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We are also able to track tenancy on an everyday and weekly basis, which causes better management decisions and peace of mind for our clients. Waterfall Management has managed Job Based Area 8 properties considering that 1974 and presently handles 12 properties that have gone through HUD Preservation and 50 properties with Job Based Section 8 contracts.

Waterfall Management is the market leader in HUD task management and manages the biggest portfolio of residential or commercial properties under the umbrella of the Portland HUD Workplace. We understand there are numerous nuances with handling HUD programs, which is why Cascade Management has a devoted employee designated to dealing with HUD and tracking all regulatory changes.

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This not just impacts existing residents, however likewise positions a big time demand on website personnel. Our Compliance Group takes great pride in dealing with website staff and supporting them through this process. To this end, a lot of our current HUD lease-ups have happened within one day to no more than one month.

Finally, Waterfall Management is effectively versed in the procedures essential for getting HUD approval for a management agent transition. Waterfall Management currently handles 26 residential or commercial properties that include USDA Rural Advancement funding, the majority of with Rental Help. Budget plan development and complete program compliance with Rural Advancement's difficult policies are crucial in handling RD-515 multifamily housing and related programs.

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Working with residents to comply with present guidelines requires experience and capacity.  affordable housing management  utilizes a compliance specialist who is charged with Rural Advancement program compliance. Cascade Management even more has actually established a policy and procedure manual particularly for the Rural Development program to assist website personnel and guarantee consistent compliance.