f H Contact Us /Tx BMC endstream endobj 110 0 obj <>/Subtype/Form/Type/XObject>>stream File) 11/2017, Recertification Waiver Procedure (PDF) (9.8) Specific Documentation Required for Sale of Property (Assumption by Original H B (2.2) For Use by the General Public 0 0 18 18 re This may include providing copies of additional rent rolls,development tax returns, income certifications, repair and maintenance records, operating expenses and debt service information, and other due diligence documents. 0.75293 g A fully completed "Calculation of Qualified Contract Price" form, including Worksheets A - E. This form must be completed or approved (in writing), by a third party accountant or similar professional. LIHTC Compliance Manual 2019. Exhibit A-2: Project Owner's Management Agent Certification. What Could Debt Limit Negotiations Mean for Housing and Community Development? @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > 0 0 18 18 re 03/14Owners Certification of Completion of Repairs(Word) Find point of contact information for HUD's grantees. The following forms are for use in creating tenant files: 10/08Affidavit of Income Self Certification(PDF) LIHTC Newsletter # 45 (PDF) Provides clarification about utility allowance and gross rent violations for the Housing Tax Credit program. Annual Reports, Interim Information| Privacy Notice f Policy Regarding Vacancies Pending a . NOFA and grant programs for nonprofit agencies and local units of government. Resources and assistance to support HUD's community partners. 01/19Notice Of Change In Management Agent(PDF) H 0.5 0.5 17 17 re 20,000. (5.1) Summary 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. H endstream endobj 156 0 obj <>/Subtype/Form/Type/XObject>>stream Calculation of Qualified Contract Price Form and Worksheets (2.4) General Prohibition Against Student Housing Housing Tax Credit (LIHTC) The Housing Tax Credit Program (LIHTC) is designed to provide for-profit and nonprofit developers with an incentive to create and maintain affordable housing. LIHTC Ownership Capacity Certification Form endstream endobj 149 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (PDF) Rev 11/2014 0 0 18 18 re 10/17Compliance Officer Customer Service Survey(PDF) 03/20 Request To Eliminate Re-certifications(Word). Rev 10/2018 0.5 0.5 17 17 re This website provides links to websites owned by other parties. @ $a$ $a$ " * ; = > ? It contains examples of records that can be maintained to support Section 3 compliance during a HUD compliance review. endstream endobj 147 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 118 71 205. Properties may generate a LIHTC for investors. (3.7) Farmworker Housing endstream endobj 132 0 obj <>/Subtype/Form/Type/XObject>>stream Agree to allow NIFA to post summary data about theDevelopment on NIFAs website. 05/20Owner's Certificate and Attachment A Instructions f 0.5 0.5 17 17 re EMC H If the owner is reported as out of compliance, the IRS sends a notification letter to the owner identifying the type of noncompliance reported on Form 8823. Policies)Rev 02/2009, Compliance Monitoring Fees (PDF) Rev 05/01/2020, Sample endstream endobj 112 0 obj <>/Subtype/Form/Type/XObject>>stream LIHTC PROGRAM COMPLIANCE CHECKLIST HOME PROGRAM COMPLIANCE CHECKLIST (Use a separate Checklist per Applicant/Tenant) NAME: Phone #: Unit # PRELIMINARY ELIGIBILITY DETERMINATION Required Completed Completion of Applicant/Tenant Questionnaire Explanation of HOME Program and Requirements Rental Application Completed and Approved (6.1) Summary 0 0 18 18 re A detailed set of digital photographs of the Development, including the interior and exterior of representative apartment units and buildings, and the Development's grounds. endstream endobj 143 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 142 0 obj <>/Subtype/Form/Type/XObject>>stream (5.19) Personal Property Held as an Investment Resources: Contact txcr.multifamily@nifa.org if you have any questions. 07/14LIHTC Compliance Policy #10, Owner Physical Inspection Certification Forms: Find answers to frequently asked questions. Find award and allocation amounts for grantees by year, program, and state. EMC What are the eligibility requirements for the ADA Tax Credit? 