New Alternatives offers you the benefit of 25 years experience in HUD subsidized property management. This includes Section 8 contract administration, regulatory compliance, contract negotiation, liaison with government and private entities, interpretation and application of government regulations and laws, financial and compliance analysis, Section 504 Handicap Accessibility surveys, on-site reviews of management operations and full property management services. We also prepare competitive applications for HUD Section 202 and Section 811 grants and other HUD and State Agency programs and assist owners in the process of evaluating available refinancing options and mortgage placement.
General Consulting
We provide a broad range of services to address your particular needs from filling out forms to interpreting and implementing policies and procedures.
- Consulting on how HUD's Regulations apply to you, what you need to do to comply with them, and benefit from them to the fullest extent
- Assistance with the Transfer of Physical Assets (TPA) process for property sales
- Assistance with federal, state, and local government issues
- Assistance with general operating issues and compliance with HUD and State Agency program regulations
- Assistance with grant applications.
- Research grant opportunities.
On-line Education & Training:
We offer the first on-line Occupancy training program (OPCP) other on-line training topics in the housing and related fields and design of training programs to meet client specifications.
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- Occupancy Professional Certification Program
- Client relations
If you have questions or would like to receive a brochure, send inquiries to info@newalt.net. You can also register by clicking on the following link to Flex Training:
Seminars & Workshops:
Prepared seminars on a wide range of HUD topics including regluatory, management and personal development topics.
- Occupancy Professional Certification Program: This program provides "on demand" training through distance learning for front line personnel involved in subsidy administration.
- A wide range of training and seminars on HUD related topics, like the Occupancy Manual, Service Coordination, and the Section 504 process.
- Public speaking on housing related topics
HUD & Contract Administrator Reviews and Occupancy Issues:
We can help on any level from preparing responses to HUD & PBCA inquiries to performing evaluations of current operations.
- Help Owners / Agents answer HUD/CA Management and Occupancy Review (MOR) findings
- Perform Operational Assessments and develop plans to address issues identified
- Assist Owners / Agents implement changes to operating procedures to comply with HUD regulations
- Develop plans to address Management & Operating Review (MOR) and Real Estate Assessment Center (REAC) findings
Contract Renewal
- Prepare HAP Contract renewal package including evaluating the renewal options available, recommending a renewal strategy and preparing all required exhibits except Rent Comparability Studies
- Prepare required notices to tenants / HUD regarding contract status
- Prepare Annual Adjustment Factor (AAF), Operating Cost Adjustment Factor (OCAF) and Budget Based rent adjustments
- Update owners on changes in HUD Rules / Regulations regarding HAP Contract renewal
- Perform Subsidy Management Assessment
- Advise owners of all noted deficiencies in record keeping, subsidy processing and general compliance
- Develop and implement training plans to address identified issues
Hud Section Surveys
- Conduct the Self Evaluation Survey at the property site
- Prepare a comprehensive Survey Report for management implementation
- Develop procedures to implement corrections to noted deficiencies
Financial Analysis & Budget Preparation
We can assist from budget preparation to identifying potential refinancing opportunities.
- Review project operating expenses to determine potential savings opportunities
- Design plans to implement changes needed to optimize savings
- Review financing options to:
- Develop potential sources of funds to perform property upgrades/repairs
- Reduce cost of debt service through refinancing
- Consolidate loans for multiple properties
- Annual Operating Budget preparation
- Budget Based Rent Increase preparation for non-Section 8 units in Section 202, Section 221(d) and Section 236 properties and PRAC Operating Budgets
- Individually designed training on Operating Budget preparation and implementation
Property Management
For owners seeking alternatives to self-management, New Alternatives offers fee-based management alternatives customized to meet the needs of the individual property.
Affordability
New Alternatives provides its clients with cost effective solutions to their problems by performing the work that needs to be done in a timely manner. By controlling the scope of work, the client determines the cost incurred. By being flexible, New Alternatives provides only the amount of assistance needed
The initial consultation is always free. This allows the client to define the issues that need to be addressed and allows us to develop and effective strategy to deal with them.