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What's New in Asset Management

arrow Online Registration is now open for WHEDA's Multifamily Housing Conference to be held at the Midwest Airlines Center in Milwaukee, WI on Wednesday, November 5, 2008.

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Asset Management includes information, forms, and requirements for managing affordable rental housing.
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About Asset Management

All WHEDA-financed properties are assessed on four areas of risk:

  1. Property Management (Example)
  2. Market Conditions (Example)
  3. Financial Condition (Example)
  4. Physical Plant (Example)

Each risk category is assessed with a star (*) or requires additional reporting options as described in the Servicing Requirements. A star (*) signifies the risk threshold is being met. A "four star" development will require the minimal amount of reporting.

Form 500, Online Reserve Release Request Instructions

Instructions for using our online Form 500 application to process your property's reserve release requests, a one-page description of the process, and our disbursement of funds policy for project reserve accounts.

Frequently Asked Questions

REAC
Reviews
General Reporting
Reserves

WIFrontDoor

WIFrontDoor is a web-based resource database available to anyone who has access to the Internet. It includes a comprehensive list of affordable housing units available to low- and moderate-income households in Wisconsin. List your properties here.

Data Library

The Multifamily Data Library includes links to Tax Credit Development Financing, such as occupancy rates, operating expenses, tax-credit projects, federally-assisted rental housing, and fair market rents.

Section 8 Contract Administration

Section 8 Contract Administration includes information about processing Housing Assistance Payment (HAP) requests, annual management and occupancy reviews, contract renewals, rent adjustments and REAC inspections.

Eligibility

2008 Income and Rent Limits
Determine the income eligibility of applicants for Public Housing, Section 8 and other programs subject to Section 3(b)(2).

Guidelines

Servicing Requirements
Broken down based on the four areas of risk.
Reporting Schedule
Due dates for all required reports. Multifamily Servicing Forms are available in .pdf and .exe formats.
Quarterly Occupancy Reporting Instructions
Instructions for Online Quarterly Occupancy reporting Screen prints are also available.
2007-2008 Audit Requirements
Annual reporting documentation requirements.
Lead-Safe Work Practices Training
Details on a series of lead-based paint training courses.

Maintenance/Repair Specifications

Concrete
Replacement specifications.
Shingle Roofing
Replacement specifications.
Single Ply Membrane Roofing
Replacement specifications.
Asphalt Pavement
Maintenance specifications.

Insurance Specifications

Developments Under Construction
Coverage requirements for developments financed by WHEDA during construction.
Completed Developments
Coverage requirements for developments that are complete.
Wisconsin Affordable Housing Alliance, LLC (WAHA)
Coverage requirements for all WAHA developments.