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Seasonal Employment | LIHTC Community

In this video Heidi explains seasonal employment in an LIHTC Community and how to calculate that income.

Next Gen Rent & Income Calculator | Preferred Compliance Solutions

Preferred Compliance Solutions is excited to announce the release of our new Next Generation Rent & Income Calculator.

YR 2020 Rent and Income
Calculator

Preferred Compliance Solutions is pleased to announce that the recently released Year 2020 HUD income limits have been migrated into the NextGen Rent and Income Calculator.  

I Love My Job by Simon Sinek

Court Ordered Child Support/Alimony In an LIHTC Community

Today, Heidi focuses on court ordered child support and alimony in a Low Income Housing Tax Credit Community. What documents are needed for the file? Watch to find out!

HOME VS. TAX CREDIT | Part 2

There are 7 main differences between the HOME program and Tax Credit program. Today, Heidi explains the last 4 differences. Check out part 1 of this video where we explain the other 3 differences between Home and Tax Credit.

HOME VS. TAX CREDIT | PART 1 | Preferred Compliance Solutions

There are 7 main differences between the HOME program and Tax Credit program. Today, Heidi explains the first 3 differences. Please tune in for part 2 this video where we explain the other 4 differences between Home and Tax Credit.

EFFECTIVE TERM OF VERIFICATION FOR BLENDED PROPERTIES

Today Heidi shares an example of using the most restrictive rule in blended properties.

NEW UPDATE: Documenting Income From Self-Employment

Today, Heidi is sharing an update on how to properly document income from self employment (not to be confused with income from a business).

Where Will This Lead?

While telecommuting, we invited our team members to develop a work/life balance in way that will allow them to become extraordinary effective.  In becoming extraordinary effective individuals, we must all choose one activity vs another.  

Introduction To Utility Allowance | LIHTC Community

Today's video is an introduction to Utility Allowances in an LIHTC Community. Heidi shares an example as well as some things to remember when it comes to Utility Allowance.

Signing The TIC In An LIHTC Community

In today's video, Heidi explains when to sign the TIC during the move in and re-certification process in an LIHTC Community.

UBER + LYFT | How To Document Income In An LIHTC Community

In today's video, Heidi will use good, better and best practice to explain how to best document income for UBER and LYFT drivers in an LIHTC Community.

All About The Tip Declaration

In today's video, Heidi is breaking down our Tip Declaration. She will discuss when this form should be used and how to select the option that best fits your file.

Are 401K Accounts Considered Assets In An LIHTC Community?

In today's video, Heidi explains 401K accounts and whether or not they are considered assets in the LIHTC application process.

Life Insurance Policies | Are They Assets?

In today's video, Heidi explains when to count/not count Life Insurance policies as assets in an LIHTC community.

ASSETS | When To Verify and When Not To | LIHTC

In today's video, Heidi explains when it is necessary/not necessary to verify household assets in an LIHTC community.

When to Document Student Status | LIHTC Community

In today's video, Heidi explains when it is necessary to document student status during the application process in an LIHTC community.

LIHTC STUDENT DEFINITION EXPLAINED

In Today's Preferred Compliance Solutions quick tip video, Heidi explains the student definition in regards to LIHTC communities.

Resident History On An LIHTC Application

In this week quick video, Heidi talks about the resident history section of the application. She mentions why this section is necessary and how much resident history is needed.

White Out And Compliance Forms | LIHTC Community

Today's quick tip from Preferred Compliance Solutions is all about white out and Compliance forms. When filling out Compliance forms in an LIHTC Community, when is it OK to use white out? Do you know the answer? Watch the video to find out!

Site Inspection and File Review by Preferred Compliance Solutions

It is that time of year, when your lender or syndicator has contracted our services to perform an onsite inspection and/or file review at your community. We have created this video to help you know what to expect and prepare for the date of our visit.

Year 2016 in Review | Preferred Compliance Solutions

This video was recorded to provide Preferred Compliance Solutions clients with a review of the year 2016 and to outline what they could expect for the year 2017.  It relates to services provided in monitoring properties with Low Income Housing Tax Credits, HOME, BOND, Project Base Section 8, and other affordable housing programs.

Zero Income Form VS. Unemployed Form

What is the difference between the Zero Income Form and the Unemployed Form? In this video, Heidi describes when each form is appropriate for use on file.

Application Assistance in an LIHTC Community

TIn today's video, Heidi describes how to proceed when an applicant cannot fill out the application and needs assistance.

Filling Out An Application in an LIHTC Community PART 1 | Quick Compliance Tip

In today's video, Heidi gives some tips to remember when completing the application in an LIHTC community. It's always great to refresh and get back to the basics!

Verifying the hire date in an LIHTC Community

In today's video, we discuss how to best verify the hire date with an employer during the application process in an LIHTC Community.

Documenting an Absentee Spouse in LIHTC Communities

In today's compliance training video, Heidi explains when and how to document an absentee spouse during the application process in  LIHTC communities.

Documenting Marital Status in LIHTC Communities

In today's Compliance Training, Heidi uses good, better and best to explain how to document marital status when completing the application process in an LIHTC community.

Documenting Income From a Business or Self Employment

While income from a business and income from self employment are not the same, in an LIHTC community they are typically documented in the same manner. In this video, Heidi discusses the "good, better and best" procedures for documenting income from a business and income from self employment.

Preferred Compliance Solutions Testimonials

Here is what clients of Preferred Compliance Solutions have to say about their experience working with the Best Compliance Program.  Preferred Compliance Solutions is a monitoring and advisory firm serving developers, syndicators, investors, lenders and management companies of the multi-family affordable housing industry.

Preferred Compliance
Solutions

Preferred Compliance Solutions is a monitoring and advisory firm serving developers, syndicators, investors, lenders and management companies of the multi-family affordable housing industry.

Documenting Resident Programs and Services

Did you know that during the funding application process, the owner of your LIHTC community agreed to provide specific resident programs and services? You may be wondering where to find the programs and services required for your community.

Extraordinary EFFECTIVE
Individual

"Extraordinary EFFECTIVE Individual" is the title that Jose Aponte, our President and CEO, gave to his Keynote Address at the 2015 AGPM annual gathering.  

Generic E-mail address on EV's
| LIHTC

A generic e-mail address is one ending in @yahoo, @gmail etc. In this video Heidi outlines when it is OK to use a generic e-mail address on an Employment Verification as well as during the application process for an LIHTC community.

Income Verification's Received by E-mail, Mail or Completed In Person

In this video, Heidi explains "Compliance BEST Practice" for income verification's that are received via e-mail, mail or completed in person.

Electronic Verification's of Income | Compliance Best Practice

In this video, Heidi explains "Compliance BEST Practice" for income verification's that can be printed from the employers internet income information source(Also known as electronic sources of verification's of income).

Full-time Students with Dependent Children in LIHTC Communities

The feature layout is built with flex, like the hero layout. Don’t like our typesetting? You can update every detail in the typography section of the Style panel.

Birth Certificates in Low-Income Housing Tax Credit Communities

In this video, Heidi explains one of the elements and "Compliance BEST Practice" for determining a child will be residing in the unit at least 50% of the time.  Why and when to place a copy of a child's birth certificate in the file.