@ hcG h.p h$ 5CJ h$ h.p 5CJ , &P / =!"#$% ^ 6 6 6 6 6 6 6 6 6 v v v v v v v v v 6 6 6 6 6 6 > 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 h H 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 2 0 @ P ` p 2 ( 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 8 X V ~ _HmH nH sH tH. 4 | 0.5 0.5 17 17 re (6.1) Owner Annual Certifications 0.5 0.5 17 17 re LIHTC - HPD Tax Credits and Incentives Low Income Housing Tax Credits HPD allocates a portion of the State of New York's federal Low Income Housing Tax Credit allotment - both 9% competitive credits and 4% "as-of-right" credits. (5.3) Year-to-Date Information Rental Housing Tax Credits (RHTC) Rental Housing Tax Credits (RHTC) The Qualified Allocation Plan (QAP), details selection criteria and application requirements for the Rental Housing Tax Credit (RHTC) and multifamily tax-exempt bond programs. LIHTC Compliance Manual 2017 Certification On Line Manual (COL) Novogradac Rent & Income Calculator Rent & Income Calculator Novogradac Housing Disaster Relief Housing for Displaced Residents Nevada Nevada Displaced Household Certification Owners Request for Emergency Housing Relief endstream endobj 167 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 36,000. 01/19Change in System Contact Form(Word). 0.5 0.5 17 17 re Low-Income Housing Tax Credit Program Compliance Program compliance forms and information on this page is updated frequently. 0.5 0.5 17 17 re @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > You should always consult with your retained professional advisor(s) concerning your particular circumstances. 0 0 18 18 re Michigan LIHTC Compliance Manual Checklist - MSHDA Programs - This form lists all of the sources of income and types of assets held by the applicant. (2.13) Mixed-Income Buildings with Different Sized Units f (9.5) Required Document for All Transfers 1230 O Street, Suite 200 LIHTC/Tax Exempt Bonds without Section 8 rental assistance and which have reached the end of their initial tax-credit compliance period. 04Gy(U!sP@1zP0R)#9;~A~~fKrq9d>+mEptD^ENZc5=qTpKfI=D&B#OUHuHMHu|JCBC*B*CCjBaaa*aacnj0yzFMGGCBC1|na/nfQ@H`V~!qJnL[$n1E+S#"AG^Y7C m 0 (fD}Z(Z47YYmZi7/l#(\'6}jI9f~K4f-nL. (2.16) Changes in Allowance 0.75293 g H Census Population Estimates 2015-2019. The one year period begins once this step is complete. (5.6) Picture Identification Energy | (5.2) Verification (5.21 Additional Income and Asset Information Sample Pro-forma - Non-Habitat. 0.75293 g Calculation of Qualified Contract Price Worksheet (Blank) (Word) 10/17Auditor-Inspector Customer Service Survey(Word) 01/23NSP Rent and Occupancy Report (for NSP Projects Only)(Excel), 01/23HTF Rent and Occupancy Report(PDF) (2.16) Appendix O 1 g 0 0 18 18 re (1.6) Tax Credit Only Properties What Could Debt Limit Negotiations Mean for Housing and Community Development? Your compliance analyst will review all materials provided and issue an approval once we have established that the household is qualified for the LIHTC program. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > PowerPoint Slides (PDF) (12.1) Introduction Exhibit A-22: Authorization for Release of Property Information. (1.5) Restricted Rents Qualified Contract Notification Letter (PDF) 01/2020 At a minimum, theDevelopment Owner must provide the following to NIFA: Qualified Contract Notification Letter 0 0 18 18 re IRS Form 8609- Low Income Housing Credit Allocation Certification Forms of Verification (PDF), Chapter 5, Exhibit 1: H I | endstream endobj 155 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Appendix N Forms of Verification (PDF) Learn through self-paced online trainings, recorded webinars, and more. . endstream endobj 147 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream theirPortfolio Analyst. Stream Presentation on Vimeo (32 @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > LIHTC Lease Addendum (Word). s 1 g Event Calendar endstream endobj 125 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream MP4 of Federal Low Income Housing Tax Credit A significant change in the method by which the federal government assists the development of affordable housing was born with the passage of the Tax Reform Act of 1986. 1000 2nd Avenue, Suite 2700, endstream endobj 104 0 obj <>/Subtype/Form/Type/XObject>>stream 06/14HUD 50059Sample Form L 01/23HOME/NSP Owner's Certification of Continued Program Compliance(Word), 01/23HOME Rent and Occupancy Report (for HOME Projects Only)(PDF) E-08 Notice of Intent to Clear Land. Virtual and in-person training opportunities will be available to learn about the new manual. 