1 g Rev 12/29/2022, Regulations & Other Authority (PDF)| s Recertification Elimination Forms Homeless & Special Housing Needs Programs, Housing Opportunities Promoting Energy Efficiency Program (MI-HOPE), https://dev.michigan.local/som/json?sc_device=json, Performance Based Contract Administration, Go to COVID Emergency Rental Assistance (CERA), Go to Homeless & Special Housing Needs Programs, Go to Michigan's Campaign to End Homelessness, Go to Multi Family Direct Lending Programs, Go to Low Income Housing Tax Credits (LIHTC), Go to Housing Opportunities Promoting Energy Efficiency Program (MI-HOPE), MSHDA 2022 Annual Certification Year End Reporting Memorandum, New MSHDA Inspection Requirements Memorandum, Carbon Monoxide Detectors & IRS Final Regulations for LIHTC Memorandum, Auditor-Inspector Customer Service Survey, Compliance Officer Customer Service Survey, Notice of Building Casualty Loss or Damage, Owner's Certificate and Attachment A Instructions, Owners Certification of Completion of Repairs, Annual Student Eligibility Certification LIHTC & Tax Exempt Bond, Annual HOME Certification of Student Status, Authorization to Release Information for Section 8 Participants, LIHTC/1602/TCAP Owner's Certification of Continued Program Compliance, HOME/NSP Owner's Certification of Continued Program Compliance, HOME Rent and Occupancy Report (for HOME Projects Only), HOME Rent and Occupancy Report (for HOME Projects Only, NSP Rent and Occupancy Report (for NSP Projects Only), Combined Application for Rental Housing Programs, The deadline for submission of the 2022 Owner's Certification for all LIHTC, 1602, TCAP, HOME, NSP and HTF developments is. Compliance FAQs TENANT FILE - REVIEW CHECKLIST . Fax: (9.3) Conditions and Consent hb``f``d f 0.75293 g /Tx BMC endstream endobj 118 0 obj <>/Subtype/Form/Type/XObject>>stream 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq E-09 Administrative Record. (11.3) Re-Certifications @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Compliance Materials Rent Change Requests Manuals & FAQs Exhibits & References Required Forms 2023 US Department of Housing and Urban Development, Section 3 HUD Compliance Review Checklist. (9.3) Fees Sample Pro-forma - Non-Habitat. H 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq 0 0 18 18 re Rather, NIFA is simply sharing information about the Development for the convenience of the respectiveDevelopment Owners who are attempting to sell their developments at a Qualified Contract Price. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > endstream endobj 155 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 133 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (2.11) Available Unit Rule and Mixed-Income Properties 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq NIFA may, in its sole discretion, on its own behalf or on behalf of another party, elect to submit a Qualified Contract to purchase the property. 0 0 18 18 re H (2.3) Violence Against Women Act (VAWA) endstream endobj 129 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (1.6) Tax Credit Only Properties Compliance Online Reference Manual Assisting in the Development and Maintenance of Quality Rental Housing Communities Affordable to . 1998-2018 All Rights Reserved, 1000 2nd Avenue, Suite 2700, s 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 (2.14) Available Unit Rule and 100% Affordable Properties endstream endobj 168 0 obj <>/Subtype/Form/Type/XObject>>stream Low Income Housing Tax Credit Check List for Annual Compliance Packages This check list must be used when submitting compliance packages to the Agency for approval. E-05 Checklist for Tribal Consultation under Section 106. (12.5) Noncompliance Information about the Project Based Voucher program. Bond Compliance Manual WBARS s endstream endobj 152 0 obj <>/Subtype/Form/Type/XObject>>stream Download. | H | 1 | It is highly recommended that Owners and Agents check this page regularly to obtain the most current information and latest forms. s In compliance with the Federal Tax code, the HMFA conducts annual file and physical inspections for 20% of the 66,000 units it monitors for 1/3 of the projects in its portfolio. Videos 05/2008, Reporting & 10/28/2022. The following forms are for site use in filing a project's annual year end reports. The credit note should be issued for the excess value of supply charged in the invoice, i.e. (2.19) Demographic Data Collection s Join our mailing list to receive the latest industry news and training updates. 06/14HUD 50059Sample Form (2.16) Appendix O Income Inclusions and Exclusions (PDF) (11.5) Additional Low-Income Housing Use Period Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | Q, Introduction View important LIHTC Compliance forms and documents The Tax Credit Compliance Procedures Manual was designed to give property owners and managers step-by step instructions on how to fulfill compliance requirements if Commission-issued low-income housing tax credits were used to finance a property. Environmental Review, Davis Bacon, Relocation, Fair Housing and Section 3 requirements are also monitored as they relate to these programs. (8.1) Income Restrictions, Property Transfers s (3.3) Persons with Disabilities The Accordingly, the credits allocated to this would increase as follows: 2015: 39.15M population x $2.30 multiplier = $90.05M credits. 