Yardi Adds HUD 50059 Compliance to New Yardi Beacon Product Offering

Electronic certification of affordable and public housing residents is made easier

SANTA BARBARA, CALIF., April 16, 2012– Yardi today announced the addition of HUD 50059 compliance to the new Yardi Beacon™ software solution. Key features include an easy IMAX transmission process compliant with TRACS 202C, a HUD compliant waitlist, a HUD 50059 form and a HUD 52670 HAP Voucher request. Other new features include HUD special claims worksheets, a HUD 93104 excess income report for Section 236 properties, automated gross rent changes, automated utility reimbursement payment process, and a full featured letter writer program with customizable recertification letter and HUD model leases.

Affordable housing owners and managers and public housing authorities are required to certify residents for compliance electronically, which can be a complex process. The presence of HUD 50059 in Yardi Beacon makes this process easy and complements current compliance solutions that include Section 42, Low Income Housing Tax Credit, HOME, HUD 50058 for Public Housing and Housing Choice Vouchers.

”The recent addition of HUD 50059 compliance to Yardi Beacon is part of a strategy to create products and services that meet our clients’ need for a practical, cost effective solution,” said Mark Livanec, vice president of affordable housing and PHA sales for Yardi.

Yardi Beacon automates features of property management, compliance, resident, financial and maintenance management with an integrated general ledger including accounts payable, accounts receivable and journal entries. Resident management features include leasing, work orders, wait lists, letter management and a comprehensive list of standard reports. Optional resident screening capabilities help affordable housing managers consistently select and retain low-risk residents.

As an integrated, Web-based software solution, Yardi Beacon is deployed as a Software as a Service. It provides a single-source, centralized system that saves clients time and money, reduces compliance risk and eliminates the need for a separate general ledger.

About Yardi

Yardi has been committed to the design, development and support of real estate management software for 30 years. Yardi offers one of the most comprehensive property management software platforms on the market today, including a family of products designed specifically for public housing and affordable housing. Click the following links for more information on our public housing software and affordable housing software.

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