TRACS 2.0.3.A Update: All You Need to Know (AHA372X)

  • Product Format
  • Pre Recorded Webinar
  • Presenter(s)
  • Paul Flogstad
  • Conference Date
     
  • Friday, June 16, 2017
     
  • Aired Time
  • 12:00 am ET - 11:00 pm CT - 10:00 pm MT - 9:00 pm PT
  • Length
  • 60 minutes

Get a Better Understanding of TRACS 2.0.3.A and the Modifications Required for Compliance

In the many years since the publication of its handbook covering occupancy requirements of subsidized multifamily housing programs, the U.S. Department of Housing and Urban Development (HUD) has issued a staggering number of changes to HUD Handbook 4350.3. HUD’s multifamily housing business partners are required to demonstrate compliance with these requirements through the data they submit to HUD by way of TRACS, the agency’s computer system developed to help improve financial controls over assisted housing programs by automating manual procedures and incorporating automated controls.

But contract uncertainties and funding issues have compromised TRACS’s ability to promptly respond to the Handbook revisions, so if you handle compliance with HUD’s various reporting and clarifying changes to these programs, you need a good handle on the latest updates and comparisons to former requirements.

Implementation of TRACS Release 2.0.3.A will require a minimum three-month transition period during which TRACS and CAs will receive data under both the Release 2.0.2.D and Release 2.0.3.A formats. While TRACS 2.0.3A involves lower risk and fewer changes than in 2.0.2.D, system modifications will be required to facilitate the Release 2.0.3.A transition, and database table conversions will be required to provide a stable platform for continued operations.

Join expert speaker Paul Flogstad to discuss these new changes, as well as TRACS operating tips and more. The program will cover all of the updates to the 2.0.2.D program with the new 2.0.3.A program. Associated implementation dates will also be discussed during this session.

Session Highlights

  • TRACS operating tips
  • MAT tenant system record formats and definitions
  • MAT voucher/payment record formats and definitions
  • The old Chapter 9 from the 4350.3
  • Calculation guidelines
  • MAT15 address record specification
  • Baseline requirements
  • New subsidy types
  • Updated and new calculations

Who Should Attend

  • Property managers
  • Property owners
  • Compliance staff
  • Housing authority staff
 

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About the Presenter(s)

Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.

Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.

He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.

For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.

He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.

Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.

Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples.

Paul enjoys working with people and helping them be the best they can be.

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