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Affordable Housing | 50059 & TRACS

VisualHOMES Affordable Housing module gives you powerful functionality to automatically process and generate HUD Form 50059, and support Section 8 New Construction, Tax Credit, and Section 212. It will automatically create and save all Monthly Activities Transmission (MAT) records, terminate residents from the 50059 program and create the Monthly Voucher. And, all actions can be sent electronically to TRACS, easing your HUD compliance efforts.

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Highlights

Flexibility

Supports Affordable Housing, Section 8 New Construction, Tax Credit, Section 212, and other 50059-based programs

TRACS

Easy, automated TRACS submissions

50059’s

Electronically generates and stores all 50059’s automatically

Vouchers

Automated creation of Monthly Vouchers

HUD Form 52670

Easily generate HUD Form 52670 at the click of a button, for any time period, including past time periods

Automated Calculations

Calculates tenant’s rent and HAP automatically, displaying amounts for user to review prior to completing transaction

 

Other Features Include:

  • Automatically calculates rent for pro-rated periods
  • Allows all transactions to be cancelled prior to finishing
  • Ability to update all units at one time, including utility allowances and contract rents, based upon unit size and project
  • TRACS Submission Management Console provides flexibility to decide which 50059’s to submit and when, including the ability to delete selected 50059’s
  • Easy-to-use, tab-based screens with drill-down and shortcut icons allow quick data entry, express navigation and centralized access to all relevant information
  • Built-in Online Help
  • Notes available at multiple levels for open-ended tracking
  • Built-in Audit Trail tracks all system and user activity, including user login, before and after values of transactions, and dates and times of transactions
  • Letters generated via turnkey mail-merge with Microsoft® Word are easy for the Agency to customize, including the ability to create standard document “packages”
  • Extensive “canned” reports, with powerful filter and selection criterion allow users to easily generate tailored reports without “customizing”, including the ability to “go back in time” and generate reports for past periods
  • Ability to easily Export reports to various file formats, including MS Excel, MS Word, and even XML
  • Easily generate Custom Reports via integrated Report Writer
  • Flexibility to create User Defined Fields
  • Quick Search bar at top of screens allows simplified, direct access to a key record based on names and numbers, including Applicant, Tenant, Member, Unit, etc.
  • Powerful lists with drill-down and search capabilities can be easily tailored to each users’ needs based on built-in filters with sorting by key fields and order preferences, including the ability to setup pre-defined defaults for each user, giving each user their preferred, “customized” view of data