ASC Consulting Services, LLC & Project 44
What We Offer
ASC Consulting Services provides 24-hour compliance monitoring services for a very affordable price, complete with exceptional customer service. We offer a variety of quality services, including the following: Consulting Services
Management Services
Grant Writing Proposals
Housing Consulting Etc.
RAD Housing Consulting
Resident Services Coordinator
REAC Inspections
MOR Reviews
Medicaid and Medicare Billing
Vendor Contracts
Veterans and Non-Veteran Housing
Referrals Assistance to Insight Mental Health
24 Hour Assisted Living Placements
New Development
Marketing Proposals
Rehabilitation Management
Compliance Reviews
New Acquisitions and Finance Reviews
File Reviews
Physical Inspections
Move-In File Approvals
Asset Management
Investor Reviews
Staff Training
Our notable clients include private organizations, such as Equity Funds, Property Developers, Company Owners and Managers, Syndicators, and Investors, offering them comprehensive and tailored staff training. For more details, you can contact us or visit our newest location in Camden, Arkansas.
Capability Statement
Business Summary
Ask Shelia Consulting LLC, a Missouri, Arkansas, Louisiana, Maryland and Washington, DC based minority owned business enterprise that offer in person and virtual Affordable Housing Compliance in the affordable housing industry. We offer customizable services that meet customer needs. Our business model is the future in the Affordable Housing Industry, New Development, Assisting Living for Seniors and Veterans.
Core Practice Areas
Provide HUD multifamily monthly compliance monitoring services such as consulting, file review, move-in file approvals, asset management, and investor reviews.
Post New Construction Lease-Up for New Properties, we review all LIHTC/HUD tenant files to assure compliance and that files reflect the initial qualifications of the project.
Prepare Tax Credit/HUD comprehensive report detailing compliance and eligibility status on a unit-by-unit basis.
Specialize in partnering with Housing Authorities in creating, RAD Housing Conversion and New Developments.
Project Management and Assisting Living for Veterans.
Expert in HUD’s Recertification's to include income calculation, tenant, 50059/50058/Specializing RAD Housing, recertification's, and Section 8 Vouchers.
Expertise
ASC Consulting Services, LLC established strategic partnerships with experienced professionals who are leaders in the Affordable Housing Industry and Compliance. In addition, our partners are industry leaders in executing and managing multi-million-dollar development projects from execution to delivery.
Lease-Up at the completion of new properties, we review all LIHTC tenant files that make up the project’s initial qualified basis. We then prepare a comprehensive report detailing compliance and eligibility status on a unit-by-unit basis. The report also includes a project-wide evaluation of procedures.
Entire Certification process is analyzed with supplemental forms, procedures, or corrective methods accompanying any findings.
Annual Review: This is typically an annually recurring review of tenant files to ensure that the property staff continues to meet LIHTC compliance expectations. We typically review 20% of the tenant files on an annual basis.
Acquisition Rehab: This is the most complex type of review. ASC Consulting Services will review all LIHTC tenant files that make up the project’s initial qualifying basis. We audit the files to ensure compliance with the safe harbor rule based on the acquisition date. Spectrum will then prepare a comprehensive report detailing compliance and eligibility status on a unit-by-unit basis. The report issued also includes a project wide evaluation of procedural issues noted at the time of review.
Syndication: review the new move-in files or a certification showing any period of income eligibility for current residents. We will then prepare a comprehensive report detailing compliance and eligibility status on a unit-by-unit basis. The report issued also includes a project wide evaluation of procedural issues noted at the time of review.
Additional Services
Transmit tenant certifications and vouchers electronically to TRACS.
Provide Developer 30/ 60/ 90 plans for Tax Credit, Housing Choice Vouchers, VASH Program.
Project Base Section 8, Specializing RAD Housing and Public Housing
Provide 120, 90, and 60-day Recertification's Reminder Notices and Rent Change letters.
Review all TRACS error messages; correct them or request information needed for resolution.
Compliance document review, to be sure calculations are correct.
Complete certification package review, to be sure all forms are correctly completed.
Electronic Excess Income Reports (EIRs) for Section 236 sites
EIV Income Reports, required by HUD for all Recertification's .
Resident receivables and monthly reporting
Daily tenant bank deposits and Updates ect.
IRS Form 8609 for each building (BIN)#
Regulatory Agreements, Restrictive Covenants, and Extended Use Agreements (or equivalent). HAP receivables and subsidy recovery if needed and general ledger reporting.
Outsourcing to our competent team gives you the expertise of AHM/COS/TCS certified staff at a fraction of the cost of hiring and training your own experts. Our staff includes Certified Public Accountants, Coast to Coast Hospitality, LLC (C2) and industry experts, all of whom have thorough knowledge of LIHTC, HUD Multifamily, New Development, TRACS, contract administration and the 4350.3 Handbook.