The Barcus Company, Inc. specializes in the management of HUD-insured Section 8 affordable housing and recently has added credentials for housing tax credit management.
Comprehensive Regulatory Compliance:
It is simply not possible to successfully manage and administrate the operation of HUD multi-family real estate without a keen understanding of regulatory requirements on many different levels. The Barcus Company prides itself on its track record of strict adherence to regulatory requirements on federal, state, and local levels. Our focus on the constantly changing body of regulatory material provides our clients the comfort of knowing the operation of their property is always executed with strict regulatory compliance in mind. The results of our work are reflected in highly satisfactory MOR ratings, high REAC scores, and independent audits with no findings.
Program Experience and Expertise:
- 236
- 221(d)(3)
- 221(d)(4)
- 202/811 PRAC
- 202/8
- 223(f)
- 223(a)(7)
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- PHA programs
- LIHTC
- Vouchers
- Project based section 8 (HAP)
- Elderly
- Family
- Handicap
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Specialized Management Services:
In addition to the standard package of our general management services, HUD program management includes:
- MOR preparation and response
- Physical REAC inspection preparation and response
- All HUD correspondence, record keeping, and reporting as required
- Occupancy and other regulatory compliance
- Rent Comp Study initiation and analysis
- HAP/PRAC renewals
- Rent change implementation
- Audit engagement, coordination, and review
- Maintaining Tenant Selection requirements
- Budget-based rent increases
- Reasonable accommodation administration
- Maintain program eligibility requirements
- Excess Income reports
- Escrow and reserve funds management
- Subsidy vouchering
- Specialized software utilization and maintenance
- OCAF implementation
- 2530 clearance updates (APPS)
- Enhanced Services
- Troubled property workouts
- M2M Restructuring
- Special refinancing
- Special accounting, records and reporting
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