Yardi Compliance Processes Align with HUD’s Acceptance of Digital Signatures

Yardi
clients can see immediate benefit by adopting its virtual leasing and paperless
compliance solution for applicants and residents

SANTA BARBARA, Calif., May 27,
2020 –A game-changing announcement from the U.S. Department of Housing and
Urban Development (HUD) creates significant benefits for affordable housing
providers.

On May 26, 2020, HUD issued a notice
stating that it now allows electronic
signature, storage and transmission of compliance and leasing documents
associated with multifamily Section 8 affordable housing properties.

Digital signatures and file storage
are core components of RENTCafé® Affordable
Housing, which is Yardi’s online solution for virtual leasing and affordable
housing compliance. RentCafe eliminates
the need for in-person meetings for transactions that formerly required physical
paperwork, such as waiting list management, certifying eligibility for housing
assistance, ongoing recertification of resident eligibility, payment processing
and more.

“Eliminating the need for original, wet signatures on compliance documents is a big step for the affordable housing industry. With this announcement, HUD has made many compliance processes faster, easier and safer considering the current need for social distancing,” said Chris Voss, vice president of sales at Yardi® .

Yardi clients using Yardi Voyager® can implement RentCafe Affordable Housing for Section 8 properties at no cost through the end of 2020. Yardi offers proven, leading-practice workflows and forms that affordable housing providers can have up and running in less than two weeks.

“This is a great opportunity for our
affordable housing clients to see how RentCafe can help reduce the cost
and complexity of compliance by saving staff time, reducing paperwork and simplifying
the certification process,” said Voss.

Yardi has advocated acceptance of digital signatures at the
federal level for several years and looks forward to working closely with other
agencies to expand the acceptance of electronic signatures and storage for more
affordable housing programs.

Learn more about RentCafe
Affordable Housing by visiting Yardi.com/RentCafeAH

About
Yardi

Yardi develops and supports
industry-leading investment and property management software for all types and
sizes of real estate companies. Established in 1984, Yardi is based in Santa
Barbara, California, and serves clients worldwide. For more information on how
Yardi is Energized for Tomorrow, visit yardi.com.