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lihtc compliance checklistlihtc compliance checklist

(2.3) Violence Against Women Act (VAWA) 206-587-5113 | Contact Us 0.5 0.5 17 17 re (11.3) Household Transfers 1 g The amount of HPD's authority is negotiated annually with the State. Sample Pro-forma - Non-Habitat. LIHTC Tax Credit Projects - 1987 to Present. 12 | H s B. WSHFC Owner Certificate of Utility Estimate (PDF) 0.5 0.5 17 17 re C: Actual Usage Estimate Guidance - Method 6 (PDF) Development Owners who believe the development they own is eligible for the option year should contact NIFA. Seattle, Washington 98104, Calculating Assets 101- Part 1 & Part 2 Training 01/05/2023MSHDA 2022 Annual Certification Year End Reporting Memorandum, 12/19New MSHDA Inspection Requirements Memorandum H Eligible to participate in the company benefits plan. If you are looking for a particular form, you should check for the most recent version on theInternal Revenue Service (IRS)website, as forms are periodically updated. Notice 22-19. Review of Annual Owner Certifications submitted by March 1st, to ensure income-qualified tenants are paying rents which are below the mandated limits. endstream endobj 131 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Tax Credit Compliance Manual See Part 618 (Tenant Income Certification form). (2.18) Resident Certification Package H endstream endobj 111 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s These are some of the checklists that Compliance Monitors use when they perform onsite monitoring visits at TDHCA administered properties. F | (5.1) Income-General Information Videos 05/2008, Reporting & Chapter 10, Qualified 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. 06/14HUD 50059Sample Form 187 0 obj <>/Filter/FlateDecode/ID[<6C0801052EB2644EA5560E0BDDF7FB48><9ECC332C94208F4CA5BA534F797A6FC6>]/Index[94 160]/Info 93 0 R/Length 149/Prev 153443/Root 95 0 R/Size 254/Type/XRef/W[1 3 1]>>stream 0.5 0.5 17 17 re (5.6) Picture Identification \` ,u LIHTC Compliance Monitoring and Site Inspection Guidance During the COVID19 Pandemic. (12.1) Qualifying for the Waiver HUD may conduct a review of the recipient agency to determine compliance. Funds Streamlined Monitoring Procedures Overview - (4.4) Model Units endstream endobj 148 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 126 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC Notice of Non-Assignment - Habitat Applicant. The compliance period is 15 years beginning with the first year of the tax credit period (placed in service year or subsequent year if deferral was elected). f 0.75293 g D If the report indicates noncompliance, the owner is expected to respond to NIFA within 60 days from the date of NIFA's letter to provide clarification or document that the issues of noncompliance have been addressed and corrected. 12//20 20. 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. (5.3) Determining Annual Wage Income (5.20) Assets Disposed of for Less than Fair Market Value 0.75293 g POSITION: Regional Manager, Affordable Housing. Files are reviewed using guidelines and requirements set forth by the IRS and administered by the state agency monitoring for Section 42 Low Income Housing Tax Credit compliance. (1.2) Tax Credit Program Overview Proposed Ownership Entity Certification Ltd. purchased machinery worth 9,00,000 (excluding GST) on 20-07-2017 on which it paid GST @ 18%. 0.5 0.5 17 17 re H 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. H This annual LIHTC Compliance Training is a comprehensive course specifically designed to assist affordable housing professionals with becoming skilled in project compliance. f 10/17Compliance Officer Customer Service Survey(PDF) 2016 MAP Guide Waivers for Chapter 14.13.D, Repayment Terms for Deferred Developer Fees (03/22/2019) 0.75293 g 01/19First Year Credit Statement(Word), 08/16List of Unit Numbers(PDF) (4.4) Household Composition Issues, Income & Asset (5.5) Tips \` ,u Rev 12/29/2022, Regulations & Other Authority (PDF)| Physical Inspection Forms It is highly recommended that Owners and Agents check this page regularly to obtain the most current information and latest forms. Recent ReEvision Webinar 12/2015 f @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > NIFA may, in its sole discretion, on its own behalf or on behalf of another party, elect to submit a Qualified Contract to purchase the property. Use to document information obtained verbally or to explain any unusual circumstance in the file. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Forms of Verification (PDF) Information for Real Estate Professionals 0.5 0.5 17 17 re s @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > forms located under the Qualified Contract Process dropdown, Calculation of Qualified Contract Price Form and Worksheets, Projects Eligible for a Qualified Contract Request. (11.4) Compliance Fees endstream endobj 102 0 obj <>/Subtype/Form/Type/XObject>>stream 10/08Affidavit of Income Self Certification(Word), 12/14Tenant Income Certification (TIC)(PDF) (Mandatory Form) H (11.5) Definitions, Post-Year 04/19Carbon Monoxide Detectors & IRS Final Regulations for LIHTC Memorandum, Customer Service Surveys 1 g The course is customized to highlight Nebraska state specific policies and procedures in addition to federal requirements. Title. H Rev 02/2009 2023 US Department of Housing and Urban Development, Section 3 HUD Compliance Review Checklist. endstream endobj 109 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Verification Checklist can be used for this documentation. NIFA performs desk audits, inspects housing, and reviews tenant files. 0.5 0.5 17 17 re 03/14Owners Certification of Completion of Repairs(Word) 03/20 Request To Eliminate Re-certifications(Word). 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 0 18 18 re (4.1) How to Determine Rent 03/14Owners Certification Attachment A(PDF) Forms of Verification (PDF), Chapter 5, Exhibit 1: K | endstream endobj 162 0 obj <>/Subtype/Form/Type/XObject>>stream 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq HOME |SITE @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > The Act includes Section 42 of the Tax Code, the Low Income Housing Tax Credit Program. /Tx BMC 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. H H endstream endobj 136 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 147 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 155 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream - RD may wage match periodically (If available in . Tax Credit Specialist Advanced (TCSA)January 23-25, 2022Register Now, Tax Credit Specialist Online (TCS)January 30-February 2, 2023Register Now, Tax Credit Specialist Online (TCS)February 13-16, 2023Register Now, Tax Credit Specialist Online (TCS)February 27-March 2, 2023Register Now, Tax Credit Specialist Online (TCS)March 13-16, 2023Register Now, Tax Credit Specialist Advanced (TCSA)March 20-22, 2022Register Now, Tax Credit Specialist Online (TCS) April 17-20, 2023 Register Now, Tax Credit Specialist Online (TCS) May 1-4, 2023 Register Now, Tax Credit Specialist Online (TCS) May 15-18, 2023 Register Now, Tax Credit Specialist Online (TCS) June 5-8, 2023 Register Now, Tax Credit Specialist Online (TCS) June 20-23, 2023 Register Now. 0 0 18 18 re Low-Income Housing Tax Credit Program Compliance Program compliance forms and information on this page is updated frequently. Current Rules Compliance Monitoring Rule - Texas Administrative Code Title 10 Chapter 10 Subchapter F (Secretary of State website) (effective 11/03/2022) Tax Credit Report Forms and PROCEDURES FOR JANUARY 2023 SUBMISSIONS. 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. Alone and in combination with tax exempt private activity bonds, the LIHTC has been the most . s You should always consult with your retained professional advisor(s) concerning your particular circumstances. 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. f endstream endobj 168 0 obj <>/Subtype/Form/Type/XObject>>stream 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). endstream endobj 149 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Note there are seven worksheets within this workbook. to Tax Credit projects underwritten for that program unless adjusted for the New Pilot in separate guidance. Using HUD's inspection protocol for tax credit properties is more than just doing a REAC Inspection. Rev 02/2009 0 0 18 18 re (5.10) Unemployment, Disability, Worker's Compensation, Severance Pay Financial Solvency and LIHTC History (PDF) Electronic Storage Policy Memo (New September 2022) 2022 Compliance Monitoring Guidance (February 2022) Casualty Loss Guidance (February 2022) Compliance Fines (August 10, 2022) Exempt Unit Change Policy (February 2022) 2021 Compliance Monitoring Guidance. Energy | Date. 08/22Extension Request(Word), Requirements For Substituting A REAC Or RHS Inspection For A MSHDA Inspection: The Low-Income Housing Tax Credit (LIHTC) program (also known as Section 42) is the federal governments primary method of funding new affordable rental housing in the USA. Post-Year 15 Streamlined Monitoring Procedures Overview - Recorded Webinar (MP4 08/20Notice Of Change In Ownership(PDF) 0.5 0.5 17 17 re The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. The following forms are for site use in filing a project's annual year end reports. 