EIV Report Instructions
Please see these step by step EIV Report Instructions on running your monthly reports. If you have questions, please contact our Compliance Team.
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2016 MOR Guidelines
As you are aware, HUD reestablished the MOR Reviews in 2016. A few of our HUD properties have gone through them now, and we learned a lot through the process! Please see the attached 2016 MOR Guidance bullet points for a summary of the changes that were implemented, as well as information learned. Questions? Please contact the
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Affordable Housing
Go Stop Yield
As part of our Compliance training at Symposium 2017, we played the Go Stop Yield game. Please use this attachment as a refresher, or a training tool for new employees. The game is full of Eligibility and Program rules for all 3 programs. Become an expert! If you have any questions, please contact our Compliance Department, they will be
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What Are They Saying?
Our Compliance Department has compiled a list of common audit and compliance findings from this year’s audits, as well as the top internal compliance correction findings to help you achieve more First File Approvals and successful Audits.
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Affordable Housing
Yardi File Approval Process (Date Completed)
As a friendly reminder, when the Compliance Department sends a FAFF for a file – whether attached in Yardi or you have faxed it to the compliance fax line — we will add Date Completed to the approved file within one (1) business day. Typically, we would add the date completed within hours of the
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Affordable Housing
Compliance File Submittal — New Process Reminder
Review the “Old vs. New Process” reminder sheet for compliance files and Yardi below. Compliance File with Yardi — old vs new process As always, please feel free to contact the Compliance Department with any questions. Kristin Strong p: 503.450.0231 e:kstrong@cambridgeres.com
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Compliance Tip — Social Security COLA Announced for 2016 (No Changes)
Monthly Social Security and Supplemental Security Income (SSI) benefits will not increase at all in 2016, the Social Security Administration announced today. Please note this also applies to Veterans Benefits. Should you have any questions, please feel free to contact the Compliance Department. Kristin Strong p: 503.450.0231 e:kstrong@cambridgeres.com
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Affordable Housing
Social Security Award Letter Request to Distribute to Residents
It is that time of year again; please review, print and distribute the attached notice below to households with Social Security income on or before November 1, 2015. Although there is no COLA increase this year, it is important that current Social Security award letters are obtained for certifications (not to be dated more than
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Affordable Housing
Compliance Tip — Calculating Employment Income
As you know, for all properties in Oregon and California, there are three (3) calculations that you are required to do on the Income Worksheet for employment income: Per Employment Verification Per Highest Paystub Per YTD Annualized Income 1.For the first calculation (Per Employment Verification), simply take the hourly rate and number of hours
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Affordable Housing
Special Rules for First Term Move-Outs: Tax Credit & Rural Development ‘Combined Communities’
For communities that have both Rural Development Funding and Low Income Housing Tax Credits, if the tenant moves out before the expiration of the initial one year lease we are to charge rent through the end of the lease. This allows us to stay in compliance with the Low Income Housing Tax Credit program which
Affordable Housing, Memorandum
Compliance Memorandum: 20 Most Common Physical Findings During An Audit
Find out what the most common physical findings are when your property is participating in an audit.
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Obtaining Social Security Verifications
This memorandum is regarding various methods to obtain Social Security Verifications. Whenever you receive one of these compliance memorandums, please save and/or print and keep copies to refer to when processing compliance paperwork.
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Dates on File Paperwork
As a friendly reminder, when reviewing and preparing files it is important to ensure the following: For Tax Credit and HUD properties, the move-in and effective dates should match on page 1 of the TIC for move-ins. For RD properties, effective date of the TIC must be the 1st of the month (and the 1st
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Recertification and Preventative Maintenance Reminders
You should now be close to completing all recertifications due on April 1, 2013 in order to allow for a 30-day notice to be sent to those who have not responded to your 120, 90 and 60-day recertification reminders. For those who still have outstanding recerts due for March 1st or sooner, please submit them
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Affordable Housing
Dates on Move-In Compliance Files
When reviewing and preparing move-in files, it is important to ensure the following: For Tax Credit and HUD Properties Move-in and effective dates should always match on page 1 of the TIC for move-ins (see first Example below). The move-in date on the Rental Agreement should also match the move-in and effective date of the
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