Yardi Simplifies Affordable Housing for Small to Mid-Size Organizations


Yardi Genesis2 for Affordable Housing includes property management, accounting, and subsidy compliance

SANTA BARBARA, Calif., Aug. 16, 2016 – Yardi announces the release of Yardi Genesis2 for Affordable Housing, a web-based property management solution customized for owners and managers of small to mid-size affordable housing portfolios. The new product adds affordable housing compliance to the Yardi Genesis2 platform.

“Genesis2 is a perfect match for organizations that need complete property management and compliance oversight with an easy, straightforward interface. We’ve had great success with Genesis2 in the market rate industry and are excited to bring this solution to the affordable housing market,” said Terri Dowen, senior vice president of sales for Yardi.

Yardi Genesis2 for Affordable Housing integrates with Yardi’s solutions for payment processing, paperless affordable housing applications, resident screening and more. “Genesis2 grows with our clients’ technology needs. For a minimal investment, our clients can create a platform capable of expansion with additional Yardi services,” said Dowen.

Kentucky affordable housing provider Southcreek Management Company is impressed with the new software. General Manager Jesse Mullis explained: “Genesis2 is much more reliable because it is cloud-based software hosted by Yardi. We no longer worry about servers going down due to a power outage or internet interruption. Genesis2 is always available from any location,” said Mullis.

Mullis sees Yardi Genesis2 for Affordable Housing as a cost-effective way to get the latest technology. “Genesis2 fits our budget and makes us more efficient. We can now spend more time working with residents and improving our properties and less time on manual, paper-based processes. It also opens up new opportunities, such as adding Yardi Maintenance Mobile™ to our technicians’ mobile devices,” said Mullis.

Yardi Genesis2 for Affordable Housing requires no database maintenance or data backup from clients. All data is cloud-hosted and Yardi handles all software updates and backups, so clients can focus on their core mission.

Clients can use Yardi Genesis2 for Affordable Housing to manage all major housing subsidies, including HUD 50059, Tax Credit, HOME, and Rural Development. “Yardi has decades of experience in affordable housing, and we’re excited about bringing our knowledge to new Genesis2 affordable clients,” said Dowen.

Log on to www.yardi.com/G2Aff to learn more about streamlined affordable housing solutions designed for smaller agencies.

About Southcreek Management Company

Formed in 1992, Southcreek Management Company is committed to delivering top quality results as property managers by providing full service management for affordable multifamily properties. Based in Lexington, Kentucky, Southcreek manages more than 1,800 units with subsidies including HUD 50059 and USDA Rural Development. The Southcreek team consists of dedicated, hardworking and efficient individuals with over 40 years of experience.

About Yardi

Yardi® develops and supports industry-leading accounting and property management software for all types and sizes of residential and commercial real estate companies. It offers web-based solutions for property marketing, online leasing, payment processing, insurance, resident screening and more. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com