LEDIC’s Compliance Services Department is one of the leading industry experts at affordable housing compliance. Both lender and resident needs are met in a highly regulated and time-tested manner. Owner needs are served even further by LEDIC’s approach – reducing owner risk while maximizing a property’s value over its tax credit lifetime and beyond.
Owners of affordable housing properties can’t afford to wait for bad things to happen.
That’s why LEDIC’s Compliance Services Department is both proactive and thorough in approach. We understand that to be truly successful in property management, it’s crucial that all our employees continue to be tested under fire in all types of challenging situations. We see more varied property types and conditions than would ever be possible in a primarily owner-managed environment. For owners of affordable housing, hiring LEDIC’s Compliance Services Department is smart and rewarding.
REGULATORY COMPLIANCE
- Our highly specialized Compliance Services Department (including a number of Housing Credit Certified professionals) helps you address issues associated with the Low Income Housing Tax Credit program, tax-free bond financing programs and all employment-related regulations.
- Focus on continual compliance with municipal, state and federal guidelines (through due diligence reviews, pre-purchase site inspections, periodic compliance reviews of new resident move-in and re-certification files, and tax-exempt bond and Low Income Housing Tax Credit reporting).
- Training and updating of on-site staff on tax credit and bond compliance issues by our Compliance Services Department professionals and nationally recognized compliance experts.
RISK MANAGEMENT
- Established procedures and precautions to minimize owner exposure to risk.
- Aggressive rate negotiation with LEDIC’s insurance carriers.
LEDIC manages more than 5,000 units in properties that require compliance with various governmental regulations, including IRS Section 42, IRS Section 142 as well as HUD requirements – and is capable of significantly growing this area of business in the immediate future.
STAFFING, TRAINING AND EDUCATION
- Complete Human Resources administration, including pre-employment screening, payroll, benefits administration and more.
- Some of the best training in the industry through LEDIC University. From Site Managers to Accounting, every LEDIC employee is taught the ABCs of management as well as the latest technology for reporting.
