\` ,u Delivered Online Over Four Days1PM-5PM Eastern each day with a live instructor and teaching assistant, Online Certification ExamOne week to take exam; results delivered week after exam window closes, Course Materials Delivered Directly To ParticipantsTextbooks and shipping included in course fee, Certification Issued Upon PassingCertificate available immediately upon release of grades; inclusion in NCHMs National Registry. (2.16) Utilities Paid by Owner The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. 1230 O Street, Suite 200 At the end of instruction, each participant is allowed one week to complete a 100-question online certification test. LIHTC Compliance Guidance A list of links and resources curated for LIHTC property owners and managers Authoritative Sources Internal Revenue Code Section 42 Treasury Regulations 1.42 HUD Handbook 4350.3: Occupancy Requirements of Subsidized Multifamily Housing Programs (November 2013) s endstream endobj 147 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream NOFA and grant programs for nonprofit agencies and local units of government. Post-Year 15 Streamlined Monitoring Procedures Overview - Recorded Webinar (MP4 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. Table of Contents (PDF) HPD funds certain affordable housing with HOME dollars and/or Low-Income Housing Tax Credits (LIHTC). 206 PPMG 31. NIFAs actions or failure to act on these procedures does not constitute a waiver of the requirements of Section 42. (7.1) Noncompliance with IRS Program Requirements LIHTC - HPD - New York City 0.5 0.5 17 17 re 01/23Resident Fees(Excel), 02/11Ownership Entity Information Form(PDF) Exhibit A-21: Notice to Residents of Managements' Intention to submit a Rent Increase Request to MHDC for Approval. 36,000. 1 g (3.7) Farmworker Housing s Current Ownership Entity Certification In order toreceive pointsontheLIHTCapplicationyou must attend the Compliance Training. endstream endobj 163 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (7.1) Noncompliance with State Requirements Homeownership: Homebuyer Programs|Information for Lenders| 0 0 18 18 re (10.1) Summary (2.2) For Use by the General Public endstream endobj 116 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq Housing Tax Credit Program (LIHTC) - Georgia (6.7) IRS Forms 8609, Schedule A and 8586 0.5 0.5 17 17 re (9.5) Required Document for All Transfers A detailed set of digital photographs of the Development, including the interior and exterior of representative apartment units and buildings, and the Development's grounds. Download. 0.5 0.5 17 17 re Calculation of Qualified Contract Price Worksheet (Blank) (Word) \` ,u (11.4) Compliance Fees (5.3) Overtime (5.21) Types of Excluded and Included Income E-08 Notice of Intent to Clear Land. C | (PDF) 15 Streamlined Monitoring - Property List (PDF) Rev. (9.5) Specific Documentation Required for Sale of Property LIHTC and Multifamily Loan Program File Requirements Checklist LIHTC Owner Certification of Continuing Program Compliance LIHTC Post Year 15 Owner Certification of Continuing Program Compliance Notice of Rent Adjustment Notification of Change in Contact Information Owner Certification of Methamphetamine Decontamination H MSHDA HUD Section 3 policy and these guidelines have been prepared to provide information and guidance to Section 3 recipients on how the Michigan State Housing Development Authority (MSHDA) will administer the Section 3 regulations. 01/19Notice Of Change In Management Agent(Word) 1 g File) 11/2017, Recertification Waiver Procedure (PDF) @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > 08/16List of Unit Numbers(Excel), 01/23Resident Fees(PDF) endstream endobj 118 0 obj <>/Subtype/Form/Type/XObject>>stream 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq 04Gy(U!sP@1zP0R)#9;~A~~fKrq9d>+mEptD^ENZc5=qTpKfI=D&B#OUHuHMHu|JCBC*B*CCjBaaa*aacnj0yzFMGGCBC1|na/nfQ@H`V~!qJnL[$n1E+S#"AG^Y7C m 0 (fD}Z(Z47YYmZi7/l#(\'6}jI9f~K4f-nL. endstream endobj 106 0 obj <>/Subtype/Form/Type/XObject>>stream Earnings Multiples for PE-Backed Firms Fall for 7th Straight Quarter (3.1) Summary of State Requirements endstream endobj 153 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream The Low-Income Housing Tax Credit (LIHTC) program is the most important resource for creating affordable housing in the United States today. Asset Management | Homes and Community Renewal 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 . (9.1) Summary Exhibit A-22: Authorization for Release of Property Information. For more information or questions, property managers and owners should contact (5.3) Year-to-Date Information Ask a basic policy or reporting system question. Development Owners who believe the development they own is eligible for the option year should contact NIFA. Eligible to participate in the company benefits plan. H @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > endstream endobj 170 0 obj <>/Subtype/Form/Type/XObject>>stream First Year Records for LIHTC - National Center for Housing Management endstream endobj 129 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0.5 0.5 17 17 re f This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. managers step-by step instructions on how to fulfill compliance requirements if f Homebuyer Assistance Document Checklist. 