Classic Features Tour

Low Income Housing Tax Credit

  • New! Compliance with all HERA (Housing Economic Reform Act) guidelines
  • Housing Finance Agency Section 42 reporting requirements for all states
  • Enforces Section 42 compliance regulations including Deep Rent Skewing
  • Ability to handle complex projects with multiple set asides
  • Automated processes for move- in, move- out and recertification
  • Automatically calculates maximum tax credit rent & available unit tracking
  • Applicable fraction recalculations prior to each move-in
  • User friendly custom letter writer
  • XML Interface for electronic submission of project data to HFA’s

HUD

  • TRACS 202C compliant
  • Easy iMAX transmission process
  • HUD compliance waitlist
  • HUD-50059 Certification form
  • HUD-52670 HAP Voucher form
  • HUD-93104 Excess Income Report
  • HUD Special Claims worksheet
  • HUD Model Leases
  • Plus over 40 more compliance and occupancy reports

USDA Section 515

  • Ability to track adjustments on the Project Worksheet
  • Fully MINC compatible
  • Rural Development Waiting List
  • 3560-8, Certification form – On-screen actual form, automatic calculations, error checking with warnings
  • 3560-7 Budget report - On-screen actual form for ease of use
  • Automated Household Recertification
  • 3560-29 Comprehensive Project Worksheet
  • Microsoft Excel export and import for 3560-8

Letters

  • Customizable letters with ability to import any Word document into the CLASSIC program for automatic printing and merge field access
  • Default letters include Recertification letters (30-60-90 and 120 day notices), and verification forms

Reports

  • Rent Roll, Occupancy Reports, Vacancy Reports, Expiration Reports, and all required compliance reports for HUD, Tax Credit, and Rural Development 515
  • New! Flex Reports give users the ability to customize stock reports

Accounts Receivable

  • Complete Resident Ledger including tracking of Security Deposit charges, payments, and allocation
  • Aged Receivables report
  • Easily enter rents in the multi-resident rent payment screen
  • Integration to Yardi Genesis and third-party accounting packages

Work Order

  • Printable Work Order
  • Create Work Order templates
  • Set Recurring Work Orders for future maintenance
  • Integration to Accounts Receivable
  • New! Ability to import and export Work Orders to and from Excel, providing great convenience for maintenance staff who don't have access to CLASSIC
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