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Affordable Housing Compliance & Property Management Services
We help managers manage from clerical to cleaning!
Get 20% off this month when you try our services!
We help managers manage from clerical to cleaning!
Our staff provides full tax credit compliance review and will examine all elements of tax credit compliance, including a review of set-aside requirements, rent levels, utility allowance documentation, income limits, employee units, optional fees, file storage policies, available unit tracking compliance, and fair housing accessibility compliance.
Resident files from will be reviewed for procedural compliance with the tenant certification and verification requirements of the Section 42 program and other affordable housing programs including HUD Section 8, (PBRA & PBV), HUD 202, HOME & VASH. Each file is reviewed for the purpose of determining whether the property meets the compliance requirements of all programs.
We provide a detailed audit of all resident files that basically examines every document in each file in order to ensure compliance with local, state and federal regulations. This review is designed to identify both eligibility and compliance issues.
Each file is examined for eligibility including recertifications, file organization and document dating.
Our experienced staff can assist with issues like first-time lease ups, annual recertifications, State and HUD Audit preparations, audit corrections, 8823 submissions, unit turns and other maintenance needs.
Tax Credit (LIHTC) & HUD Compliance Training
MRS Consultants provides Tax Credit (LIHTC) & HUD compliance training to groups and individuals. Our one-day on-site training seminars instruct participants on all the must-know elements of compliance.
We can train a group of 25 people for a fraction of the cost that other compliance companies charge. Whereas our competitors typically charge thousands of dollars for a single day of training, we offer ours for only $450 a day.
If you’ve already received a compliance overview but need help with one specific aspect of compliance, then our customized training would be best for you. With this type of training, we offer specialized one-on-one instruction.
Ensure Compliance on your HUD and Tax Credit Files
MRS Consulting offers a convenient, modern HUD and Tax Credit File Pre-Approval for proper compliance with HUD, Tax Credit, Public Housing, and HOME. As well as complete file audits in preparation for state audits, investor audits and MORs.
BGM Management Group has experienced staff that specializes in affordable housing leasing that may or may not be HUD funded. We assist with REAC Inspection and HQS inspections preparations. We can even make ready and turn vacant units.
Our experienced staff can perform every aspect of the property management needs; from clerical to cleaning.
Having a separate set of eyes to review each files aside from your onsite staff is important. Onsite staff may sometimes get too comfortable with the day-to-day operations and can easily overlook or make a simple mistake that can cause the owners their credits.
This also keeps all the resident files in your portfolio very consistent with how income and assets are verified. Plus it frees up the site manager to concentrate more on leasing, customer service, and resident retention.
Remember compliance is critical to the owner retaining their tax credits on a property. The compliance specialist or auditor makes sure that every file is reviewed consistently and is in the proper order to comply with the requirements.
Don't Risk Expensive and Time-Consuming Non-Compliance Issues
We will review tenant files to verify that each resident’s income matches up with their cost of rent, and we check these factors against the area income limits.
You can use MRS Consultants' HUD and Tax Credit File Pre-Approval for any number of services and applications:
HUD 4350.3 Handbook
IRS 8823 Guide
HOME Funds Guide
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Monday - Friday: 9am - 5pm
Saturday: By appointment
Sunday: Closed
Along with providing services to the affordable housing community, MRS Consulting, LLC also supports a local non-profit community service organization (Storehouse Ministries, Inc.) www.storehouseministriesinc.com that provides much needed services to the homeless community.
Your support and contributions will enable us to meet our goals and improve conditions for these individuals and families.
Your generous donation will fund our mission and are tax deductible in the Richmond, VA area.
Homelessness and Hunger have no color
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