Affordable Processing & Management

Compliance

Better living is ensuring that talented people's skills are used to their maximum potential.

RightSource Compliance provides affordable housing program expertise to ensure ongoing compliance management and processing services for owners, operators and investors. Our experts hold industry compliance certifications including HCCP, COS, HCM-HF, AHM, SCHM and TACCS. This solution takes the burden of everyday affordable compliance off of your staff, allowing them to focus on initiatives that further the quality of resident services and the business’s development goals.

WinnResidential selected RightSource to support compliance operations by auditing its site certification files and delivering critical file restoration functions to ensure ongoing compliance with all applicable regulations. By applying industry leading practices, RightSource provides organizations the tools and services necessary to restore full compliance at troubled or distressed sites. As a result of leading practice and file restoration efforts, WinnResidential received satisfactory scores on the next year’s audit.

RightSource provides ongoing TRACS and certification file review and approval services in all 50 states to ensure timely voucher payments and compliance assurance. Our compliance services enable organizations to shift from manual, paper-based forms to online, web-based technologies while reducing compliance error rates from 5% to less than 1%. As a result of partnering with RightSource, our clients reduce total compliance monitoring costs while eliminating their tax credit liability because we assume the risk while keeping you in compliance.

Download Compliance Services.pdf

Ongoing Compliance Telephone and Email Support

  • Available to your site a corporate staff at any time during business hours
  • Receive expert support on tricky, grey areas of compliance issues

Single family REO Audit and Regulatory Assurance

  • Ongoing Fair Housing review and assurance services of marketing, application, and leasing decisions
  • Online audit tools providing compliance assurance for clients and industry partners wherever and whenever throughout the United States
  • Display regulatory requirements for property acquisition, management, and disposition to proactively mitigate risk – not just react to a compliance issue
  • Real-Time Regulatory Monitoring featuring proprietary software algorithms to flag real time changes of compliance codes in over 1000 municipalities nationwide
  • Onsite physical inspection of assets for adherence to health and safety and other physical regulatory requirements

General compliance transaction consulting Yardi Voyager® Property Setup

  • Set-up new properties within your property management system
  • Enter existing residents at time of acquisition
  • Enter Move in certifications and Current year certifications
  • Enter pertinent financial data for financial reporting

Resident File Audit, Reorganization and Restoration

  • Audit files on a recurring basis to ensure compliance
  • Reorganize files at time of acquisition per your company’s policies and procedures
  • File Restoration (correcting file findings)

Lease-up assistance (onsite or remote) Monthly TRACS processing

  • Process and submit voucher in a timely manner
  • Review and resolve discrepancies with the Contract Administrator

EIV Monitoring, Investigation and Resolution

  • Run reports on-time, per all government regulations
  • Review reports and flag potential findings
  • Investigate findings
  • Resolve findings and make recommendations about next steps, including payment arrangements per HUD Regulations

Ongoing file certification review and approvals with real-time internal audits across many affordable program types

  • 24 hour turnaround guaranteed, option for 8 business hour rush review
  • Move-in, Annual Recertification, Interim Recertification, Termination, etc.
  • Review and audit each file
  • Data entry and database management in many different property management platforms

Applicant Screening

  • Criminal and Credit Screening and initial tenant selection decisions

Annual/Quarterly Reporting

  • Annual Tax Credit Reports
  • Bond Reports
  • HOME Reports

Affordable compliance management services include:

  • TRACS
  • EIV Reporting
  • Yardi Voyager® property setup
  • Single family REO audit and regulatory assurance
  • General compliance transaction consulting
  • Resident file audit, reorganization and restoration
  • Ongoing file certification review and approvals with real-time internal audits across many affordable program types
  • 24 hour response time on all file reviews
Yardi and Voyager are registered trademarks of Yardi Systems, Inc. Opinions expressed here do not represent those of Yardi Systems, Inc.

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