HUD and Tax Credit Compliance can be overwhelming, especially considering the rules always change. US Housing Consultants offers a convenient, modern File Pre-Approval process that will put you on the path to proper compliance. Our analysts are all fully trained and current on HUD, Tax Credits, Public Housing, USDA/RD, and HOME Compliance. We focus on understanding how these funding programs interact when combined. Our analysts also learn each property’s compliance requirements because what matters most is ensuring each property meets requirements and expectations.
Your Resident Files Right Every Time For Any Funding Program
HUD and Tax Credit File Review and Approval
Ensure Compliance on your HUD and Tax Credit Files
Our file review and approval service allows you to submit files for approval through a secure system, and properties can be billed on-demand with a pay-as-you-go model or a fixed monthly fee.
• Clients upload resident files through a secure server website.
• The files are immediately placed in a queue for review.
• Our Compliance Analysts will review and respond, typically within 24-48 hours.
• If the files are missing items or are incorrect, the client receives an electronic
notification.
• Corrections are uploaded, reviewed, and cleared as they are received.
All documentation is permanently backed up on an encrypted online portal you can
access anytime.
Don’t Risk Expensive and Time-Consuming Non- Compliance Issues
The risk of non-compliance with affordable housing programs is particularly acute because issues can arise quickly. Property managers are very busy people. In addition to having folks coming in and out of your office all day, you have audits to prepare for and vacancies to fill. And let’s not forget that the rules are constantly changing, whether it’s new requirements for income verification, like HOTMA, or additional state standards. There is always a new challenge. There are so many ways compliance can go wrong. For example, how you phrase a question on an application can make the difference between eligible and ineligible. For the LIHTC program, the question “Are you a student?” won’t do. What you need to ask “Are you a student, or have you been for any period of the current year?” This slight difference in wording can make the difference between passing and failing a file audit or MOR. You can use US Housing Consultants’ HUD and Tax Credit File Pre-Approval for any number of services and applications:
• Move-In Approval
• Review and Approve All Certifications
• Periodic Quality Control Checks
• Workouts of Non-Compliance Issues
• New Project Rent-Ups
Dedicated Compliance Analysts For Each Property
Many clients say other file approval companies often need to provide more accurate information in their reviews. Knowing state and local requirements is vital to keeping a property in compliance. So, we assign our compliance analysts to individual states. This way, each of our analysts knows the state expectations and federal requirements. Most importantly, each property has a primary contact. The dedicated analyst for the property will work with the property staff to keep the property in compliance and stay up to date on specific requirements. In other words, each property gets more than an analyst – they get a partner.
On-Demand Web-Based HUD and Tax Credit Compliance Reviews and Audits
US Housing Consultants was the first in the industry to develop a completely on-demand web-based system for file review and compliance monitoring. You can submit requests for file approval, access files, and review comments from our team of compliance analysts at any hour of the day.
Our online compliance portal provides the following:
• An Easy-to-Use Website Interface
• Reporting on File Review and Property Compliance
• Permanent Storage of resident files
• All Data is Stored Using 256 Bit Shield Platform Encryption
LIHTC File Pre-Approvals
Ensure that every file completed for your residents is fully compliant before you file it away. It is an accepted best practice in the affordable housing industry to have an independent third party review your resident files before move-in. Checking every resident’s certification prevents expensive non-compliance before it begins. Establishing initial eligibility for new Tax Credit properties is critical to proper project compliance.
IMPORTANT
Before every family moves in, management professionals must review current income and, most importantly, correctly predict future household income changes. Because if a family’s income rises significantly in their first year, they could be ineligible at move-in. Get it right the first time and prevent costly issues.
