Overview: Established in 2002 by the National Multi Housing Council, the Multifamily Information and Transactions Standard (MITS) initiative is an industry-wide effort by the apartment sector to develop common data transfer standards to facilitate data and systems integration and automation. The MITS standards, which use extensible mark-up language (XML) protocol, are made available at no cost as an industry resource. MITS standards are currently being used to automate a variety of business activities, including resident screening, rent payment, utility billing, rental application processing, and online apartment marketing and leasing. MITS also hosts an independent standard used to automate compliance reporting for the Low-Income Housing Tax Credit program.
Specifications: Available at: http://www.mitsproject.com/Content/BrowseContent.cfm?menuID=425
IPR Policy: Not available
Current Status: Active