Delaware County Housing Authority (DCHA) Selects Yardi Voyager™ to Manage Its Subsidized Housing Portfolio

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SANTA BARBARA, CA, October 29, 2007 — Yardi Systems, the global leader in asset and property management software, is pleased to announce that the Delaware County Housing Authority (DCHA) of Pennsylvania has selected Yardi Voyager iPHA and Affordable Housing to manage all elements of its public housing and affordable rental housing portfolios.

DCHA oversees more than 1,000 owned units and 3,000 Housing Choice Voucher clients, including Low-Income Housing Tax Credit units and several boutique programs such as Shelter Plus Care, Family Unification, and Supportive Housing.

The implementation of Yardi Voyager will support DCHA’s plans to maintain its existing portfolio while potentially adding service-enhanced senior living units and supporting expansion into new home ownership opportunities. “DCHA recognized Yardi as the leader in the property management software field. We knew some well-respected housing authorities and private property management firms had recently switched to Yardi,” said Lawrence E. Hartley, DCHA’s Executive Director. “We were aware of several competitors, but really only seriously considered Yardi.”

Voyager iPHA and Affordable Housing will provide DCHA with the ability to support a client base that includes both subsidized and market tenants. In addition, Voyager will assist DCHA staff with compliance, tracking and benchmarking issues. The selection of Voyager’s fully integrated, browser-based system represents a key step toward integrating all of DCHA’s property management software into one package and implementing property-based management and accounting–which will be a significant improvement for the housing authority.

“DCHA’s decision to implement Yardi Voyager and take full advantage of the system’s fully integrated offerings for public and affordable housing demonstrates their commitment to excellence, reducing costs and maximizing efficiencies to better serve their clients,” said Harvey Dickerson, Regional Sales Manager, Yardi Systems. “With Yardi’s leading technology, they will continue to see significant cost benefits as their portfolio grows and compliance regulations become more complex.”

About Delaware County Housing Authority
The Delaware County Housing Authority was incorporated in 1937 to purchase, acquire, construct, manage and operate low-income and elderly housing projects under the auspices of the U.S. Dept. of Housing and Urban Development. It owns and operates 1,056 units of affordable rental housing and 100 units of housing for seniors and disabled consumers. It also administers a 3,000-unit Tenant Based Housing Choice Voucher program and owns, manages or administers a variety of units under various HUD programs. In the last five years, DCHA has developed over $100M of affordable housing utilizing the Mixed Finance development method and Low Income Housing Tax Credits. For more information, visit http://www.dcha1.org.

About Yardi
Yardi Systems is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.

Headquartered in Santa Barbara, California, Yardi Systems has offices throughout the United States, Canada, Europe, Asia, and Australia. More information about Yardi products and services may be found by visiting
www.yardi.com.

Trade Media Contact:/ Joel Nelson 805.699-2040, ext. 1255

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