As of January 31, 2015, property managers cannot utilize the previous TRACS regulations, so we are proud to announce that our entire client base is capable of handling 202D this far ahead of schedule. - Brian Zrimsek, Chief Products Officer
Cleveland, Ohio (PRWEB) December 17, 2014
MRI Software announced today that its entire MRI Bostonpost Affordable Housing client base has successfully switched to version 9.2. The latest release of Bostonpost includes an assortment of updates to ensure that users maintain compliance with HUD’s latest TRACS 202D requirements.
Among the numerous changes present in 202D is the inclusion of additional fields and records on electronic HAP vouchers, which will eliminate the manual process of sending paper vouchers to Contract Administrators (CA’s). Other voucher changes include a new form and record to handle repayment agreements, as well as the addition of new Miscellaneous Accounting Request codes. Moreover, there are a variety of new and updated fields within the certification form, such as household member relations, new member Special Status values, and new move-out and termination codes. These updates are designed to make certifying tenants and billing HUD a more logical and detailed process.
“We released Bostonpost 9.2 last August to give our clients the option to utilize the TRACS 202D regulations as soon as they went into effect,” explained Brian Zrimsek, Chief Products Officer at MRI Software. “As of January 31, 2015, property managers cannot utilize the previous TRACS regulations, so we are proud to announce that our entire client base is capable of handling 202D this far ahead of schedule.”
MRI Bostonpost is MRI’s industry leading affordable housing property management software. The solution can easily support a variety of layered subsidy programs, including HUD, USDA, Tax Credits, HOME, and Public Housing. Additionally, the software significantly reduces administrative workload while simultaneously maintaining a property’s compliance with any combination of affordable housing funding programs. Whether clients are managing properties with project based vouchers, properties rehabilitated with tax credit funding, or newer properties with complex layered funding, the Bostonpost system can manage everything within one user-friendly system. The functionality and intuitive user interface within the solution make it MRI’s official affordable housing solution moving forward.
For more information about MRI’s Bostonpost solution, visit our website.
About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, visit http://www.mrisoftware.com.