Happy Holidays! Join us in welcoming Rebekah Lopez to the Compliance Department! A few things to remember coming into the new year: Cost of Living Adjustments Social Security had a Cost of Living Adjustment (COLA) effective January 1, 2019 of 2.8% Minimum Wage Increases 2019 California Minimum Wage is $12.00 – Effective January 1, […]
Compliance Update 2019: Wage and COLA changes Read Post »
Hello Managers, These updated cheat sheets for TAX, HUD and RD required forms will help you as a quick reference in determining what documents are necessary when completing your move-in and annual re-certifications. If you have any questions, please contact our Compliance Department. TAX required forms HUD required forms RD required forms Thank you!
TAX, HUD & RD Required Forms Cheat Sheets Read Post »
Hello Managers, Please see the new attached Self Employment Income Verification form. This form will be required for any adult household member that lives on an affordable property (Tax-Credit, RD, & HUD) and claims self-employment as an income source. Please read through this form in its entirety as it will guide you and your resident/applicant as
Self Employment Verification Form Update Read Post »
Please see these step by step EIV Report Instructions on running your monthly reports. If you have questions, please contact our Compliance Team.
EIV Report Instructions Read Post »
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
2016 MOR Guidelines Read Post »
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
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.
What Are They Saying? Read Post »
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
Yardi File Approval Process (Date Completed) Read Post »
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
Compliance File Submittal — New Process Reminder Read Post »
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
Compliance Tip — Social Security COLA Announced for 2016 (No Changes) Read Post »
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
Social Security Award Letter Request to Distribute to Residents Read Post »
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
Compliance Tip — Calculating Employment Income Read Post »
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
Find out what the most common physical findings are when your property is participating in an audit.
Compliance Memorandum: 20 Most Common Physical Findings During An Audit Read Post »
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.
Obtaining Social Security Verifications Read Post »
