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Yardi Affordable – Stay Compliant Without the Hassle

Managing affordable housing properties comes with a long list of compliance requirements. But Yardi Affordable takes the headache out of it. It is designed to simplify compliance and management for properties funded by programs such as Project-Based Section 8, Section 42 LIHTC, Section 515 Rural Development, and HOME.

With Yardi housing compliance, you can track income limits, automate reporting, and manage subsidy payments within the same system.

About Yardi's Affordable Module

Thanks to the built-in Yardi housing compliance functionality, property managers can now customize compliance based on specific program requirements and multiple funding sources. It also promotes precise unit mapping for increased accuracy across subsidy programs.

This module allows for fast and well-documented payments by seamlessly integrating with iMAX, TRACS, and MINC. Here’s how Yardi Affordable housing compliance solutions benefit property managers:

  • Keeps LIHTC properties in compliance when households move between buildings, with automatic updates to max rent and income limits for Section 8 and HUD property management with Yardi.
  • Generates third-party verification forms while securely storing Personally Identifiable Information (PII).
  • Converts demographic and unit event data into multiple formats required by LIHTC state agencies.
  • It stores required lease addendums and property-specific compliance documents directly in the system.

For those seeking the best Yardi software for HUD and LIHTC compliance, this module offers an all-in-one solution to streamline property management and regulatory requirements.

Back-End Setup Compliance

Properly configuring Yardi HUD for low-income housing management is key to maintaining HUD and LIHTC compliance. Accurate setup of compliance rules in the Property Information record is crucial for avoiding costly errors.

  • Making sure that affordable housing properties follow the state rules for checking people’s eligibility every year.
  • Updating rent and income limits regularly to make sure you’re following the rules and avoiding mistakes.
  • Changing the utility allowance when needed for properties that accept Section 8 or HUD assistance.
  • Making sure that the units are correctly assigned to eligible tenants, especially under the HOME program.
  • Keeping track of required numbers for tax credit properties when transferring units.

Need assistance with setup? Our Yardi HUD compliance experts can guide you through the process.

Tenant Compliance

Affordable housing software with Yardi integration simplifies tenant compliance by automating key workflows and improving security with custom dashboards and restricted menu access for site staff.

Recommended workflow configurations include:

  • Restricting lease execution to designated supervisors.
  • Protecting sensitive tenant data. (PII & EIV Data Security)
  • Automating tenant eligibility verification for increased efficiency and accuracy.

Tenant Lifecycle

Automation is necessary when managing affordable housing. Yardi Affordable allows you to set up workflows from move-in to recertification that align with state and federal programmatic requirements.

Key processes include;

  • Automatically generating rent adjustment and recertification communications for streamlined, affordable property management with Yardi.
  • Automatically creating required forms like 50059s and Tenant Income Certifications, with income and asset data verified and uploaded by site staff.
  • Promoting self-service by allowing tenants to upload recertification documents through RENTCafe Affordable.
  • Automating notices and making sure that randomized selection processes meet regulatory requirements.

Accounting Compliance 

Interpreting affordable housing tenant ledgers can be complex, but our Yardi Affordable Housing solutions simplify the process. Making it easier for you to manage complex tenant ledgers and guarantee accurate financial reporting for affordable housing properties. 

Here’s what we can assess: 

  • Making sure that the tenant rent and HAP postings are correctly coded according to the subsidy types. 
  • Verifying that HUD subsidy reports match the General Ledger for accurate financial reporting. 
  • Seeing to it that utility allowance payments reflect the correct allocations.

Looking to fine-tune your accounting workflows? ND Consulting’s Yardi HUD compliance experts are always here to help! 

Why You Need the Affordable Module?

Choosing the right real estate property management software can make all the difference when it comes to affordable housing management. Yardi Affordable streamlines LIHTC, Section 8, and HUD property management by: 

  • Automating certification tracking by making sure that HUD and LIHTC forms are filled out correctly.  
  • Promoting seamless payment processing by entering the rent and subsidy information directly into HUD payment systems. 
  • By setting income and rent limits upfront to help prevent mistakes. 
  • Automatically giving reminders to staff to enter necessary demographic, income, and asset data based on program selection. This helps property managers remain compliant. 

If you’re on the lookout for LIHTC property management software, Yardi Affordable may be the best choice for you. Need help getting the most out of Yardi? ND Consulting is just a message away! 

Contact us for Expert Yardi Consulting Services.

Have questions or need expert guidance? Our Yardi consultants are here to help. Whether you require immediate Yardi system troubleshooting solutions or long-term strategic support, no project is too large or too small for us. We’re always prepared to provide the solutions you need. 

Call Us On:

404-590-8547

Email Us:

info@ndconsultingllc.com

ND Consulting is a nimble and highly responsive boutique Yardi Voyager consulting firm. We are well known as the Yardi Experts based on our expertise in solving Yardi problems. Our mission is clear—we help our clients to maximize the return on their Yardi investment. ND Consulting is a proud member of the Yardi Independent Consulting Network.

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