0 0 18 18 re (9.4) Timeframe and Completeness 01/23HTF Rent and Occupancy Report(Excel), 01/18Utility Allowance Documentation(PDF) "Jcl~Q'16I"Fe\rIi "&.#"N6s 8.:J`D(lJ" yHH s LIHTC VAWA and Manager's Unit Guidance. 0.5 0.5 17 17 re See Developments Currently Eligible for a Qualified Contract Request. Washington State Housing Finance Commission IRS Rev . endstream endobj 122 0 obj <>/Subtype/Form/Type/XObject>>stream 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq contains the official notification of any non-compliance and lists each type of non-compliance. (2.7) Common Area Units \` ,u endstream endobj 107 0 obj <>/Subtype/Form/Type/XObject>>stream Child Support Affidavit 131. (5.18) Mortgage or Deed of Trust The building must remain in compliance and is subject . endstream endobj 123 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Rev 02/2009 L K | (3.6) Housing for the Elderly H (1.3) Compliance Basics NIFA is responsible for monitoring compliance with the requirements of Internal Revenue Code (IRC) 42 for LIHTC developments in Nebraska. $ 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$ = > ? Income Inclusions and Exclusions (PDF), Utility Allowance Procedures for LIHTC Properties (PDF), A. WSHFC (5.9) Alimony and Child Support (7.3) Properties Approved for Post-Year 15 Monitoring Procedures or (12.3) Annual Reports 01/19First Year Credit Statement(Word), 08/16List of Unit Numbers(PDF) (3.1) Introduction (4.4) Model Units The LIHTC was created in 1986 to encourage a private/public investment to preserve and construct new affordable rental housing. Using HUD's inspection protocol for tax credit properties is more than just doing a REAC Inspection. 01/19Change in System Contact Form(PDF) endstream endobj 141 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream minutes), Explanation of WSHFC's Special-Needs Housing Commitments, Information for Real Estate Professionals. f \` ,u (12.1) Introduction s Rev 02/08/2022 2023 LIHTC Compliance Virtual Workshop #1; 2023 LIHTC Compliance Virtual Workshop #2; . All units must have a valid lease. Novogradac does not provide investment advice and any information on Novogradacs website is not to be construed as a recommendation to engage in a transaction with a particular party. 0.75293 g N | M | Community Housing Development Organization Certification Application. endstream endobj 100 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 115 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0 0 18 18 re 0.5 0.5 17 17 re Multifamily Capital Fund Initiative Application Open. endstream endobj 98 0 obj <>/Subtype/Form/Type/XObject>>stream H HM Other. endstream endobj 108 0 obj <>/Subtype/Form/Type/XObject>>stream 11/15Annual Student Eligibility Certification LIHTC & Tax Exempt Bond(Word) (Mandatory Form), 10/15Annual HOME Certification of Student Status(PDF) (Mandatory Form) /Tx BMC \` ,u IRS Form 8586- Low Income Housing Credit 1000 2nd Avenue, Suite 2700, HUD Handbook 4350.3: Occupancy Requirements of Subsidized Multifamily Housing Programs (November 2013), Civil Rights and Nondiscrimination Requirements (HUD 4350.3, Chapter 2), Eligibility for Assistance and Occupancy (HUD 4350.3, Chapter 3), Income and Asset Determination (HUD 4350.3, Chapter 5), Income and Assets - Included and Excluded (HUD 4350.3, Chapter 5), Exhibit 5-1: Income Inclusions and Exclusions, Acceptable Forms of Verification (HUD 4350.3, Appendix 3), Security Deposits (HUD 4350.3, Chapter 6), Termination of Tenancy (HUD 4350.3, Chapter 8), Rectifying Improper or Inaccurate Information (HUD 4350.3, Chapter 8), Discriminatory Conduct Under the Fair Housing Act (24 CFR, Part 100), Guide for Completing Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition (October 2009), Recommended Practices in Compliance Monitoring, Capital Needs Assessments, Operating Cost Databases, and Accountant Opinion Letters, Gross Rent Floor (Revenue Procedure 94-57), Election for Number of Bedrooms for Gross Rent Limitation (Revenue Procedure 94-9), SSI Payments Excluded From Rent (PLR 9526009), HUD Notice Calculating Section 8 Rents (PIH 2003-32), HUD Notice Calculating Section 8 Rents (PIH 2003-22), Safe Harbor to Comply with Eviction and Rent Increase Restrictions in LIHTC Extended Use Commitments (Revenue Procedure 2005-37), Decrease in Area Median Gross Income (Revenue Ruling 94-57), Combined Income of Occupants Counted (Revenue Ruling 90-89), Income Determination Follows Section 8 of U.S. Housing Act of 1937 (IRS Notice 88-80), Assets Documentation (Revenue Procedure 94-65), Calculating Income Limits (Revenue Ruling 89-24), Safe Harbor for over income tenants during