Affordable Master Series: Utility Allowance Utilization as a Rent Maximizer
The IRS allows owners to utilize several different utility allowance models. But what does that mean?
Do you know which ones you are allowed to use and whether they can give your bottom line a boost? How about what are considered utilities in the calculations?
We’re here to help you get all the information you need to utilize the utility allowance calculations available to you, helping maximize rent at each of your properties.
Join Greg Proctor, Vice President, RealPage® Compliance Services, and Sarah Upchurch, Vice President, Industry Principal Affordable/Senior, for a 30-minute Master Series webcast that will explain:
- The five utility allowance calculations available to LIHTC properties
- Restrictions on using each utility allowance calculation
- The financial impact of changing calculations
- The process of changing the utility allowance
Greg has been in the Affordable Housing industry for over 35 years, having operated several property management companies and having owned/developed affordable properties across several states. Greg was the founder of Windsor Compliance Services, now RealPage Compliance Services. RealPage acquired Windsor in 2013. Since then, under Greg’s leadership, RealPage Compliance Services has grown to monitoring 195,000 units at over 2,100 properties, helping clients mitigate risk and helping them qualify residents for badly needed affordable housing. Greg is now overseeing RealPage’s affordable vertical market as its Vice President of Affordable Housing Solutions.
Sarah UpchurchVP, Industry Principal, RealPage, Inc.
Sarah is RealPage’s Industry Principal for the Affordable and Senior Markets with extensive knowledge and expertise in compliance issues. As the founder of Property Management Software Services, Sarah offered consulting and training services to the multifamily industry in the areas of technology, accounting, property management and affordable compliance for more than 15 years.