SCT Compliance, can assist you with consulting for all Affordable Housing Compliance Programs.
- MARKETING
& LEASE-UP-
SCT will coordinate meetings with developers, city/state agencies and management involved to discuss and agree on specifics of the development (i.e. regulatory agreements, procedures, expected occupancy, etc.)
SCT will generate a Marketing Plan and assist in the development of advertisements that comply with the required platforms by the city and agency state. SCT will compile all application requests to keep track of all application mailings.
Screening of applicants assigned by NYC-HC to determine eligibility.
Processing of each qualified applicant, collecting all required documents and forms, submitting documentation to the required city/state or third party agencies for final approval. SCT may schedule lease-signings and move-in upon owner’s request at a separate fee.
Affordable Housing Re-Rentals/Mini Lottery
- COMPLIANCE MONITORING REPORTS -
SCT can generate, review and submit annual, quarterly and monthly reports to meet the requirements of the agency’s program rules and regulations such as Owners Annual Certifications, TDS, Quarterly Electronic Rent Rolls & NAUR reports. Our team can ensure your staff make the necessary corrections to such reports.
- LIHTC & HUD COMPLIANCE SERVICES -
Tax Credit Eligibility Review
File Review and Corrections
Full Tax Credit Compliance/Section 42
We will review each resident file to determine whether the property meets the compliance requirements of tenant qualification and documentation in accordance with the rules and regulations of the IRS/ Section 42 Program. SCT will examine all aspects of tax credit compliance, including confirmation of set-aside requirements, review of special set asides; examination or place in service date relative to lease up deadlines; analysis of the applicable fraction requirement for mixed income buildings will be completed. Confirmation of, rent levels, utility allowance, income limits, NAU rule tracking compliance is included in our services. SCT will also examine housing accessibility compliance. In the event of multiple financing programs are used, we will ensure your property complies with requirements for all applicable programs
- ANNUAL REGISTRATIONS - DHCR -
SCT can provide assistance on registering the rents of your property with DHCR annually. We will review the rents to ensure your units are in compliance with rent stabilization code. If a property owner fails to properly register their rent, they can lose the right to collect rent increases as well as liability for up to treble damages on overcharges.
- SOFTWARE COMPLIANCE -
(Affordable Setup & Implementation of 50059, Tax Credit & HOME Programs)
SCT can help you setup and implement the HUD, LIHTC, HOME affordable module for proper tracking of your resident files compliance. A thorough review of income and assets of all initial files, move-in files will need to be verified to upload the correct data into your company software to avoid non-compliances.
– Set up Income Limits, buildings, units, project rules, and other requirements. We will review your system setup and provide you with guidance or update the system to bring your properties back into compliance.
Setup & Implementation (NYS HCR-Rent Stabilized Leases)
VIOLATIONS
SCT has partnered with Empire Associates Consulting LLC who are highly skilled professionals who represent our clients for violations issued by DOB, ECB, FDNY, DSNY, HPD, DOH and DEP agencies.
- TRAINING & DEVELOPMENT -
- Software Training on HUD 50059/LIHTC initial certifications, recertifications, move-ins, lease renewals and DHCR registrations.
- Customized Training of Income and Asset calculation
- File setup for successful audit ratings
- TAX CREDIT CONSULTANT -
- First year lease-up assistance
- Pre-approvals for move-in
- Forms review and development
- Policy review and development to meet your company’s specific needs.
- LIHTC audit response assistance
- File maintenance
- Waiting list maintenance
- Completion of quarterly and annual reporting requirements for investorsand state housing finance agencies.
- Completion of Affirmative Fair Housing Marketing Plans (AFHMP) and revisions. Tenant Selection Plan (TSP).
- Correction of non-compliance issues/open 8823s.
- Correction of HQS failures.