0.5 0.5 17 17 re endstream endobj 132 0 obj <>/Subtype/Form/Type/XObject>>stream Income Inclusions and Exclusions (PDF) 1 . Grantees are encouraged to . Exhibit A-22: Authorization for Release of Property Information. (10.1) Summary This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. (11.2) Initial Resident Qualifications Washington State Housing Finance Commission endstream endobj 154 0 obj <>/Subtype/Form/Type/XObject>>stream To qualify, the taxpayers must invest in a qualified low-income housing project located in Massachusetts. Cooperate with NIFA to present a qualified contract for purchase of the Development. EMC endstream endobj 138 0 obj <>/Subtype/Form/Type/XObject>>stream \` ,u Determining Income and Calculating Rent (PDF), Chapter 5, Appendix 3:Acceptable 08/22Extension Request(PDF) C | About 80% of the 4,000 companies Lincoln tracks experienced revenue growth for 2022, and 60% grew earnings (EBITDA) for the year. (11.5) Utility Allowances (12.2) Request Process endstream endobj 133 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream It availed the ITC. f (11.3) Common Area Units s 0.5 0.5 17 17 re s (3.1) Introduction (9.1) Summary (5.19) Lump-Sum Receipts Handbook 4350.3, Change 4 (Excerpts), Chapter 5: Calculation of Qualified Contract Price Worksheet (Sample) (Word), Post-Year 15 Monitoring Procedures (PDF) Rev 03/2017 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. Accordingly, the credits allocated to this would increase as follows: 2015: 39.15M population x $2.30 multiplier = $90.05M credits. endstream endobj 117 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s Upon receipt of aDevelopment Owner's request to exercise its option year (Notification Letter and Qualified Contract Price Form and Worksheets), NIFA staff will proceed as follows: In order for NIFA to assist in making information available to potential purchasers of affordable housing properties, the Development Owner must cooperate in such effort and is responsible for providing certain information. For questions or problems concerning the following compliance forms, contact the PC help desk. In addition to the above, theDevelopment Owner must agree to the following requirements: DevelopmentOwner Certifications and Commitment. 01/19Notice Of Change In Management Agent(Word) NIFA is responsible for monitoring compliance with the requirements of Internal Revenue Code (IRC) 42 for LIHTC developments in Nebraska. IRS Forms 0.75293 g . When e-mailing, please provide a descriptive subject line to assist with directing inquiries to the proper staff members. EMC They are solely responsible for documents and information provided to NIFA and to prospective purchasers. (5.10) Foster Child income H Application Materials 2022-2023. . (11.4) Record Retention Compliance Forms Checklist (PDF) Rev To date more than 3 million apartment units have been created through LIHTC with another 100,000 new units added each year. 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. endstream endobj 112 0 obj <>/Subtype/Form/Type/XObject>>stream This letter establishes the beginning of the correction period for any non-compliance issues. HUD & Tax Credit (LIHTC) Compliance is Critical For HUD and Tax Credit properties, noncompliance puts you in danger of losing current and future funding. Resources Resources and assistance to support HUD's community partners. \` ,u 2023 LIHTC Compliance Virtual Workshop #1; 2023 LIHTC Compliance Virtual Workshop #2; . Learn about what HUD grantees are doing across the nation. f IRS Form 8821- Tax Information Authorization (8.1) Summary Bond 9. Knowledge of Section 8, LIHTC, and HUD ; Must know HUD/Public Housing/Tax Credit policies and procedures ; Detail-oriented and the ability to operate on a deadline-driven schedule ; Possess strong organizational, analytical, and problem-solving skills ; COS certification ; Physical Demands . endstream endobj 172 0 obj <>stream 0.5 0.5 17 17 re \` ,u 0.75293 g (2.19) Demographic Data Collection Your use of the website or any of the information available on it does not constitute a professional services relationship between you and Novogradac & Company LLP or its affiliates (Novogradac). (7.3) Delays in Making a Unit Suitable for Occupancy (2.2) For Use by the General Public H Provided below with the Year End Reports. 