As Director of Compliance and Operations Manager for HNN Associates, Aaron Stright knows how important it is to keep paperwork in order. From the company’s inception in 2005, HNN has specialized in Section 42 Tax Credit affordable housing. In fact, of HNN’s 3,000 units, all but 200 are affordable.
With so much of HNN’s business dependent on highly regulated tax credits, maintaining compliance at the company’s affordable communities across the state of Washington is of the utmost importance.
“There’s a lot of risk involved if we don’t comply with the terms of our regulatory agreement,” said Aaron. “There’s a potential for regulators to recapture tax credits.”
Fortunately, HNN uses On‑Site’s rental qualification, forms generation and cloud storage solutions, featuring built-in compliance tools that allow Aaron and his team to automatically archive and manage all of the paperwork that comprises the leasing and compliance process.