Interstate Professional Group
Welcome to Interstate Professional Group Inc, a property preservation and inspection company serving both the government and private sectors. Established in 1996, IPG operates as a prime contractor in over 75% of the U.S. providing property preservation, multifamily construction inspections, and rent comparability studies for the U.S. Department of Housing and Urban Development (HUD) and as a subcontractor for the U.S. Department of Veterans Affairs (VA). Our management team has over 60 years of direct experience working with both HUD and other Federal Agencies. We are committed to assisting the U.S. Government in creating a strong, sustainable, real estate economy by performing rent appraisal comparability studies, protecting, and preserving residential properties and inspecting commercial real estate, leveraging staff and management teams who operate with ethics, honesty, and perseverance.
As a national Property Preservation (PP) firm, our performance has provided our clients (Vendor Resources Management and the Department of Veterans Affairs) with the ability to assign difficult assets to our inventory knowing that we have the expertise to perform when other firms are not able to follow-through with their contract requirements.
Our goal is to provide unsurpassed property preservation while maximizing value and diminishing losses to the lien holder which will enable communities to rebuild and help families realized their dream of home ownership. We ensure properties are safe, sanitary, and secure.
Multifamily Construction Inspections
IPG is a prime contractor acting as HUD’s representative, conducting MFCI and performing various construction inspection tasks. Inspections are made to evaluate the builder’s and supervisory architect’s performance, to obtain construction in accordance with the construction contract documents, and to report on conformance with prevailing wages (when applicable) and other construction contract requirements. For HUD construction inspection tasks, IPG serves as HUD’s representative for HUD forms, procedures, and other related tasks. IPG provides HUD with the field/site data necessary to make informed decisions regarding the construction phase of the HUD multifamily mortgage insurance underwriting and capital advance programs. IPG is responsible for ensuring that the contract manager and inspectors are thoroughly familiar with all HUD programs and procedures as they apply to the duties of the HUD representative and that they remain abreast of all changes to applicable handbooks, publications, and forms.
Single Family Property Inspections
IPG also provides Single Family Property Inspection (SPCI) services, which are required at various points in the mortgage servicing process, including upon delinquency, in foreclosure, and while managing and disposing of real estate owned inventory. These inspections determine the overall condition of the property, security of the house, occupancy status, maintenance and capital repair requirements, neighborhood conformity, and other related information.
Rent Comparability Studies
IPG provides RCS services for HUD properties that have been entered into Section 8 subsidy contracts with HUD. The Section 8 Renewal Policy Guidebook “Guidance for the Renewal of Project-Based Section 8 Contracts, “states that Section 8 contract renewals are authorized under tow provisions MAHRA, an owner is required to submit a RCS prepared by a state certified General Appraiser to initially determine eligibility. HUD separately obtains a RCS developed by a certified General Appraiser and will use that study to verify the accuracy of the owner’s comparability study and to determine ultimate eligibility.
A Few Of Our Satisfied Clients
Contact IPG Today! (817) 917-7023 or (817) 861-9789