Rosemarie is instrumental in the affordable housing industry and plays a key role  on a variety of transactions and regulatory challenges. 

Previous Participation Certification and Reporting is our Specialty!

Rosemarie Harris, Principal

Our Background:

Rosemarie Harris started Secured Systems Consulting, LLC February 2017 to lend her experience to the Affordable Housing Industry with managing a very complex process known as HUD 2530 reporting.  Rosemarie is a HUD 2530 expert with over 20 years of HUD Regulatory / Transaction experience while employed with the largest affordable owner/agent.   The company consisted of a $15 Billion dollar portfolio with 390,000 units in 2,164 properties.

Rosemarie was selected by HUD Headquarters to be a key contributor in the development of the online 2530 filing we now know as Active Partners Performance System (APPS) in which she set up a large, intricate organization in the HUD online system to make filing and reporting seamless for her organization.  

Rosemarie successfully advises her clients on what is right for their organization, whether it is through group, one on one training, or as an outsource solution to setting up, filing and maintaining HUD 2530 report.  She frequently speaks at and attends various industry association meetings.  


Below highlights some of the transactional work responsibilities.  


    Acquisitions

    $279 Million 87,659 units – NHP Merger

    $910 Million 191,000 units – Insignia Financial Merger

    $301 Million 36,662 units – Oxford Properties Merger

    $1.5 Billion 17,383 units – Casden/Napico Merger

     Preservation and Redevelopments

     $417 Million Tax Credit awards for redevelopment in 58 properties.

    $72.2 Million FHA Financed 221 (d)4 loan for 308 units - Pacific Bay Vistas, San Bruno, CA

    $190.7 Million FHA Finance 221 (d)4 loan for 730 units – Lincoln Place, Venice CA

    Reorganizations

    Transitioned 12 Management Companies into 4 – HUD HQ approval to reorganize without requirement to redo the Management Certifications that could have negatively impacted the management fees. 


    $8 Million sale of the remainder Napico portfolio

    Various other restructurings in order to simplify the organization structure that saved the company money in taxes.  


    Flag and Administrative Sanction Resolution with HUD Headquarters and the Office of Inspector General