Affordable housing managers face a variety of challenges to meet and maintain compliance in an industry where regulations frequently change. Managing HUD project-based 50059 properties, Low Income Tax Credit properties, HOME Fund properties, RHS Section 515 properties—and properties that combine all of these subsidies—requires strict adherence to government regulations and meticulous resident screening.
As an affordable housing manager, you are confronted with many key challenges, such as:
- Qualifying tenants, certifying incomes, and determining tax credit eligibility
- Integrating accounting and compliance functions, and keeping resident ledgers current
- Reconciling subsidy payments for multiple residents, and applying rental assistance funds
- Sending and tracking verification letters, and monitoring waiting lists
- Submitting required reports on a timely basis
- Tracking rental assistance units and unit transfers
- Tracking basic rents and overages, administering utility reimbursement payments, and processing special claims
- Maintaining properties and responding to work orders
- Creating multiple required reports including Project Status Reports, Notice of Payment Due Reports, and HUD reports
Yardi Voyager™ Affordable Housing is the only browser-based software that provides seamless integration of compliance, accounting, and property management functions. From guest card through certification, Voyager Affordable Housing guides you through correct compliance procedures. It offers a single, fully integrated relational database and all the tools you need to manage and maintain compliance for 50059 project-based properties, Low Income Tax Credit properties, HOME Fund properties, RHS Section 515 properties, and properties that combine all of these subsidies. Known for its ease-of-use, Voyager Affordable Housing provides an intuitive workflow and comprehensive compliance features that reduce training time and increase staff productivity.
Click here to learn more about Yardi Voyager™ Affordable Housing software.
Click here to learn more about Yardi Classic Affordable Housing software.
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