03/14Owners Certification Attachment A(Word). endstream endobj 142 0 obj <>/Subtype/Form/Type/XObject>>stream File), Tax 0 0 18 18 re (3.3) Large Households endstream endobj 152 0 obj <>/Subtype/Form/Type/XObject>>stream Rev 10/2018 endstream endobj 123 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 08/2019, Forms ~ Federal 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. See Developments Currently Eligible for a Qualified Contract Request. 15 Streamlined Monitoring - Property List (PDF) Rev. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > s (5.17) Individual Retirement, Keogh, and 401(k) Accounts s This annual LIHTC Compliance Training is a comprehensive course specifically designed to assist affordable housing professionals with becoming skilled in project compliance. Income verifications are in compliance with methods required by state, federal, city and/or county polices . The building must remain in compliance and is subject . The NEP program provides MSHDA funding statewide for activities directly tied to stabilization and enhancement of Michigan neighborhoods by nonprofit 501(c)3 agencies. H f 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 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. endstream endobj 121 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (5.14) Student Income MP4 of (2.14) Effect of Resident Moving to Another Unit (100% Affordable Properties( Doc Title. 0.75293 g HM Other. The qualified purchaser may be a non-profit or for-profit entity that agrees to maintain the affordable housing units and fulfill all requirements of the LURA for the remainder of the extended use period. Appendix O / Added language to Management Change Checklist . f (6.1) Summary (9.4) Timeframe and Completeness | They understand that NIFA has made no independent investigation of theDevelopment Owners submissions and cannot attest to their accuracy or completeness. 01/23NSP Rent and Occupancy Report (for NSP Projects Only)(Excel), 01/23HTF Rent and Occupancy Report(PDF) The relief has been granted due to unavoidable labor and supply-chain disruptions delaying the construction, rehabilitation, and restoration of properties throughout H Allowance Spreadsheet - Method 6 (Excel), Stream Presentation on Vimeo (32 Tax Credit Project (PDF) H 0.5 0.5 17 17 re EMC (2.15) Utility Allowances 0.5 0.5 17 17 re 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. What are the eligibility requirements for the ADA Tax Credit? 01/19Notice of Building Casualty Loss or Damage(Word) 0 0 18 18 re Chapter 5, Appendix 3:Acceptable It's the expertise you need to be sure. These checklists are not required to be completed by owners and managers. (8.1) Income Restrictions, Property Transfers NIFA may, at any time, change these procedures, or act or refuse to act on a procedure, without notice or obligation to any Development Owner. (5.16) Types of Assets 0.75293 g Strategic thinking: A CFO must have a deep understanding of the organization's strategic objectives and align the finance function accordingly. (7.3) Recertifications at 100% Low Income Properties Community Housing Development Organization Certification Application. (9.2) Maintaining Credit Set-Asides Compliance Materials Rent Change Requests Manuals & FAQs Exhibits & References Required Forms 12/15Certification of Zero Income(Word) (Mandatory MSHDA Best Practice Form), 01/05Income Certification for 125-150% AMGI(PDF) 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. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq The Owner Utility Estimate Checklist - Methods 6-8 (PDF), B. WSHFC Owner Certificate of Utility Estimate (PDF), C: Actual Usage Estimate Guidance - Method 6 (PDF), D. (11.2) Annual Reports 0 0 18 18 re Q, Introduction The credit note should be issued for the excess value of supply charged in the invoice, i.e. endstream endobj 125 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Provide access to the Development during regular business hours for inspection by NIFA and prospective purchasers of the Development. 1 g s (1.6) Additional State Rules Hope Manor (Chicago) The Low Income Housing Tax Credit (LIHTC, Housing Credit) is a dollar-for-dollar federal tax credit for affordable housing investments. 