first year of the credit period (Revenue Procedure 2003-82), Novogradac & Company LLP's Rent & Income Limit Calculator, Elderly Population Restriction and Meals (PLR 8945036), Assistance Living Facilities Defined (PLR 9740007), Home Health Care Services Option (PLR 8945036), Home Health Care Services Option (PLR 8944042), Community Service Facility (Revenue Ruling 2003-77), Utility Allowance Requirements (IRS Notice 89-6), Utilities Paid by Tenant of Submetered Rent-Restricted Units (IRS Notice 2009-44), Compliance Monitoring Requirements (IRS Final Regulation TD 8430), Assignment of Building Identification Number (IRS Notice 88-91), Extended Use Agreement for Allocations Prior to 1990 (Revenue Ruling 92-79), Long Term Commitment to Low Income Housing (Revenue Ruling 95-49), Recapture Bond Requirements (Revenue Ruling 90-60), Targeted Population Restriction (PLR 8944042), Manager Unit and Application Fees in Rent (PLR 9330013), Answers to 12 Questions (Revenue Ruling 91-38), Acq/Rehab of a Residential Rental Property (PLR 200044020), Memorandum of Understanding Between IRS, HUD, and DOJ, Answering 12 Questions about LIHTC (Revenue Ruling 2004-82), SBSE Memo For Examiners Assigned Low-Income Housing Credit Cases Regarding Noncompliance Resulting from Conflicting Program Requirements, NCSHA Recommended Practices in Compliance Monitoring, Capital Needs Assessments, Operating Cost Databases, and Accountant Opinion Letters, NCSHA Recommended Practices in Housing Credit Allocation and Underwriting, Relief for Projects in Disaster Areas (Revenue Procedure 2007-54), Earthquake Relief for Compliance Monitoring (IRS Notice 94-94), Issues Arising when Qualified Low-Income Buildings are Damaged By Casualty (CCA 200913012). 0 0 18 18 re 0 0 18 18 re 0 0 18 18 re f 07/03RHS 1944-8Sample Form. 80/20 Bonds | 501(c)(3) LIHTC Income & Asset Worksheet. State and national links to homeless and special housing needs information. | Form SS-4 Application for Employer Identification Number (PDF) (9.5) Contact Information endstream endobj 159 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s Resources Any opinions or conclusions expressed by any third party should not be construed as opinions or conclusions of Novogradac. 1 g Alone and in combination with tax exempt private activity bonds, the LIHTC has been the most . Question 1. Arkansas Standards in Housing. (5.5) Outside Agency Verifying Income (3.3) Special-Needs Housing Commitments 0.5 0.5 17 17 re @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > This program has been the largest driver of the production of new affordable . endstream endobj 120 0 obj <>/Subtype/Form/Type/XObject>>stream %PDF-1.7 % Tax Credit Project (PDF) The report identifies the location of the violation and generally explains what caused the non-compliance and the action necessary to remedy the non-compliance. (2.3) Fair Housing (6.3) Supporting Documentation Forms endstream endobj 121 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (7.3) Recertifications at 100% Low Income Properties F | 10/08 HERA of 2008 Update Memorandum 0.75293 g @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (8.1) Summary Energy | hZ{o8*npmS4v c,y%|3$%++M`|djLG$g,Iq!H+hOx. (5.2) Verification endstream endobj 113 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0.5 0.5 17 17 re 0.5 0.5 17 17 re H endstream endobj 139 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 01/05Income Certification for 125-150% AMGI(Word), 11/13HUD 50058Sample Form Homebuyer Assistance Document Checklist. H To accept cookies and close this box, click I agree. 08/20Notice Of Change In Ownership(Word) Tax Credit Annual Report Common Errors/Best Practices Rev. Averaging Guidelines (PDF) NEW 05/01/2020, Home|About | Calculating Assets 101- Part 1 & Part 2 Training \` ,u 1 g endstream endobj 171 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Property Managers: Asset Management and Compliance|Information for Investors: Official Statements, (5.5) Tips This annual LIHTC Compliance Training is a comprehensive course specifically designed to assist affordable housing professionals with becoming skilled in project compliance. Move-In Master File Checklist- LIHTC PPMG 17a PPMG. Income and Rent Limits Housing Trust Fund (HTF) Income Limits 2022 Housing Trust Fund (HTF) Income Limits 2022 Download Compliance: Income and Rent Limits Housing Trust Fund (HTF) Rent Limits 2022 Housing Trust Fund (HTF) Rent Limits 2022 Download Compliance: Income and Rent Limits HOME Income Limits 2022 HOME Income Limits 2022 Download The program is 0.75293 g MAP| (9.8) Specific Documentation Required for Changes to General Partner or Managing Member IRS Form 8693- Low Income Housing Credit Disposition Bond 