Housing cooperatives are a distinctive form of home ownership that have many characteristics that differ from other residential arrangements such as single family ownership, condominiums and renting. Our industry affiliations with Midwest Association of Housing Cooperatives ( MAHC) and National Association of Housing Cooperatives (NAHC) provide the client access to the latest legislate changes and industry trends. Give your board an edge! Choose FKGibbs as you management partner.
Privately owned subsidized housing - HUD helps apartment owners offer reduced rents to low-income tenants. Generally, private owners hire companies to manage the properties. HUD inspections occur regularly to ensure housing quality and tenant income must be certified annually. Tenants are required to report all changes to household members and income to the management promptly. All household members receiving a subsidy are required to prove legal residency under HUD rules.
Service Bureau for HUD Contracts
Property owners and managers. There is an alternative to costly TRACS software and increasing annual licensing payments. Our Service Bureau offerings include Special Claims processing, verification letter tracking, HUD-compliant waitlist management, resident screening, prequalifying, and accounts receivable. Your data will always be your data. You maintain full control, without the complexities and the high cost of traditional TRACS submission options.
Affordable Housing – LIHTC
The LIHTC gives investors a dollar-for-dollar reduction in their federal tax liability in exchange for providing financing to develop affordable rental housing. Our team has more than 20 years of experience with Low Income Housing Tax Credit (LIHTC), Section 42 properties. From initial development, to the end of the compliance period and beyond. FKGibbs Company is THE choice for LIHTC management. Trust Your Asset to the Best. FKGibbs Company, LLC.
Our decades of experience and local expertise in each market we serve have provided us with unmatched expertise and service focus. We have a successful track record of providing tailored property management services and responsive service that maximize property values, enhance quality of life and support the ongoing financial stability of thousands of community associations and HOAs across the U.S. FKGibbs Company transforms neighborhoods into communities.
Compliance Monitoring and Training
Our compliance module offers: File Audits, File Pre-Approval, Quarterly Monitoring Site Visits, Staff Coaching, On-Site Assistance, Baseline Physical Inspections, Shopping Services, and Certified Update Training. The most important thing to do first is understand what type of training each team member needs. Because of the different levels of experience and knowledge, putting everyone through the same courses can be a waste of time, cause frustration and disgruntled employees.