Starta Development Releases Tax Credit Allocation Management System

Nov. 4, 2008 - PRLog -- Raleigh, North Carolina, October 25, 2008:  Starta Development today announced its ability to manage tax credit allocations via a secure, web-based service. Although its service remains the most robust tool for the development of affordable housing communities, Starta has added specialized features to track the full-life cycle of tax credit allocations.
Christopher M. Park, Starta’s Chief Technology Officer, explains that “the Starta Enterprise System combines features typically found in CRM, ERP, project management, and document management systems to give your staff a consolidated view of your business.  Our robust framework allows you to quickly get your current projects up and going, while our deep customization options and custom programming services allow you to tailor the system to your exact needs.”

“This is a major step forward for Starta,” notes Gordon Blackwell, Starta’s president. “Syndication of tax credits remains a challenging operation with increasing business risk. Starta minimizes these risks by integrating client-created forecast models in Microsoft Excel that synchronize with Starta's financial modeling engine. As the models are revised and uploaded, Starta imports hundreds of variables and captures snapshots of every worksheet.  This process enables analysts to make accurate and timely decisions.”


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.