Starta Development Manages More Than 13,000 Funding Applications for Housing Developments

Raleigh, NC, January 08, 2009 --(PR.com)-- Starta Development announced that it now manages more than 13,000 funding applications for housing properties across the nation. The Starta Enterprise System is the most robust system for the small to medium business that manages loans, grants, Low Income Housing Tax Credit (LIHTC) allocations, and New Market Tax Credit (NMTC) allocations. “Organizations that provide funding continuously experience enormous pressures to properly approve, disburse, and control an evolving sea of funds,” relays Gordon Blackwell, president of Starta Development, Inc. Blackwell further states that “our nation has discovered what enterprises will encounter without adequate governance of funds. Starta provides the tool to overcome the challenges that are native to the industry by increasing transparency while delivering an easy-to-use service with an extremely secure security model.”

The beauty of the Starta system remains its ability to adapt to the uniqueness of each type of fund. For example, while grants capture information relevant only to grants, loans must retain a different set of data that are relevant only for loans, like interest rate or loan term. Further, the LIHTC and NMTC programs demand a radically distinctive set of information. In addition, Starta enables each funding vehicle to have a unique document cabinet structure, checklists, and workflow processes. The entire flow of money from initial application through debt servicing is managed using the web-based system.

Another reason for the rapid adoption of Starta has been its ability to provide a core tool to support basic needs across departments like document, contact, and information management with a very low cost. Some have referred to Starta as the SAP without the cost. Blackwell relays that “it is all about delivering value. If Starta cannot add value to a business, we just walk away. However, technology can quickly reduce unnecessary efforts in the complex world off funding.”

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