Flaherty & Collins Properties’ Compliance Department directs and monitors federal, state, and local compliance of approximately 4,000 affordable housing units and has worked extensively with the Indiana Housing and Community Development Authority (IHCDA), and its administration and monitors, as well as respective housing agencies in Georgia, Illinois, Kentucky, Michigan, Ohio, Tennessee, Texas, and Virginia.
All tax credit communities are visited by members of the Compliance Department regularly each month to review files and provide training, answer questions and provide assistance. In addition, all tax credit communities receive a 10% – 20% file review each month performed by Compliance Monitors.
Monthly Event Tracking Reports; lists all move-ins, move-outs, and re-certifications that occurred within that month.
Monthly re-certification notices are sent to all residents who reside in our affordable communities.
The Compliance Department consists of team members that are well trained and, as a whole, has earned the following designations:
HCCP – Housing Certified Credit Professional
COS – Certified Occupancy Specialist
COSP – Certified Occupancy Specialist for Public Housing
AHM – Assisted Housing Manager
LIHTC – Low Income Housing Tax Credit Specialist
TCS – Tax Credit Specialist
MORS – Management Occupancy Review Specialist