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Quadel and Novogradac are pleased to announce the availability of the Rent Reasonableness Toolkit - a user-friendly, web-based rent reasonableness tool for use by PHA staff.
Quadel Consulting Corporation and Novogradac and Company LLP have formed a working partnership to help voucher programs meet their rent reasonableness needs. Quadel and Novogradac are pleased to announce the availability of the Rent Reasonableness Toolkit — a highly accurate, user-friendly, web-based rent reasonableness tool for use by PHA staff. The Rent Reasonableness Toolkit meets HUD's requirements for contract rent determinations and provides clear documentation for tenant files. When implemented by a PHA, the Toolkit will most likely save the agency in administrative costs and help it avoid rent inflation in the subsidized housing submarket. Quadel and Novogradac can implement the Toolkit in housing markets nationwide. Working in conjunction with PHAs, Quadel and Novogradac staff will:
Unlike other methods of determining whether proposed rents are reasonable, the Toolkit is based on a statistically representative sample of the rental housing market in a region. It is based on market data that can be updated as the market changes. The Toolkit is a cost-effective solution to a problem every voucher program faces. Click here for a sample of reports produced by the Toolkit. Together, Quadel and Novogradac bring over five decades of experience working with the affordable housing industry. The firms have the expertise to prepare Housing Choice Voucher market studies and public housing flat rent studies that are of superior quality and usefulness. More information on the Rent Reasonableness Toolkit is available from:
J. Wesley Edwards, Ph.D.
Brad E. Weinberg, MAI, CCIM
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