RealPage® Releases Public Housing-50058 Functionality for Affordable Housing Property Managers
American Baptist Homes of the West among first to implement new feature in the public housing market
(March 8, 2012) — RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software and software-enabled services to the rental housing industry, today announced its public housing-50058 functionality for OneSite® Affordable customers, enabling property owners to expand the use of their OneSite Affordable application within their public housing portfolio.
OneSite Affordable client, American Baptist Homes of the West (ABHOW), is using the new 50058 product for its first foray into public housing. “We’ve had a great experience using OneSite Affordable 50058 with our first public housing property. Our staff has found it very simple to use, with very few training requirements needed,” said Susan Ruan, corporate compliance specialist for ABHOW. “We’ve worked closely with RealPage, who has been a great partner as we enter a new area of affordable housing.”
Public Housing Authorities (PHAs) and property management companies managing public housing on behalf of PHAs are required to qualify and certify residents using the HUD-50058 form, while also reporting that information by electronic transmission to HUD’s PIC system. In some cases, these properties are also layered with tax credits financing, making the compliance requirements even more complex. RealPage’s solution takes into consideration all these complexities and places special emphasis on the ease-of-use and flexibility of this new feature.
“We’re providing this new functionality to our existing customers as well as prospects that have been looking into potentially adopting OneSite Affordable. This is a growing market as the privatization of the management of public housing has become more prevalent across the country” said Gustavo Sapiurka, vice president and general manager of Affordable Housing at RealPage. “We are now able to support all flavors of affordable housing programs supported at the site level by complementing our existing offerings for HUD Multifamily, USDA Rural Housing and the Low Income Housing Tax Credit programs.”
“RealPage built the new functionality from the ground up, and by doing so, was able to maintain the same ease-of-use customers are accustomed to, making it easy to deploy across portfolios while keeping consistency,” said Sapiurka.
To learn more about RealPage affordable HUD housing solutions, please visit http://www.realpage.com/property-management-software/hud-compliance/hud-compliance-software. To schedule an interview with a RealPage executive, please contact Linda Graham at email@example.com or (972) 820-3518.
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its on demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, senior living and military housing properties; LeaseStar™ multichannel managed marketing that enables owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar® asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property; Velocity™ billing and utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that are designed to reduce a community’s exposure to risk and liability; OpsTechnology® spend management systems that help owners manage and control operating expenses; and Compliance Depot™ vendor management and qualification services to assist a community in managing its compliance vendor program. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage’s MyNewPlace® subsidiary is one of the largest lead generation apartment and home rental websites, offering apartment owners and managers qualified, prospective residents through subscription, pay-per-lead and LeaseMatch pay-per-lease programs. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit www.realpage.com.