Finding suitable housing at an affordable price point is a challenge. The rising housing costs and limited availability of subsidized housing has led to a crisis everywhere. However, innovative approaches and new policies are aiming to provide more accessible and affordable housing options for all.
E3 Housing is a company leading the way in expanding affordable housing access. Through their online platform, E3 Housing partners with property managers, real estate developers and local governments to provide the tools companies need to stay compliant and provide affordable housing solutions within their county. Property managers, owners and real estate developers have access to E3 Housing to revolutionize training in the Affordable Housing Industry.
E3 Housing also works to educate property managers, owners and real estate developers with eligibility requirements for subsidized housing programs like Section 8/HUD vouchers. Their focus is on streamlining the housing compliance process. E3 Housing believes that safe, quality and affordable housing should be a reality for all.
We will explore the important work E3 Housing is doing to connect property managers, owners, real estate developers and local governments to the requirements and how they have made it accessible to have affordable housing options in different communities. We will look at the current landscape of affordable housing needs and how E3 Housing’s training tools and resources are helping.
Property Management Mistakes
A) Property management is a complex job that requires various skills. Not giving employees proper training can lead to costly mistakes.
Only training new hires. Ongoing training is important for all staff, not just new employees. Experienced staff should regularly refresh and expand their skills.
B) Focusing too much on software/technical training.While software and tech skills are important, training should cover a wide range of topics like customer service, marketing, leasing, maintenance, legal issues, etc.
C) Not tailoring training to specifc roles. Training needs for leasing agents vs. maintenance staff will differ. Effective training is customized.
D) Offering only one-time training. Training should be continuous over an employee’s tenure. A single course upon hiring is not suffcient.
E) Not tracking/measuring training results. There should be ways to assess training outcomes like tests, surveys, monitoring performance metrics, etc.
F) Failing to get employee input. Ask staff about gaps in their skills or knowledge to identify training needs.
G) Not having clearly defned training requirements and protocols. Lack of structure around training leads to inconsistencies.
H) The key is to make training an ongoing priority and continually evaluate effectiveness and staff needs. Proper training is an investment that pays off in better performance.
Affordable housing management companies
A) Maintain detailed tenant records with income verifcations, lease agreements, rent payments, and other documentation as required by funding programs like LIHTC, HOME, Section 8, etc. Conduct timely annual income recertifcations.
B) Stay up-to-date on changing rules and requirements for affordable housing programs at the federal, state, and local levels. Sign up for newsletters, take HUD trainings, and work closely with your local housing authority to aid in the housing Services and Solutions.
C) Create detailed policy and procedure manuals covering all compliance-related processes. Ensure staff are properly trained and understand all policies.
D) Use specialized affordable housing compliance software to track key dates, information, and compliance tasks. Set reminders for inspections, reports, and recertifcations.
E) Conduct regular internal audits and mock fle reviews to identify any compliance issues or inconsistencies. Maintain detailed audit trails.
F) Address non-compliance issues quickly through corrective action plans. Self report to oversight agencies as required.
G) Maintain open communication and strong relationships with funding partners like lenders and housing authorities. Seek guidance on any ambiguous compliance areas.
H) Keep immaculate paperwork with well-organized tenant and property fles. Respond promptly if audited.
I) Stay up-to-date on the latest best practices in affordable housing compliance by attending training, joining groups, and networking with peers.
J) Compliance may seem complicated but taking a proactive and organized approach is key for affordable housing managers. Let us know if you need help ensuring your properties stay in regulatory compliance.
Housing management services
A) Compliance Management – Ensuring properties adhere to all regulations and requirements of funding programs like LIHTC, HOME, Section 8, etc. This includes fle audits, staff training, and liaising with oversight agencies.
B) Leasing & Tenant Management – Marketing vacancies, processing applications, certifying eligibility, handling leases, collecting rent, addressing complaints, and overseeing recertifcations.
C) Maintenance Oversight – Coordinating with maintenance staff to address work orders, preventive maintenance, unit inspections, capital repairs, and property condition standards.
D) Financial Services – Developing operating budgets, managing operating expenses, processing payables, collecting rent, providing fnancial reports to owners.
E) Inspections – Conducting property inspections (REAC, UPCS, lead-based paint, accessibility, etc.) and addressing any defciencies. Maintaining inspection records.
F) Reporting – Preparing and submitting compliance, occupancy, and fnancial reports as dictated by funding programs and investors.
G) Staffng – Hiring, training, and overseeing skilled onsite staff to handle leasing, maintenance, and tenant issues.
H) Insurance & Taxes – Procuring adequate insurance coverage and providing accounting for taxes and owner distributions.
I) Record-keeping – Maintaining accurate records on tenants, fnancials, compliance, maintenance, etc. per program guidelines.
J) Asset Management – Developing capital plans and overseeing renovations, property repairs, cost-containment initiatives, and sustainability improvements.
With our expertise in affordable housing program management, E3 Housing helps properties operate effciently, maintain compliance, and create quality housing for
residents through affordable housing solutions for property managers, owners, real estate agents and local governments.