Top 50 Apr27

Top 50

Affordable Housing Finance recently released the Top 50 Affordable Housing Developers of 2016. The list  showcases developers with the most reported affordable units started and completed within the year. Great Companies, Great Timing Yardi clients received 23 out of the 50 available spots on the list: The NRP Group Miller Valentine Group LDG Development Dominium Herman & Kittle RPM Development Group St. Anton Communities Conifer Realty Bridge Housing Corporation Volunteers of America Arker Companies Community Investment Strategies USA Properties Fund Atlantic Pacific Communities BFC Partners Picerne Real Estate Group AHC Pennrose Woda Group McCormack Baron Salazar Related Mercy Housing WinnCompanies The new construction barely puts a dent in the ongoing affordable housing shortage, which now exceeds 4.7 million units. Yet the timing could not have been better. Recent cuts to the United States Department of Housing and Urban Development, as well as tax reforms, are projected to trigger a decrease in future affordable housing construction. Tighter budgets require developers to work with greater efficiency and accuracy. That is why nearly half of Top 50 Affordable Housing Developers turn to Yardi. Robust Software Yardi ® Construction Management improves projects’ cost control and budget oversight, from their nascent stages to close-out. Users can develop financing plans and monitor agreements from contractors and subcontractors. As the project progresses, users can compare actual costs to the job budget. Both job costs and the general ledger are updated in real time, providing users with the most accurate and dependable information. The comprehensive reporting within Construction Management provides detail and transparency to users, protected with controlled permissions.  Users receive an overview of budgets, revisions, change orders and commitments, each with drill-down options for greater detail. Construction Management seamlessly integrates with Yardi Affordable Housing Suite ™, allowing users to continue project...