Products : Loan Management : Section 8 New Construction

Section 8 New Construction is integrated with other MITAS modules, and has the software features and reporting to meet your needs.

Integration

• Project Billing and Reporting
• Escrow Tracking and Reporting
• Financial Reporting
• Mailing List Manager

Features

• Verify/Calculate Assistance Payments
• Monitor Development Compliance Regulations
  • Corporate
  • Federal
  • State
• Oversee Development Operating Budgets
• Create / Maintain Statistics on Tenant and Development Data
• Capture HUD Form 50059 Information
• Capture HUD Data Requirements Form Information
• Process Rent Increases / Utility Allowances
• Auditing using HUD Defined Chart of Accounts
  • Monthly Operating Account
  • Annual Financial Statements
• Monitor Service Contracts
• Import / Export TRACS Data
• Ability to Maintain Tables for all Limits

Reporting

HUD Required Reporting Documentation including Budgeting, Requisitioning and Reconciling Section 8 Subsidy Amounts Received from HUD and Paid to Developments

• Inspection Reports including Monthly Property and Annual Unit
• Statistical Reports on Tenants' Demographic Information, Subsidy Payments, Cash Flow
• Monthly Subsidy Vouchers
• Profiles on Tenant Data