Yardi Affordable features built-in compliance functionality and supports the successful operation of properties with funding from the following programs: Project-Based Section 8, Section 42 LIHTC, Section 515 Rural Development, and HOME. Based on the program, Yardi allows you to “customize” your property with layers of compliance (if a property has more specific requirements or multiple funding sources) and the mapping of units. Affordable interfaces directly in the system with iMAX, TRACS, and MINC – making quick and easily documented payments possible. Here are more benefits of adding this module:
The most important component of setup in the Yardi Affordable module is the setup of Compliance rules. Rules and regulatory requirements (based on appropriate source documentation, like a Land Use Regulatory Agreement) must be entered properly on the Property Information record. This is the first, and maybe most important, step to running a successful affordable property. Here are a few back-end items that need to be completed:
Workflows can be built into the system to ensure that there aren’t compliance issues falling through the cracks. We can customize access to menusets and dashboards for site staff. Here are a few workflow items you’ll want to consider in your setup:
Yardi Affordable gives you the flexibility to automate certain functions to ensure that you are following applicable state and federal programmatic requirements:
The interpretation of an affordable tenant ledger can be tricky – here’s what we can assess:
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.