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq D. It availed the ITC. B. HUD Tax Credit Assistance Program (TCAP) 102 Part 8.3 Consolidated Appropriations Act of 2018 (Average Income) 102 Part 8.4 California State Law - AB 1920 (Fine Authority) 103 . They should be able to provide insights on financial matters and help drive the organization's growth strategy. endstream endobj 135 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (2.13) Mixed-Income Buildings with Different Sized Units 0.5 0.5 17 17 re 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. Rev 10/2018 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq (5.15) Additional Income Verification Guidelines Homeownership: Homebuyer Programs|Information for Lenders| 12//20 20. @ hcG h.p h$ 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. For more information about how we use cookies, see our Privacy Policy. 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. (5.7) Self-Employed Income Verification f 0 0 18 18 re Form SS-4 Application for Employer Identification Number (PDF), Financial Solvency and LIHTC History (PDF), LIHTC Ownership Capacity Certification Form, LIHTC Management Capacity Certification Form, Qualified Contract Notification Letter (PDF), Calculation of Qualified Contract Price Worksheet (Blank) (Word), Calculation of Qualified Contract Price Worksheet (Sample) (Word), Post-Year 1230 O Street, Suite 200 Housing Bonds |Special Programs: s 10/08Affidavit of Income Self Certification(Word), 12/14Tenant Income Certification (TIC)(PDF) (Mandatory Form) /Tx BMC Description. LIHTC Asset Management 505 N. 7th St., 20th Floor, Suite 2000 St. Louis, MO 63101 Resources Frequently Asked Questions Qualified Contract Process Low Income Housing Tax Credit (LIHTC) forms, documents and manual Certification On Line (COL) FAQ UPDATED 01-27-2014 Certification On Line (COL) Certification On Line (COL) Application | The forms linked below are intended for informational purposes only. | Requests for Public Records (11.4) On-Site Visits B. WSHFC Owner Certificate of Utility Estimate (PDF) (11.1) Introduction 12/19CO Detector Owner Verification Form 10/15Student Verification(Word), 11/15Annual Student Eligibility Certification LIHTC & Tax Exempt Bond(PDF) (Mandatory Form) endstream endobj 130 0 obj <>/Subtype/Form/Type/XObject>>stream s Lincoln, NE 68508-1402. 253 0 obj <>stream 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. 02/11Ownership Entity Information Form(Excel), Optional - for property use only: (7.4) Overcharging Rent 0.5 0.5 17 17 re (2.17) Compliance Affordable - Use Periods (9.5) Specific Documentation Required for Sale of Property These are some of the checklists that Compliance Monitors use when they perform onsite monitoring visits at TDHCA administered properties. Income verifications are in compliance with methods required by state, federal, city and/or county polices . Chapter 5, Exhibit 1: Low Income Housing Tax Credits (LIHTC) Architects and Contractors Go to Architects and Contractors Standards of Design for Preconstruction manual and forms Missing Middle Housing Program Go to Missing Middle Housing Program If a Development Owner desires to sell the property under the qualified contract process such Development Owner must notify NIFA using the process outlined below. 01/19Notice of Building Casualty Loss or Damage(PDF) Attendees learn all the details of how to determine an applicants eligibility and how to keep a LIHTC property in compliance with the many rules and regulations of the IRS and HUD, as spelled out in HUD Handbook 4350.3 REV 1 and other federal notices. (4.4) Restricting Up-Front Charges The development must satisfy all low income requirements for a compliance period of 15 consecutive taxable years for owners to receive the full Low Income Housing Tax Credits (LIHTC). 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. H (7.2) Common Reasons for Noncompliance 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 List theDevelopment for sale with a qualified sales agent or attorney who is qualified to sell affordable multifamily housing developments. Novogradac is not responsible for any information provided by third parties, and Novogradac disclaims any responsibility for ensuring the information is accurate or up to date. endstream endobj 137 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (2.16) Utilities Paid by Owner (2.7) Common Areas 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. 0.75293 g (11.5) Definitions, Post-Year Income/asset verifications and other forms. Policies), Sample 0.5 0.5 17 17 re 128 127. (6.8) Record Retention, Noncompliance H 15 Streamlined Monitoring - Property List (PDF) Rev. \` ,u Seattle, Washington 98104, Calculating Assets 101- Part 1 & Part 2 Training