OMEGA

Affordable Housing Compliance Consulting

 

 

 

 

 

 

 

 

 

 

"Your LAST STOP in the search for Regulatory Solutions!"

OMEGA Affordable Housing Compliance Consulting
P. O. Box 855
Pecos, TX 79772

ph: 866-336-3839
fax: 432-259-0064

Established  in 1999 to meet the ever growing Regulatory demands imposed on the Affordable Housing Industry. 

We specialize in the following Housing Programs:

 

  •  Housing Tax Credit 

 

  • Bond

 

  • Housing Trust Fund

 

  • FDIC/RTC AHDP

  • HUD-FHA

 

  • Rural Housing

 

  • Elderly Housing

 

  • Mixed-Use

 

  • New Construction

 

  • Existing Projects

 

  •  Rehab

 

  • Layered Programs

 

What We Do

 

  •  COMPLIANCE OVERSIGHT                            

 

  • COMPLIANCE TRAINING                                          
  • DUE DILIGENCE COMPLIANCE EVALUATION

 

  • CUSTOMIZED RENTAL CRITERIA

 

  • CUSTOMIZED COMPLIANCE MANUALS

 

  • NEW CONSTRUCTION LEASE-UP

 

  • NEW CONSTRUCTION OFFICE SET-UP

 

  • COMPLIANCE DEPARTMENT SET-UP

 

  • RESEARCH & RESPONSE

 

  • ON-SITE STAFF COMPLIANCE SHOPS

 

  • MONTHLY, QUARTERLY & ANNUAL REPORTING

 

  • MONTHLY, QUARTERLY & ANNUAL MONITORING

 

  • PHA HAP PROPOSALS

 

  • STATE OR BOND ISSUER HEARING REPRESENTATION

 

  • CLIENT REPRESENTATION WITH FEDERAL, STATE  & LOCAL HOUSING AGENCIES

 

  • PRE-AUDIT COMPLIANCE EVALUATION

 

  • AFTER-AUDIT COMPLIANCE ASSISTANCE

 

  • ON-SITE AUDIT REPRESENTATION

 

  • UPCS INSPECTIONS

 

  • ON-SITE ASSISTANCE WITH RECERTS

 

  • PROPERTY TRANSFER DOCUMENTATION

 

  • BILINGUAL ASSISTANCE (SPANISH) 

 

What's New?

 

AH PAPERLESS SYSTEM

 ****UNDER REVISION**** 

 

We have found that in order to effectively monitor compliance, with all of the nuances involved, a more streamlined System was required.  As a result, we anticipate completion of the Revised AH Paperless System in the Spring of 2011.

Not only will you be able to use the best, most innovative compliance monitoring and tracking Service available in our industry:

Integrity of all File documents, 

Rapid compliance reviews,

System can be modified to meet each specific Housing Program,

Immediate File archiving,

Standardized Compliance tracking, and much more!

This Service is entirely GREEN!  

you will now have the added benefit of :

Automated Application Processing for all required Forms

Automated, immediate, transmission directly to background screeing Company,

Automated, immediate, transmission directly to Leasing Agent

Automated, immediate, transmission directly to Compliance Director

Even if you currently use e-mail to view documents, the mode is not entirely secure, notes regarding any deficiencies cannot be immediately added adjacent to the File, and the risks of casualty loss remain.

Additionally, important compliance information is not tracked by e-mail.

With the AH Paperless System, you can be assured that all transactions are secure, corrective action directives can be immediately noted, and, regardless of whether you are on your home computer, the on-site offices, the Corporate Office, or en route, the AH Paperless System is easily accessible, 24 hours per day, 365 days per year,  year after year!  Important compliance data such as the exact number of VLI, LI, Special Needs, etc., is automatically tracked by the AH Paperless System!

No more mounds of File documents coming across the fax! No more "lost" pages! No more illegible forms! No more excuses for incorrect File documentation! No more unnecessary delays for compliance approval!

The AHPaperless System is the pro-active way that smart Affordable Housing Professionals can ensure:

Integrity of all File documents, 

Rapid compliance reviews,

System can be modified to meet each specific Housing Program,

Immediate File archiving,

Standardized Compliance tracking, and much more!

This Service is entirely GREEN!  

Even if you currently use e-mail to view documents, the mode is not entirely secure, notes regarding any deficiencies cannot be immediately added adjacent to the File, and the risks of casualty loss remain.

Additionally, important compliance information is not tracked by e-mail.

With the AH Paperless System, you can be assured that all transactions are secure, corrective action directives can be immediately noted, and, regardless of whether you are on your home computer, the on-site offices, the Corporate Office, or en route, the AH Paperless System is easily accessible, 24 hours per day, 365 days per year,  year after year!  Important compliance data such as the exact number of VLI, LI, Special Needs, etc., is automatically tracked by the AH Paperless System!

No more mounds of File documents coming across the fax! No more "lost" pages! No more illegible forms! No more excuses for incorrect File documentation! No more unnecessary delays for compliance approval!

Property Owners, Property Supervisors,

Compliance Directors, Asset Managers, 

Property Managers, Leasing Directors 

Agencies Professionals

Now you can each track all levels of compliance on a variety of Housing Programs including HTC, AHP, Bond, HTF, and HUD-FHA!

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CUSTOMIZED COMPLIANCE MANUALS

 

We now offer easy to understand Compliance Manuals for On-sight Professionals!

The cost is $125 per Manual + shipping & handling, on the following Programs:

 

* Housing Tax Credit (HTC)

 

* Tax-Exempt Bond

 

* Housing Trust Fund (HTF)

 

* FDIC-RTC/Affordable Housing Program(AHP)

 

Note: Manuals are customized to meet the specific requirements of the Property's Deed Restrictions

Please allow 4-6 weeks for research of governing documents, printing and delivery.

Copyright OMEGA Affordable Housing Compliance Consulting.  All rights reserved.

OMEGA Affordable Housing Compliance Consulting
P. O. Box 855
Pecos, TX 79772

ph: 866-336-3839
fax: 432-259-0064