The Compliance Department monitors the compliance of our many developments with Section 42 of the IRS Code. Every resident file is reviewed for compliance as soon as a development is leased up. Every year thereafter a percentage of the files are reviewed as well as a physical review of the property. These reviews continue for 15 years.

This department also administers these same reviews for many of our investor's portfolio that we are not a partner. These reviews are at the request of the investor and are subject to a negotiated contract.

Items that are checked during a file review include:

• Set aside

• Applicable Fraction

• Income Parameter

• Rent limit

• Utility Allowances

• Calculation of income and assets

Physical reviews:

• Structural condition

• Common area condition

• Apartment condition

• Preventative Maintenance

• Continued Maintenance

• Curb Appeal

• Occupancy