Tenant File Reviews
Ensuring tenant eligibility is critical to affordable housing compliance.
Even one ineligible household can result in costly penalties and lost revenue.
The
Difference:
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Project Set Up Review: All review services will require submission of project specific documents and agreements. Our advisors will build a Property Information Database to help ensure the specific requirements are met.
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Monthly Risk Advisor Report: Stay ahead of compliance issues with insights on trends, flagged concerns, and actionable recommendations to strengthen your team and processes.
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Two Complimentary Correction Rounds: Each file includes up to two rounds of corrections at no additional cost.
Services
01
Preapprovals & Final Paperwork
Reviewing applications and back up documentation before move in can help avoid eligibility concerns and audit findings that are harder to correct down the road. We can review your files before move in within 1-2 business days of submission. We can also review the final move in paperwork to ensure final eligibility and compliance.
03
Acqusition-Rehab
Our process can help you not only with ensuring eligibility, but also tracking 100% qualified occupancy, and ensure set asides, and income/rent level requirements are met.
02
Annual Recertifications
Continued program eligibility is important! We can review all annual files, or a sampling to help ensure continued compliance with applicable programs.
04
LIHTC Investor Reviews
Compliance and tenant eligibility is one of the most important aspects for a LIHTC project - especially in year one. Our investor reviews focus only on the true eligibility and compliance concerns that could lead to loss of credits / recapture.