About Asset Management
All WHEDA-financed properties are assessed on four areas of risk:
- Property Management (Example)
- Market Conditions (Example)
- Financial Condition (Example)
- Physical Plant (Example)
Each risk category is assessed with a star (*) or requires additional reporting options as described in the Servicing Requirements. A star (*) signifies the risk threshold is being met. A "four star" development will require the minimal amount of reporting.
Form 500, Online Reserve Release Request Instructions
Instructions for using our online Form 500 application to process your property's reserve release requests, a one-page description of the process, and our disbursement of funds policy for project reserve accounts.
Frequently Asked Questions
REAC
Reviews
General Reporting
Reserves
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Eligibility
- 2010 Income and Rent Limits
- Determine the income eligibility of applicants for Public Housing, Section 8 and other programs subject to Section 3(b)(2).
Guidelines
- Servicing Requirements
- Broken down based on the four areas of risk.
- Reporting Schedule
- Due dates for all required reports.
- Quarterly Occupancy Reporting Instructions
- Instructions for Online Quarterly Occupancy reporting Screen prints are also available.
- Audit Requirements
- Annual reporting documentation requirements.
- Lead-Safe Work Practices Training
- Details on a series of lead-based paint training courses.
Maintenance/Repair Specifications
- Concrete
- Replacement specifications.
- Shingle Roofing
- Replacement specifications.
- Single Ply Membrane Roofing
- Replacement specifications.
- Asphalt Pavement
- Maintenance specifications.
Insurance Specifications
- Developments Under Construction
- Coverage requirements for developments financed by WHEDA during construction.
- Completed Developments
- Coverage requirements for developments that are complete.
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