Compliance Services

 

TEAM Management provides compliance services for Section 42 Low to Moderate Income Tax Credit Projects.  This service can be provided on a consulting basis, as well as full service.  Our process includes ensuring compliance of federal and state regulations, proper and timely reporting, tenant income eligibility, and basic LIHTC program fundamentals.

 

Upon commencement of the compliance assignment, we will look at each tenant’s file to ensure that there are no discrepancies relating to Section 42 tax laws.  As your Compliance Monitors, our responsibilities would include, but not be
limited to:

  1. Compliance of Federal, State, and IRS policies/regulations
  2. Proper and timely reporting to the above agencies
  3. Certifying eligibility requirements of tenants
  4. Complying with Low Income Housing Tax Credit Program Fundamentals

Computer Software

 

TEAM Management takes a proactive approach to its operations by keeping
abreast of new and efficient ways to enhance reporting and control
procedures.

 

Our compliance monitoring software, YARDI, provides us with the highest
quality program for tracking Section 42 tax credits.  With this specially
designed software, TEAM Management is able to ensure all tax credits are
received and retained.

 

 

Other Services at Team Management