Compliance: Who Are They and Why Do We Need Them?

This week on the blog, we’re talking about compliance. There are many components to Property Management, from maintenance and leasing to resident services and financial oversight. One of the most important, yet least known, is our in-house Compliance Department. 

What is compliance, and why does it matter?

Compliance is the ongoing process of adhering to external laws, regulations, and industry standards, as well as internal policies and ethical codes. In property management, that means doing the application and re-certification processes correctly, which in turn keeps the property in good standing with those rules and funding sources.

So what do they do? 

Our in-house Compliance Department certifies income and expenses for all applicants and residents, ensuring program compliance with a variety of funding programs, including Rural Development, Section 42 Tax Credit, and HUD Programs, such as project-based Section 8 and HOME. 

This team of experts, headed by our Compliance Manager, includes credentialed Certified Occupancy Specialists (COS) and Spectrum Training Award Recipients (S.T.A.R). The WMC compliance department manages all aspects of the application and re-certification process to make sure we are doing things the right way. Their expertise ensures that we’re not just meeting standards, but we’re staying ahead of regulatory changes and industry best practices.

While much of their work happens behind the scenes, it plays a critical role in keeping our communities running smoothly. Thanks to the entire Compliance Department for all that you do!