10/17Compliance Officer Customer Service Survey(PDF) 90% percent or more of the units must be restricted for LIHTC occupancy and the market analysis, appraisal and underwriting must conclude that the achievable LIHTC unit rents will be at least Rev 02/2009, Sample Utility Allowance Schedule (PDF)Rev 02/2009, Public Housing Authorities Link Rev 02/2009, Forms ~ State; This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. Act as a facilitator for requests of prospective purchasers by referring them to the appropriate contact personsfor the Development Owner. Attachments G 11/15Common Area Unit Designation(Word), 01/19First Year Credit Statement(PDF) To accept cookies and close this box, click I agree. TheDevelopment Owner must certify to the following: If NIFA finds a prospective purchaser willing to present an offer to purchase theDevelopment for an amount equal to the Qualified Contract Price, theDevelopment Owner must agree to enter into a commercially reasonable form of earnest money agreement or other contract of sale for the Development and provide a reasonable time for necessary due diligence and closing of the purchase. Clarification Form. EMC H Explore collections of guided learning opportunities on a variety of topics. 07/14LIHTC Compliance Policy #10, Owner Physical Inspection Certification Forms: f (2.19) Demographic Data Collection Ltd. purchased machinery worth 9,00,000 (excluding GST) on 20-07-2017 on which it paid GST @ 18%. 10/17Compliance Officer Customer Service Survey (Word). f 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq Application Materials 2022-2023. . you Income/asset verifications and other forms. f The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. items 2,3,4, and 6 only Handbook 4350.3, Change 4 (Excerpts) Rev 11/2014 Grantees are encouraged to . (4.2) Restricted Rent Requirements (5.1) Summary 15 Streamlined Monitoring - Property List (PDF), Post-Year 15 File Audit Forms - Complete through the CARS application on the Online Systemspage. s Revised October, 2018: Each time a revision is made to the Tax Credit Compliance manual, it will be . As the monitoring entity for the IRS on the LIHTC Program and HUD on the HOME, CDBG and ESG Programs, DHCD reports directly to them on issues of non-compliance. IRS Form 8611- Recapture of Low Income Housing Credit IRS Form 8586- Low Income Housing Credit endstream endobj 100 0 obj <>/Subtype/Form/Type/XObject>>stream D Town of Stoddard, 1450 Route 123 North, Stoddard, NH 03464-4153 Ph: 603-446-3326 Fax: 603-446-2278 Government Websites by CivicPlus endstream endobj 162 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 113 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (7.1) Noncompliance with IRS Program Requirements A list of links and resources curated for LIHTC property owners and managers, Litigation Support and Expert Witness Testimony, Novogradac Property Compliance Certification, Novogradac Community Development Certificate, Renewable Energy Tax Credit Resource Center, HUD Handbook 4350.3: Occupancy Requirements of Subsidized Multifamily Housing Programs, Civil Rights and Nondiscrimination Requirements, Income and Assets - Included and Excluded, Rectifying Improper or Inaccurate Information, Discriminatory Conduct Under the Fair Housing Act, Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition, Election for Number of Bedrooms for Gross Rent Limitation, Safe Harbor to Comply with Eviction and Rent Increase Restrictions in LIHTC Extended Use Commitments, Income Determination Follows Section 8 of U.S. Housing Act of 1937, Safe Harbor for over income tenants during first year of the credit period, Utilities Paid by Tenant of Submetered Rent-Restricted Units, Assignment of Building Identification Number, Extended Use Agreement for Allocations Prior to 1990, Long Term Commitment to Low Income Housing, Manager Unit and Application Fees in Rent, Acq/Rehab of a Residential Rental Property, Earthquake Relief for Compliance Monitoring, Issues Arising when Qualified Low-Income Buildings are Damaged By Casualty, Links to States' LIHTC Compliance Guidance, Sign Up For Novogradac Industry Alert Emails, Tackling Homelessness as a Housing Supply Problem. Owners committing compliance violations may be subject to administrative and judicial sanctions pursuant to remedies afforded NIFA in the LIHTC LURA. 0 0 18 18 re Rev 02/2009 Learn about what HUD grantees are doing across the nation. (5.17) Individual Retirement, Keogh, and 401(k) Accounts Chapter 5, Exhibit 2: Assets (PDF), Utility Allowance Procedures for LIHTC Properties (PDF) /Tx BMC 0 0 18 18 re (11.4 Special-Needs Set-Asides hbbd```b``)90L.DV!ARx Lz`|q&8X3 Sn>8}]"gqHV_0LJH q6 n 7&` q0? ^; For more information about how we use cookies, see our Privacy Policy. s Child Support Affidavit 131. 