08/16List of Unit Numbers(Excel), 01/23Resident Fees(PDF) endstream endobj 118 0 obj <>/Subtype/Form/Type/XObject>>stream (5.9) Alimony and Child Support hbbd```b``)90L.DV!ARx Lz`|q&8X3 Sn>8}]"gqHV_0LJH q6 n 7&` q0? ^; endstream endobj 95 0 obj <>/Metadata 3 0 R/Pages 92 0 R/StructTreeRoot 9 0 R/Type/Catalog/ViewerPreferences 189 0 R>> endobj 96 0 obj <>/MediaBox[0 0 612 792]/Parent 92 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 97 0 obj <>/Subtype/Form/Type/XObject>>stream Related Forms: s @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > LIHTC VAWA and Manager's Unit Guidance. A current and complete rent roll for the entire Development. f 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 Utility 0 0 18 18 re @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Download. G Powerpoint (PDF) 10/08 HERA of 2008 Update Memorandum @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (10.3) Additional Owner Requirements 2018 Home Policy Operations Manual. The ADA tax credit is available to businesses that generated $1,000,000 or less during the year prior to filing or businesses that employ 30 or fewer full-time employees. This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. NIFAs actions or failure to act on these procedures does not constitute a waiver of the requirements of Section 42. (6.3) Data Collection Requirement 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq LIHTC/Tax Exempt Bonds without Section 8 rental assistance and which have reached the end of their initial tax-credit compliance period. Explore featured publications and browse regulations, policy guidance, toolkits, and other resources. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq s 0 0 18 18 re (10.4) Three-Year Period (9.5) Specific Documentation Required for Sale of Property Agree to allow NIFA to post summary data about theDevelopment on NIFAs website. \` ,u (5.1) Summary Novogradac does not provide investment advice and any information on Novogradacs website is not to be construed as a recommendation to engage in a transaction with a particular party. Owners of affordable housing with this type of funding must comply with applicable federal Regulations, and HPD is legally required to monitor compliance to ensure continued affordability and habitability. We offer health, vision, dental, and pet insurance. 0.5 0.5 17 17 re Online access to policy bulletins, guidebooks, model documents, trainings, webinars and more. Ask a basic policy or reporting system question. 01/23LIHTC/1602/TCAP Owner's Certification of Continued Program Compliance (PDF), 01/23LIHTC/1602/TCAP Owner's Certification of Continued Program Compliance(Word), 01/23HOME/NSP Owner's Certification of Continued Program Compliance(PDF) (2.16) Utilities Paid by Owner @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (11.1) Introduction 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. endstream endobj 164 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 141 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream f WBARS Projects Eligible for a Qualified Contract Request. PowerPoint Slides (PDF), Post-Year 15 Streamlined Monitoring Procedures Overview - Recorded Webinar (MP4 (5.2) Verification 80/20 Bonds | 501(c)(3) 0 0 18 18 re |Events |My View Newsletter f you A thorough narrative description of the Development, including all amenities suitable for familiarizing prospective purchasers with the Development. 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. 36,000. E-News monthly newsletter. Each year, NIFA offersaLIHTC Compliance Training event! 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq (1.5) Restricted Rents Management Agent Forms endstream endobj 140 0 obj <>/Subtype/Form/Type/XObject>>stream (4.4) Restricting Up-Front Charges The 30% subsidy, commonly called the "automatic 4% tax credit," is for new construction that includes additional subsidies or that can be used for the acquisition cost of existing buildings. 0.75293 g Act as a facilitator for requests of prospective purchasers by referring them to the appropriate contact personsfor the Development Owner. (5.5) Outside Agency Verifying Income \` ,u 1 g EMC Owner Utility Estimate Checklist - Methods 6-8 (PDF) 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. H 1 g s endstream endobj 145 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream f 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq $ 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$ = > ? 253 0 obj <>stream Exhibit "B" to Regulatory Agreement (PDF) H P | Recertification Waivers 02/11Ownership Entity Information Form(Excel), Optional - for property use only: (1.3) Compliance Basics endstream endobj 144 0 obj <>/Subtype/Form/Type/XObject>>stream \` ,u 0.75293 g 0 0 18 18 re 1 g Contract Process (PDF) cA ib@3dC[a!!yY g`Y"R*^4an'9hAd iJ>+3h{xzyjbz-Z7.TizJl}r:rBIb050 1 g Extension Request Form (For All Inspections)

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lihtc compliance checklist