Tenant Selection Plan
To stay compliant, property owners must create and publicly share written tenant selection plans that clearly outline eligibility requirements and income limits for admission. At MLCM, we specialize in reviewing your TSP to ensure they meet all Housing and Urban Development (HUD) and Housing Finance Agency (HFA) requirements.
Our expert team reviews your TSP, providing you with peace of mind that your policies are both compliant and effective. Let us help you streamline the process and avoid any potential issues.
Services:
Comprehensive TSP Review and Updates
Ensure your TSPs are up-to-date and compliant with our detailed review service. We provide the necessary verbiage and adjustments to align with current regulations, so you can confidently manage your property.
Custom TSP Creation
Do you need a new TSP? MLCM offers tailored services to create your Tenant Selection Plans, ensuring they meet all relevant guidelines and best practices.
HOTMA Policy Integration
Adapt seamlessly to new HOTMA (Housing Opportunity Through Modernization Act) policies with our specialized update services. We revise your TSP to reflect the latest HOTMA changes, keeping you ahead of regulatory requirements.
Resources
Tenant Selection Plan Frequently Asked Questions
A Tenant Selection Plan, also known as a TSP, is a property specific document which outlines screening criteria for selecting tenants for rental properties. The criteria must adhere to the applicable regulations for the affordable housing programs and fair housing requirements that pertain to the property.
Updating Tenant Selection Plans depends on changes in regulations or requirements. Property owners and agents should update the Tenant Selection Plan when there are changes to income limits, eligibility criteria, or preferences, in addition to when there are changes in program guidelines.