0 0 18 18 re Date. (11.2) Annual Reports 10/28/2022. - If Tax Credit Property, refer to IRS Section 42 - If Section 8(HUD) & Tax Credit, the most restrictive rule applies 15 Streamlined Monitoring - Property List (PDF) Rev. 0.5 0.5 17 17 re It is highly recommended that Owners and Agents check this page regularly to obtain the most current information and latest forms. Exhibit A-21: Notice to Residents of Managements' Intention to submit a Rent Increase Request to MHDC for Approval. 0.5 0.5 17 17 re IRS Rev . 0.5 0.5 17 17 re Videos, IRS The course is customized to highlight Nebraska state specific policies and procedures in addition to federal requirements. 07/03RHS 1944-8Sample Form. The IRS requires that Tax Credit monitoring agencies use the UPCS Inspection Protocol to monitor the physical standards of LIHTC and HOME properties. endstream endobj 106 0 obj <>/Subtype/Form/Type/XObject>>stream H minutes), Explanation of WSHFC's Special-Needs Housing Commitments, Information for Real Estate Professionals. (8.1) Income Restrictions, Property Transfers f Compliance Materials Rent Change Requests Manuals & FAQs Exhibits & References Required Forms H 2023 All Rights Reserved, NYC is a trademark and service mark of the City of New York, 2023 HOME and LIHTC - Income and Rent Limits for NYC, 2023 LIHTC Income -Averaging Project - Income and Rent Limits for NYC, HPD Annual Owner Certification Form Part A, HPD Annual Owner Certification Form Part B, HPD eRent Roll Template - Including Instructions, Tenant Income Certification Form Instructions, Investment or Pension or Annuity Verification, Student Status and Financial Aid Verification, HUD Handbook: Income Inclusions and Exclusions, Compliance in HOME Rental Projects: A Guide for Property Owners, HOME and Low Income Housing Tax Credit Guidebook, Advisory for HOME and LIHTC Property Owners Regarding the Violence Against Women Act, Highlights of Changes in the 2013 HOME Final Rule (changes in compliance monitoring for HOME projects funded after August 23, 2013), IRS Guide for Completing Form 8823, LIHTC Noncompliance or Building Disposition, IRS Guidance:Electronic Signature Program. A current and complete rent roll for the entire Development. Current Rules Compliance Monitoring Rule - Texas Administrative Code Title 10 Chapter 10 Subchapter F (Secretary of State website) (effective 11/03/2022) H Videos 05/2008, Reporting & /Tx BMC H Presentation (24MB), Explanation of WSHFC's Special-Needs Housing Commitments06/2010, Income Every TCS online class includes both an instructor and teaching assistant to ensure your questions are addressed quickly and accurately. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq Development Owners who believe the development they own is eligible for the option year should contact NIFA. POSITION: Regional Manager, Affordable Housing. 11/2017 Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | Tax Credit developments allocated federal low income housing tax credits in 1990 and thereafter may be eligible to make a qualified contract request to NIFA in 2005 and beyond. \` ,u Fax: E | Use to document information obtained verbally or to explain any unusual circumstance in the file. Request in-depth assistance with implementing a HUD-funded program. (2.1) Summary If there are questions regarding Compliance Forms, please email Compliance Monitoring Unit or call (517) 241-2560. 0 0 18 18 re 120 122/123 PPMG. endstream endobj 132 0 obj <>/Subtype/Form/Type/XObject>>stream TENANT FILE - REVIEW CHECKLIST . Rev 10/2018 (5.19) Lump-Sum Receipts 0 0 18 18 re Owners of affordable housing with this type of funding must comply with applicable federal Regulations, and HPD is legally required to monitor compliance to ensure continued affordability and habitability. EMC Housing Bonds |Special Programs: f Data-driven decision-making: CFOs must be able to analyze financial data and trends . s 0.5 0.5 17 17 re Chapter 5, Appendix 3:Acceptable Owner Utility Estimate Checklist - Methods 6-8 (PDF) Accordingly, the credits allocated to this would increase as follows: 2015: 39.15M population x $2.30 multiplier = $90.05M credits. The following forms are for use by Management Agents to provide Development Information for and to notify the Compliance Monitoring Unit of Management Agent Updates. (11.5) Utility Allowances It was