Compliance Enforcement

 

Bostonpost Property Manager® simplifies and automates the forms and filings process for HUD, USDA, and Tax Credit properties.. All required certification forms are produced for each certification event for mixed subsidy properties.

 

Compliance engine

Bostonpost Property Manager® ensures compliance with income set-asides across multiple funding programs by auditing user selections and actions. Move-ins, transfers, household member changes, and income changes are reviewed by the Compliance Engine, and diagnostics are returned to the user. If any compliance tests fail, the action initiated by the user cannot be completed.


Compliance Engine validation messages

Compliance Engine

 

HUD Compliance

  • 50059 Certifications;
  • 52670 HAP Voucher Requests;
  • Electronic submissions to TRACS;
  • HUD multifamily subsidy processing;
  • Recertification process with ready-to-use document templates and automated follow-up.

Sample HUD 50059 Tenant Certification

 

 

USDA RD Compliance

Sample USDA 3560-8

Sample USDA Certification

Sample RD 3560-29 Project Worksheet Part lI and example of a form printed from Property Manager:

 

 

Section 42 LIHTC Tax Credit Compliance

 

When an LIHTC property is set up, Bostonpost Property Manager® will ensure that community, building, unit, and tenant information is valid according to Section 42 LIHTC rules, and it will monitor property management activities related to move-ins, available units, income limits, waitlist, and rent calculations to enforce tax credit compliance.

LIHTC compliance features include:

  • Stopping ineligible move-ins and transfers with an online compliance engine;
  • Managing move-ins properly for multiple set-asides and applicable fractions;
  • Calculating low income limits and maximum tax credit rents;
  • Generating detailed compliance audit reporting;
  • Storing utility allowances for each property;
  • Defining multiple set-asides by property or building and for fixed or floating units;
  • Verifying income eligibility of applicants;
  • Monitoring the 140% and 170% income rules;
  • Generating alerts to guide compliance with next available unit and student rules.

LIHTC Tenant Income Certification

 

Define Multiple Income Layers (set asides)

Any number of income layers or set-asides can be defined for a building or property. This provides the flexibility needed to track multiple subsidy programs for any property with one application.


View of income layers, multiple funding programs and set asides: