointment to the position of director of rental management is a wonderful opportunity,” said Mukasa. “It gives me the chance to add to the successes of my predecessors relative to providing and maintaining the supply of safe and decent affordable housing all over the Commonwealth.”

MassHousing uses regular property management reviews to assess the physical and financial health of each development. An important component of this oversight is managing the flow of millions of federal and state subsidy dollars that support these developments to ensure that they are properly utilized.

MassHousing’s Rental Management Division also offers creative refinancing alternatives to preserve affordability and to provide for long-term capital repairs to maintain the quality of aging MassHousing and HUD-financed developments. These complex transactions are structured to provide the best mix of affordable housing resources for the property and the borrower.