created under the Tax Reform Act of 1986 and gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income Americans. EMC NCHM is one of the largest, oldest, and most respected credentialing agencies in the country and the only one specifically established by HUD to train and certify housing professionals. /Tx BMC F | This program has been the largest driver of the production of new affordable . Utility Allowance Procedures for LIHTC Properties - Summary of State Requirements (PDF) Rev 09/2019 (5.20) Assets Disposed of for Less than Fair Market Value E-05 Checklist for Tribal Consultation under Section 106. D. H 1 g The notification letter also states that the owner should not include any nonqualified low income housing units when computing the LIHTC under IRC 42 and that the noncompliance may result in the recapture of previously claimed credits. Agree to allow NIFA to post summary data about theDevelopment on NIFAs website. Determining Income and Calculating Rent (PDF), Chapter 5, Appendix 3:Acceptable Ask a basic policy or reporting system question. For questions or problems concerning the following compliance forms, contact the PC help desk. H 1 | Bond Compliance Manual $ 8p a$ $ 8p a$gd$ $ 8p a$gde $ R8p p^p`a$ $ 8p a$ J K ^ _ ` a ` a b c 2 3 4 G H I J O V " h$ 5CJ hcG j hcG Uh.p 5>*OJ QJ hik CJ OJ QJ h.p CJ OJ QJ h.p >*CJ OJ QJ h.p h.p OJ QJ h$ CJ OJ QJ h$ >*CJ OJ QJ J K ^ ` 3 4 G $a$ 8p gd$ $ 8p a$gd$ $ 8p p^p`a$ $ 8p a$ $ 8p a$ = > ? s s 03/14Owners Certification Attachment A(Word). (5.4) Include Raises When Calculating Wages E-09 Case Study Example. f NCHM is the best source for LIHTC Certification through Tax Credit Specialist (TCS), the premier accreditation program in the industry, delivered online by leading experts. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq Post the Development information on NIFAs website. 0 0 18 18 re endstream endobj 134 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC 0 0 18 18 re (5.10) Unemployment, Disability, Worker's Compensation, Severance Pay Allowance Spreadsheet - Method 6 (Excel), Stream Presentation on Vimeo (32 endstream endobj 171 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 128 0 obj <>/Subtype/Form/Type/XObject>>stream \` ,u endstream endobj 101 0 obj <>/Subtype/Form/Type/XObject>>stream 12/14Tenant Income Certification (TIC)(Word) (Mandatory Form) Sections 3.4, 3.5, & 3.7. 0.5 0.5 17 17 re LIHTC Projects for Sale Under Qualified Contract For 9% Tax Credit Allocation Developments: Margaret Feml, Asset Management Unit Phone (518) 486-6273; Fax (518) 486-3366 NYS Homes & Community Renewal The Hampton Plaza 38-40 State Street, Albany, NY 12207 9% Developments for Sale through Qualified Contract: None at this time The Low-Income Housing Tax Credit (LIHTC) program (also known as Section 42) is the federal government's primary method of funding new affordable rental housing in the USA. 01/05Income Certification for 125-150% AMGI(Word), 11/13HUD 50058Sample Form The report identifies the location of the violation and generally explains what caused the non-compliance and the action necessary to remedy the non-compliance. endstream endobj 156 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 159 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Well, between 2015 and 2016 the population of California grew from 39.15 million to an estimated 39.35 million. f Income Certification (TIC, IC HEC, etc.) A program to increase small-scale rental development units in rural areas. 01/19Notice Of Change In Management Agent(PDF) H Calculation of Qualified Contract Price Worksheet (Sample) (Word), Post-Year 15 Monitoring Procedures (PDF) Rev 03/2017 \` ,u Multifamily Capital Fund Initiative Application Open. 1 g IRS endstream endobj 158 0 obj <>/Subtype/Form/Type/XObject>>stream H Tax credit compliance monitoring for those projects will be done by the entity that first allocated credits to the project unless the allocators make other arrangements regarding the project. H 05/20Owner's Certificate and Attachment A Instructions \` ,u Grantees are encouraged to adapt the suggestions to fit the resources within their individual communities and to meet the needs of their program. