pre-conference workshop · tim veenstra director of asset management ... lewis & 10 staff...
TRANSCRIPT
Pre-Conference
Workshop
Tim VeenstraDirector of Asset Management
Illinois Housing Development Authority
Morning Schedule
Asset Management Updates• 2018 Compliance Guide
• Finance Processes
• New Organizational Structure
Opening Remarks
Session 1: Compliance Essentials or RAD Compliance Nuances
Session 2: Compliance Hot Topics or Property Manager Showcase
Lunch: Ask IHDA Panel, PM of the Year Award, Closing
After Lunch: Main Conference @ 1:30; Meet & Greet 1:45 - 3:45
Morning Schedule
Asset Management
At-a-glanceProperties 1,279
Total Units 96,598
Overage Occupancy 94.8%
Active Mortgages 840
Loan Balances $1.25 B
Avg. Annual Default/Loss 0.72%
Reserve Balances $129 M
2018 Compliance Guide• Updated format w/ property specific info
• Includes status of 2017 compliance
• Emailed by early March
Compliance News
Check your email early March• Review 2018 requirements
• Check status of 2017 submissions
• Focus on 6 key pages
2018
Compliance Guide
New Processes• Streamlined Audit Guidelines
• New Reserve Withdrawal Procedure
• Reviewing Min. Reserve Standards
Finance Updates
• Aligns roles & responsibilities by core duties
• Ensures backup for every function
• Organizes teams by management company
New Org Structure
New Org Structure
Rental Compliance
Patricia Williams, Asst.
Dir.
Mgmt. Reviews, Phys. Insp,
TC Compliance
3 Supervisors (R La Luz; 2 vacant)
& 28 staff
Rental Assistance
Vacant, Asst Dir.
Section 8, 811, Mod-Rehab,
LTOS, RHS, SRN
Manager Paula Lewis & 10 staff
Finance & Data
Jim Scudder, Supervisor
Audits, Escrows, Budgets, Data
Integration
9 staff
Special Assets
Stephen Gladden, Asst.
Dir.
Modifications, Workouts
3 staff
Policy & Strategy
Jennifer Miller, Sr. Advisor
Procedures Training &
Business Dev.
2 staff
Compliance Teams
Sr. Asset
Manager or
Asset Manager
Compliance
Analyst
Physical
Inspector
Financial
Analyst
• Minimum Reserve Standards
• 8823 filing procedures
• Expand & Enhance Training Offerings
• Forms, data and process improvement
Plans for 2018
Coffee Break• Save your questions for lunch Q&A
• Meet your compliance team
• Room dividers going up
• Return for compliance sessions at 9:15
Next Steps
Patricia Williams, Assistant Director of Rental Compliance
Steven Gladden, Assistant Director of Special Assets
Jim Scudder, Supervisor of Finance & Data Integration
Paula Lewis, Manager of Rental Assistance Programs
Rafael LaLuz, Supervisor of Physical Inspections
Ask IHDA Panel