The City of Billings is responsible for monitoring assisted projects for a specific period of affordability to ensure sound investment and long-term impact is sustained. Single-family housing is monitored through the use of legal agreements recorded on the property. Multi-family properties are monitored for several additional layers of compliance, over and above legally executed agreements, including:
Intended and eligible low-income households occupy the units.
Rents charged conform to federal affordability limits.
Properties are in good condition to ensure the provision of safe / sanitary living environments.
A guide, Compliance in HOME Rental Projects: Property Owners, has been made available to help owners of City-assisted properties comply with ongoing affordability requirements. It provides tools for owners and property managers to facilitate the day-to-day rental management of assisted properties.
As of January 2015, all City-assisted projects will be routinely monitored utilizing Uniform Physical Conditions Standards to ensure decent, safe, and sanitary units in good repair are provided to occupants.