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq We offer health, vision, dental, and pet insurance. hZ{o8*npmS4v c,y%|3$%++M`|djLG$g,Iq!H+hOx. 0 0 18 18 re The Federal Low-Income Housing Tax Credit was created by the Tax-Reform Act of 1986 and extended by the revenue Reconciliation Acts of 1989 and 1992 in order to encourage the private sector to invest in the construction and rehabilitation of housing for low- and moderate-income families. s Averaging Guidelines (PDF) NEW 05/01/2020, Home|About | Tax Credit Compliance Procedures Manual was designed to give property owners and 01/23HOME Rent and Occupancy Report (for HOME Projects Only(Excel), 01/23NSP Rent and Occupancy Report (for NSP Projects Only)(PDF) 08/20Notice Of Change In Ownership(PDF) (7.2) Commencement of Correction Period Loan sizing ratios under 220, 223 and 231 are provided, and these apply to Tax Credit projects underwritten for each program unless adjusted for the New Pilot in separate guidance. endstream endobj 131 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 42 of the Internal Revenue Code of 1986, the Tax Credit Regulatory Agreement ("TCRA"), the Compliance Monitoring Agreement, the Qualified Allocation Plan ("QAP") and other legal governing documents. Environmental Review, Davis Bacon, Relocation, Fair Housing and Section 3 requirements are also monitored as they relate to these programs. endstream endobj 111 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Developers & Contractors Environmental Review. Review theDevelopment Owners packet of due diligence materials and agree on an appropriate Qualified Contract Price (QCP). \` ,u contains the official notification of any non-compliance and lists each type of non-compliance. (9.9) For Changes to Limited Partner or Upper Tier Member please provide 0.75293 g State and national links to homeless and special housing needs information. s (2.19) Inspections endstream endobj 99 0 obj <>/Subtype/Form/Type/XObject>>stream Funds 7 | (9.2) Types of Transfers or Assignments Requiring Commission Consent 3 | Tax Credit Specialist is the premier course for earning your LIHTC certification. (9.8) Specific Documentation Required for Sale of Property (Assumption by Original Nonprofit Sponsor) They understand that NIFA has made no independent investigation of theDevelopment Owners submissions and cannot attest to their accuracy or completeness. These checklists are not required to be completed by owners and managers. /Tx BMC LIHTC Compliance Manual REVISION LIST. 1 g The Tax Compliance/Operations - AVP role is a position within the Firm Tax Department of the Finance Division of The Carlyle Group, which is responsible for Firm level Corporate and Partnership . (5.6) Written Verification (9.2) Transfers to Owners with No Previous Tax Credit Experience @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Compliance Online Reference Manual Assisting in the Development and Maintenance of Quality Rental Housing Communities Affordable to . Annual Reports, Interim Information| Privacy Notice P \ Le$A2* endstream endobj 98 0 obj <>/Subtype/Form/Type/XObject>>stream H endstream endobj 124 0 obj <>/Subtype/Form/Type/XObject>>stream (9.5) Specific Documentation Required for Sale of Property This is the country's most extensive affordable housing program. 0.5 0.5 17 17 re (2.4) General Prohibition Against Student Housing The Low-Income Housing Tax Credit (LIHTC) program is a tax incentive program designed to increase the supply of quality, affordable rental housing by helping developers offset the costs of rental housing developments for individuals with low- to moderate-income. s Bond Compliance Reports - SUBMISSION PROCEDURES FOR JANUARY 2023 Rev 12/2022. Non-compliance can result from moving in non-eligible households, miscalculating rent, or a wide range of other issues. 01/19Notice of Building Casualty Loss or Damage(Word) Compliance Forms Home Compliance Forms Compliance Forms Property managers or owners of OHFA-funded communities need to complete various forms in order to certify your residents are qualifying for housing. endstream endobj 138 0 obj <>/Subtype/Form/Type/XObject>>stream The current yearly cap is $10,000,000. (1.8) Tax Credit Properties with Tax-Exempt Bonds, Federal Requirements (9.3) Fees Child Support Income (Part 380) HUD 50058 & HUD 50059 forms (Chapter 11) HUD 9887 and HUD 9887A forms (Part 634) Lease Agreement (Part 630). endstream endobj 145 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 148 0 obj <>/Subtype/Form/Type/XObject>>stream 1 g Post-Year 15 Streamlined Monitoring Procedures Overview - Recorded Webinar (MP4 0 0 18 18 re (6.7) IRS Forms 8609, Schedule A and 8586 endstream endobj 142 0 obj <>/Subtype/Form/Type/XObject>>stream (5.3) Determining Annual Wage Income 0 0 18 18 re endstream endobj 119 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream A. WSHFC 94 0 obj <> endobj Tenant File Forms Section 8 and 236 properties are requires to use specific leases which must be U.S. Department of Housing and Urban Development (HUD) approved. What are the eligibility requirements for the ADA Tax Credit? In addition, developments must adhere to a minimum Extended Use Period of an additional 15 years. 