History

Living Opportunities Management Company (LOMCO) is an experienced residential property management company established in 1975 to provide day-to-day supervision of the projects that were being developed by its parent company, Doty-Burton Associates.

Initially specializing in affordable housing for the elderly, LOMCO has experience in managing family units, SROS, and projects for persons with disabilities. LOMCO now manages for projects with a variety of funding subsidies including HUD insured and direct loans, project and tenant based Section 8, LIHTC, CHFA, and tax-exempt bonds. LOMCO's clients include non-profit and for-profit corporations, limited partnerships and government entities.

LOMCO is an approved management agent by the U.S. Department of Housing and Urban Development (HUD) and is licensed by the State of California Department of Real Estate. LOMCO's 250 employees are largely dispersed among the various sites in Southern California with supervisory personnel based out of the corporate office in Long Beach, California. LOMCO provides professional training of site staff in subsidy program compliance, project operations, legal issues, site maintenance, resident service coordination and other areas.

LOMCO was founded and is operated by compassionate people who are committed to providing the finest possible affordable housing for elderly, disabled and/or low-income persons. This commitment includes providing services designed to meet physical, social and psychological needs, and to promote the health, security, happiness and usefulness for all residents living within our managed facilities.

LOMCO currently manages 22 affordable housing properties for elderly and physically challenged residents. Approximately 2,750 apartment units provide safe, comfortable housing and many needed services to approximately 3,000 individuals living on limited incomes.