Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector. In fact, over 60% of our 50,000+ residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.
In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria: Section 8 properties with project-based contracts; Section 236 properties in need of rehabilitation; Section 42 LIHTC properties with expiring low-income restrictions; Section 515 FmHA properties with loans that can be prepaid; or other assisted properties, including HODAG, HOME, federal or state-financed public housing.
Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants. Given our 42 years of experience in debt and equity financing – as well as our extensive management of government-assisted properties – we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena. In addition, with our extensive development experience, we bring the knowhow to expertly rehabilitate the units, thus assuring the continued viability of these projects for years to come.
Affordable housing apartment complex in Bridgeport, CT is seeking a Recertification Specialist to join their team.
Responsibilities will include:
Processing initial, annual and interim re certification's, in addition to retroactive rent-calculations while conforming to HUD regulations and HPD guidelines. Handling calculations for tenants with complex businesses and providing management with tenant relations. Additional task include; calculating rents for annual and interim re certification, identifying households with income reporting discrepancies and making rent-adjustments, reviewing applicant files and determining Section 8 eligibility.