Affordable Housing & Non-Profit Management

Compliance First

LRS manages affordable and supportive housing for nonprofits, developers, and mission-driven owners across Southern California. Many of our clients come to us after their previous management company fell behind on recertifications or agency reporting. We take over those portfolios, bring tenant files and reporting back into compliance, and keep them there, so owners can focus on their mission and funders get accurate reports on time.

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COMPLIANCE PRACTICES

Affordable Housing Compliance

Files Current. Reporting On Time. Audit-Ready Year-Round.


  • Income Certifications: Annual certification and recertification under HUD Part 5, including HOTMA implementation
  • Rent & Utility Allowance Calculations: Rents set against the most restrictive applicable limit, with annual agency reporting completed on schedule
  • Tenant Selection & Fair Housing: Written Tenant Selection Plan, affirmative fair housing marketing, waitlist administration, and individualized criminal background assessment
  • Resident Protections: VAWA notice and self-certification (HUD-5380 / HUD-5382), reasonable accommodation, language access, and grievance procedures
  • File Audits & Monitoring Prep: Tenant file audits and full preparation for agency on-site monitoring visits
  • Inspection Readiness: Physical inspection readiness under HQS and NSPIRE standards

TRUSTED SINCE 1988

Trusted by Non-profit Housing Providers

LRS simplifies property ownership by handling essential tasks and day-to-day operations of managing your property and providing services to residents.

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Tax Credit Properties


LIHTC properties under CTCAC regulatory agreements, including AB 846 rent increase limits..

Federal Programs


HOME Investment Partnerships (County of Orange and City of Fullerton), Federal Home Loan Bank AHP, and Section 8 / Housing Choice Voucher tenancies.

State Programs


CalHFA Mental Health Services Act and California HCD-funded permanent supportive housing.

Local Agreements


Los Angeles Housing Department regulatory agreements and former redevelopment agency covenants (Brea and Fullerton housing successors).

PORTFOLIO TRANSITIONS

Seamless Portfolio Takeovers

When a portfolio changes hands, compliance can't wait. Our team audits every tenant file, catches up overdue recertifications, and resolves outstanding agency reporting, while keeping day-to-day operations running for residents. LRS has managed properties since 1988 and today oversees 3,200+ units across seven Southern California counties from five regional offices. Leasing, compliance, accounting, maintenance, and capital project oversight all run in-house on AppFolio, so owners and agencies work with one accountable team.