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TRACS 2.0.3.A Update: All You Need to Know (AHA372X)

Presented by: Paul Flogstad
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Pre Recorded Webinar
60 minutes
  •  Wed, March 8, 2017
Event Description

Get a Better Understanding of TRACS 2.0.3.A and the Modifications Required for Compliance

In the many years since the publication of its handbook covering occupancy requirements of subsidized multifamily housing programs, the U.S. Department of Housing and Urban Development (HUD) has issued a staggering number of changes to HUD Handbook 4350.3. HUD’s multifamily housing business partners are required to demonstrate compliance with these requirements through the data they submit to HUD by way of TRACS, the agency’s computer system developed to help improve financial controls over assisted housing programs by automating manual procedures and incorporating automated controls.

But contract uncertainties and funding issues have compromised TRACS’s ability to promptly respond to the Handbook revisions, so if you handle compliance with HUD’s various reporting and clarifying changes to these programs, you need a good handle on the latest updates and comparisons to former requirements.

Implementation of TRACS Release 2.0.3.A will require a minimum three-month transition period during which TRACS and CAs will receive data under both the Release 2.0.2.D and Release 2.0.3.A formats. While TRACS 2.0.3A involves lower risk and fewer changes than in 2.0.2.D, system modifications will be required to facilitate the Release 2.0.3.A transition, and database table conversions will be required to provide a stable platform for continued operations.

Join expert speaker Paul Flogstad to discuss these new changes, as well as TRACS operating tips and more. The program will cover all of the updates to the 2.0.2.D program with the new 2.0.3.A program. Associated implementation dates will also be discussed during this session.

Session Highlights

  • TRACS operating tips
  • MAT tenant system record formats and definitions
  • MAT voucher/payment record formats and definitions
  • The old Chapter 9 from the 4350.3
  • Calculation guidelines
  • MAT15 address record specification
  • Baseline requirements
  • New subsidy types
  • Updated and new calculations

Who Should Attend

  • Property managers
  • Property owners
  • Compliance staff
  • Housing authority staff
About Our Speaker(s)

Paul Flogstad | Multi Housing Property Management SpeakerPaul Flogstad
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training. Through his consulting company, Property Management Solutions, he provides training and consulting servi... More info

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    Event Title: TRACS 2.0.3.A Update: All You Need to Know
    Presenter(s): Paul Flogstad

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