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Mileage as a Medical Deduction for Qualified Section 8 Tenants

When I attend the TRACS Industry meetings (and depending on the conversation) I usually hear attendees advocating for the property managers of affordable housing. Things which resonate to me: “What would make things easier for the property managers?”, “that is making it complicated and too burdensome on the property managers!”. It makes me feel good […]

EIV Policy for Tracking Repayment Agreements to HUD

What a burden these EIV reports are…now I got to track these repayment agreements??? How long does the tenant have to repay the amount they owe back to HUD? What if the tenant owes a ton of money, can I just have a EIV policy which states a maximum amount in which an owner will […]

New TRACS 202D Release & Implementation Schedule

Based on the most recent TRACS industry meeting, we were told about the new schedule for the release of TRACS 202D. As always this schedule is subject to change but for now the scheduled stands:

Vendor Testing is to commence on: December 1 – This means that the affordable housing software vendors, Contract Administrators and […]

October TRACS Industry Working Group Meeting

Our TRACS industry meeting began on a sad note: Willie Spearman, Gail Williamson and Deb Lear have announced their retirement from HUD. These three individuals have made large contributions to the multifamily housing industry. They will be sorely missed!

Also discussed at the TRACS industry 202D working group meeting last week was how to address […]

CA’s obligation to reconcile the Voucher with the property

In the past year or so I have had two clients who after several months of having their vouchers revised by their CA, were not given any reason for the revision and when they inquired as to why their voucher was revised they were simply told to “figure it out on their own”. I got […]

Removal of SSN from tenant files

Although this is not yet a requirement, it is obvious that there is a push in the affordable housing industry to reduce the amount of times the SSN is disclosed in the tenant file to minimize the risk of identity fraud. We were told during a recent TRACS Industry meeting that the SSN will not […]