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 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 (12.3) Annual Self-Certification Form Affordable Housing Compliance Services | RealPage (2.14) Available Unit Rule and 100% Affordable Properties They have conducted their own investigation and due diligence in determining calculations of the Qualified Contract Price. EMC 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 . The borrower MUST review the circumstances of the tenant quarterly. 0 0 18 18 re (2.10) Mixed-Income Properties (4.4) Household Composition Issues, Income & Asset endstream endobj 171 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s f (11.1) Introduction endstream endobj 126 0 obj <>/Subtype/Form/Type/XObject>>stream f endstream endobj 160 0 obj <>/Subtype/Form/Type/XObject>>stream The Internal Revenue Service (IRS) Low Income Housing Tax Credit is available under Section 42 of the Internal Revenue Code. (9.2) Transfers to Owners with No Previous Tax Credit Experience LIHTC Lease Addendum (PDF) CTCAC Compliance Monitoring - California State Treasurer 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). Forms and Reports At a minimum, theDevelopment Owner must provide the following to NIFA: Qualified Contract Notification Letter (2.20 Correction Period for Non-Compliance 0 0 18 18 re Tax Credit State Requirements (PDF) Rev 09/2019 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. 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. Attachments EMC Exhibit F Bond Process Checklist. Missouri Housing Development Commission - MHDC Extension Request Form (For All Inspections) 0 0 18 18 re 0 0 18 18 re Bharat Associates Pvt. N | H LIHTC Management Capacity Certification Form The following forms are for site use in filing a project's annual year end reports. (2.16) Changes in Allowance 0.75293 g You should always consult with your retained professional advisor(s) concerning your particular circumstances. This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. Grantees and Public Housing Agencies (PHAs) should work with their legal counsels to ensure it meets all local and state laws. P | IRS Form 8821- Tax Information Authorization H endstream endobj 120 0 obj <>/Subtype/Form/Type/XObject>>stream Farmer/Rancher|Nonprofit 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 H s 1 g B. WSHFC Owner Certificate of Utility Estimate (PDF) Allowance Spreadsheet - Method 6 (Excel), Webinar (5.15) Additional Income Verification Guidelines 12/15MSHDA Checklist(Word) (Mandatory Form) Notice 22-19. Lincoln, NE 68508-1402. D. View important LIHTC Compliance forms and documents PDF CHAPTER 6 PROCEDURES AND FORMS - Michigan A | f (12.1) Introduction endstream endobj 161 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Small Business Accounting Checklist - This accounting checklist document is helpful for the accountants, bookkeepers, and Priorities First, Inc Business/Self Employed Tax Preparation Checklist Business Tax Preparation Tips - If you are a business owner, proficiency in tax preparation is of utmost importance. 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 Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. 1 g The web Browser you are currently using is unsupported, and some features of this site may not work as intended. endstream endobj 105 0 obj <>/Subtype/Form/Type/XObject>>stream Find award and allocation amounts for grantees by year, program, and state. (3.1) Introduction (12.5) Definitions, Tax This program has been the largest driver of the production of new affordable . When e-mailing, please provide a descriptive subject line to assist with directing inquiries to the proper staff members. \` ,u Contract Process (PDF) endstream endobj 139 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s endstream endobj 148 0 obj <>/Subtype/Form/Type/XObject>>stream HUD may conduct a review of the recipient agency to determine compliance. Policy Regarding Vacancies Pending a . 1 g (9.4) How to Submit Required Documents 01/23HOME Rent and Occupancy Report (for HOME Projects Only(Excel), 01/23NSP Rent and Occupancy Report (for NSP Projects Only)(PDF) (5.19) Lump-Sum Receipts 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 Project Monitoring | dhcd 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq H