Financial Integrity of a Rental Property – Whose Responsibility?. November 2009. 2010 North Carolina Affordable Housing Conference September 17, 2010 Jill Odom, CAHEC. Question - Who’s Responsible for achieving and Maintaining Financial Integrity?. Answer.
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Financial Integrity of a Rental Property – Whose Responsibility?
2010 North Carolina Affordable Housing Conference
September 17, 2010
Jill Odom, CAHEC
…Anyone with a vested interest in the property.
This would include:
Financial Integrity cannot be achieved without a coordinated team effort
1.The state or quality of being entire or complete;
wholeness; entireness; unbroken state;
2. Moral soundness; honesty; freedom from corrupting
influence or motive; -- used especially with reference to
the fulfillment of contracts, the discharge of agencies,
trusts, and the like;
3. Unimpaired, unadulterated, or genuine state; entire
correspondence with an original condition; purity.
Syn: Honesty; truthfulness, veracity, reliability, honor.
The success or failure of the first year of operations almost always determines the long-term viability of the project