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Products : Loan Management : Section 8 Existing
Section 8 Existing is integrated with other MITAS modules, and has the software features and reporting to meet your needs.
Integration
Features
- Capture Hud Form 50058 and HUD Data Requirements Form Information
- Approve and Track Verification and Notices in Compliance with HUD Regulations
- Process Rent Increases/Utility Allowances
- Monthly Subsidy Amount
- Process Monthly Checks to Landlords/Vendors/Tenants
- Process IRS Form 1099s
- Track Family Self Sufficiency (FSS) Escrow Balances and Disbursements
- Automatic Check Request Capability
- Audit Income and Expenses on a Monthly Basis
- Reports Required by the Corporation
- Reports Required by HUD
- Process Inspection Reports
- Notices
- Annual Unit Inspection Reports
- Calculate Administration Fees
- Track Balances / Repayments of Repayment Agreements and Portability Billings
- Export to MTCS System
Reporting
- Verify/Calculate Assistance Payments
- Tenant Eligibility
- Waiting List; Renewal Letter; Auto Drop for No Response
- Required HUD documentation for Budgeting, Requisitioning and Reconciling Section 8 Subsidy Amounts Received from HUD and Paid to Developments
- Annual Requisition for Payments
- Annual Estimates for Subsidy
- Year-End Settlement Statements
- History of Annual Contributions Contract (ACC) and Balances
- ACC Amendments
- Program Utilization Reports
- Trial Balances
- Statistical Reports on Tenants' Personal Information, Subsidy Payments, Income and Expenses
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