Raleigh, North Carolina, November 17, 2008: Starta Development today announced that it now manages more than 7,000 properties across the nation. Developers of multifamily housing are increasingly engaging web-based services to offload the tedious efforts of managing documents and compiling reports. The Internet is an ideal tool when attempting to coordinate more than 30 third-parties during a 2-3 year period. Housing developers are discovering the value of compiling and coordinating the efforts using a central tool that everyone can access at any time during the day.
A major component of Starta’s success is its ability to seamlessly adapt to the demands of each unique developer. Users of the tool create a document cabinet for each project. Documents can be uploaded, emailed or even faxed. Once online, every document is accessible from anywhere in the world. The cabinets can be easily customized with any number of folders within folders. “The online cabinet actually mimics the business’ actual physical cabinet. However, now documents can never be lost and different people can view the same document at the same time,” explains Gordon Blackwell, Starta’s founder.
“It’s not only developers who are leveraging this type of service,” Blackwell continues. “LIHTC Syndicators and other funding providers use Starta to manage tax credit allocations, loans, and grants. We provide the most robust tool that addresses the specific needs of the affordable housing industry.”
Another reason for the rapid adoption of Starta has been its ability to provide a core tool to support basic needs like document, contact, and information management with a very low cost. At the same time, Starta can be quickly extended to serve unique business needs. “It’s all about delivering value. If Starta cannot add value to a business by enabling the organization to generate at least one more project a year, we will just walk away. However, technology can quickly reduce unnecessary efforts in the complex world of housing development. Enabling a developer to produce just 1 additional development each year can deliver several hundred to several million dollars to the business’ bottom line.”
About Starta Development, Inc.
Based in Raleigh, North Carolina, Starta provides standard and custom technology services for all members of the affordable housing industry. The Starta Enterprise System was initially released in February 2001 as a turnkey solution for managing development portfolios, from the initial concept through development and asset management.
Tuesday, November 18, 2008
Saturday, November 8, 2008
Starta Development Serves LIHTC Developers with Automated Forecasting Tools
Starta Development announced that its service now enables developers to produce more apartments with greater profitability. Starta incorporates a unique ability to capture thousands of data points from the developer’s forecasting pro-formas. Not only does Starta track a legacy of evolving forecasts, but the system seamlessly captures critical data points from the developer’s Excel spreadsheet and aggregates the information into extremely insightful reports. The reports can then be automatically delivered to the desktop of key internal and external decision makers.
Gordon L. Blackwell, Starta’s founder, explains that “this feature can save literally dozens of hours a week and produces insights that could never be created using traditional, manual efforts. Moreover, the entire process completes in less than a minute just by uploading an Excel file with revised data.”
It is Blackwell’s hope that features like this will enable developers to produce more affordable homes annually with less cost for the developer, the occupant and the tax payer. “Our nation’s economy is entering an unprecedented period. Nobody can predict the end results, but the credit freeze likely means that an increasing number of families will require low-cost housing. We want Starta to be ahead of that curve. If our service can allow the development of just one additional apartment complex annually, that means additional homes for 40 to 200 families every year. It is also very helpful for our economy by providing the developer with additional income to pay the salaries of its employees. Now that is significant!”
Gordon L. Blackwell, Starta’s founder, explains that “this feature can save literally dozens of hours a week and produces insights that could never be created using traditional, manual efforts. Moreover, the entire process completes in less than a minute just by uploading an Excel file with revised data.”
It is Blackwell’s hope that features like this will enable developers to produce more affordable homes annually with less cost for the developer, the occupant and the tax payer. “Our nation’s economy is entering an unprecedented period. Nobody can predict the end results, but the credit freeze likely means that an increasing number of families will require low-cost housing. We want Starta to be ahead of that curve. If our service can allow the development of just one additional apartment complex annually, that means additional homes for 40 to 200 families every year. It is also very helpful for our economy by providing the developer with additional income to pay the salaries of its employees. Now that is significant!”
Subscribe to:
Posts (Atom)