0.5 0.5 17 17 re Resources: /Tx BMC They should be able to provide insights on financial matters and help drive the organization's growth strategy. 09/04Annual Project Summary(Word). See Developments Currently Eligible for a Qualified Contract Request. 03/20 Request To Eliminate Re-certifications(Word). 0.75293 g NIFA performs desk audits, inspects housing, and reviews tenant files. (9.5) Contact Information endstream endobj 136 0 obj <>/Subtype/Form/Type/XObject>>stream H Exhibit "B" to Regulatory Agreement (PDF) 1 g 03/20 Request To Eliminate Re-certifications(PDF) Once the noncompliance is resolved, NIFA will file a corrected (back in compliance) Form 8823. Powerpoint (PDF) Credit|Bond/Tax Credit| 2016: 39.35M population x $2.35 multiplier = $92.47M credits. /Tx BMC (5.5) Outside Agency Verifying Income (2.7) Common Areas (2.3) Fair Housing 0.75293 g (3.8) Marketing and Good Faith Efforts (the "30-Day Rule") s (9.1) Summary (12.3) Annual Reports 1 g Compliance monitoring is basically comprised of three processes: Review of Annual Owner Certifications submitted by March 1st, to ensure income-qualified tenants are paying rents which are below the mandated limits. (2.10) Mixed-Income Properties Inspections 128 127. Please check off each item as it pertains to the property and submit complete package on or before January 31st. N (Not Applicable) Activity is not applicable to this . If NIFA does not present a Qualified Contract before the one year period expires, the restrictions of the LURA will cease; provided that the Development will remain subject to the requirements set forth in Section 42(h)(6)(E)(ii); that is, for a three year period commencing on the termination of the extended use period, theDevelopment Owner may not (i) evict or terminate a tenancy (other than for good cause) of an existing tenant of any low income unit, or (ii) increase the gross rent with respect to any low income unit except as permitted under Section 42 of the Code, as well as the requirements of the LURA. Some of the information may have been provided by third parties and is based solely on information provided to Novogradac by that third party. H H f 0 0 18 18 re @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > /Tx BMC endstream endobj 165 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 253 0 obj <>stream TC BD. FUNDING INVOLVED: (Check all that apply) LIHTC OAHTC RISKSHARE CONDUIT ELDERLY/DISABLED PB-Section 8 Housing Plus Trust Fund GHAP NSP2 HPF Other: . A Certification is required by most property management companies, local housing authorities, owners and others involved in LIHTC housing for any of their staff who are involved in determining if an applicant for tax credit housing is eligible and if a tax credit property complies with the various rules of the program as set forth by the IRS and HUD. 1 g 116; Tenant/Resident Release and Consent 24 % % TICQ/ Income Certification Checklist/REA 117. 0.75293 g Allowance Spreadsheet - Method 6 (Excel), Webinar 10/08 HERA of 2008 Update Memorandum This can occur, at the Development Owners election, any time after year 14 in a 30-year Land Use Restriction Agreement (extended use agreement or LURA) or after year 29 in a 45-year LURA. 10/08Affidavit of Income Self Certification(Word), 12/14Tenant Income Certification (TIC)(PDF) (Mandatory Form) List theDevelopment for sale with a qualified sales agent or attorney who is qualified to sell affordable multifamily housing developments. endstream endobj 135 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (2.14) Available Unit Rule and 100% Affordable Properties \` ,u 0.5 0.5 17 17 re (5.3) Overtime endstream endobj 143 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream We use cookies on this site to provide a better experience with content and analytics. endstream endobj 164 0 obj <>/Subtype/Form/Type/XObject>>stream Commission-issued low-income housing tax credits were used to finance a | H f (3.1) Summary of State Requirements endstream endobj 141 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > 0 0 18 18 re B. WSHFC Owner Certificate of Utility Estimate (PDF) Careers |Commissioners | Contact Us It contains examples of records that can be maintained to support Section 3 compliance during a HUD compliance review.
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