lihtc compliance checklist
The credit note should be issued for the excess value of supply charged in the invoice, i.e. Forward information with respect to the Developmentto current owners of tax creditdevelopments and tolocal, state and nation-wide non-profit and for profit owners who have notified NIFA that they have an interest in preserving housing; and to tax credit investors and others who have asked for such information. Physical Inspection Forms Hope Manor (Chicago) The Low Income Housing Tax Credit (LIHTC, Housing Credit) is a dollar-for-dollar federal tax credit for affordable housing investments. 1 g s LIHTC VAWA and Manager's Unit Guidance. 15 Streamlined Monitoring - Property List (PDF), Post-Year 15 \` ,u Contract Process (PDF) property. (5.6) Verbal Verification Data-driven decision-making: CFOs must be able to analyze financial data and trends . endstream endobj 99 0 obj <>/Subtype/Form/Type/XObject>>stream View important LIHTC Compliance forms and documents Attachments (3.2) Additional Low-Income Housing Commitments NIFA will perform a desk audit, conduct a site visit, or review the owner's tenant files and provide the owner with a summary report of the findings. (10.1) Summary 1 g 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. LIHTC Compliance Manual REVISION LIST. 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) 04Gy(U!sP@1zP0R)#9;~A~~fKrq9d>+mEptD^ENZc5=qTpKfI=D&B#OUHuHMHu|JCBC*B*CCjBaaa*aacnj0yzFMGGCBC1|na/nfQ@H`V~!qJnL[$n1E+S#"AG^Y7C m 0 (fD}Z(Z47YYmZi7/l#(\'6}jI9f~K4f-nL. 5 | Census Population Estimates 2015-2019. 0.5 0.5 17 17 re (9.2) Transfers to Owners with No Previous Tax Credit Experience Novogradac does not provide investment advice and any information on Novogradacs website is not to be construed as a recommendation to engage in a transaction with a particular party. 94 0 obj <> endobj 0 0 18 18 re G @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Tax Credit Report Forms and PROCEDURES FOR JANUARY 2023 SUBMISSIONS. (5.17) Individual Retirement, Keogh, and 401(k) Accounts What Could Debt Limit Negotiations Mean for Housing and Community Development? This program has been the largest driver of the production of new affordable . Accordingly, the credits allocated to this would increase as follows: 2015: 39.15M population x $2.30 multiplier = $90.05M credits. (4.3) What Constitutes Rent (7.3) Delays in Making a Unit Suitable for Occupancy Once complete and proper notice has been received, NIFA has one year to find a buyer for the project at a pre-determined price, not to exceed the Qualified Contract Price (QCP). | Publications | 0.5 0.5 17 17 re f HUD & Tax Credit (LIHTC) Compliance is Critical For HUD and Tax Credit properties, noncompliance puts you in danger of losing current and future funding. endstream endobj 110 0 obj <>/Subtype/Form/Type/XObject>>stream s 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq A program to increase small-scale rental development units in rural areas. Full-Time. endstream endobj 145 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 10/15Annual HOME Certification of Student Status(Word) (Mandatory Form), 09/04Authorization to Release Information for Section 8 Participants, 12/15Certification of Zero Income(PDF) (Mandatory MSHDA Best Practice Form) 0.75293 g (6.3) Supporting Documentation Forms (2.18) Resident Certification Package D. 0.5 0.5 17 17 re The compliance period is 15 years beginning with the first year of the tax credit period (placed in service year or subsequent year if deferral was elected). C | EMC NCHM is the best source for LIHTC Certification through Tax Credit Specialist (TCS), the premier accreditation program in the industry, delivered online by leading experts. endstream endobj 127 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Any opinions or conclusions expressed by any third party should not be construed as opinions or conclusions of Novogradac. endstream endobj 109 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream NIFA may, in its sole discretion, on its own behalf or on behalf of another party, elect to submit a Qualified Contract to purchase the property. Provide access to the Development during regular business hours for inspection by NIFA and prospective purchasers of the Development. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Request for Proposals - 2023 Tax Credit General Set-Aside (5.18) Mortgage or Deed of Trust 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. 0.5 0.5 17 17 re Rev 12/29/2022, Regulations & Other Authority (PDF)| @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Tax Credit Compliance Procedures Manual was designed to give property owners and (5.3) Determining Annual Wage Income | Rev 05/01/2020, Chapter: endstream endobj 142 0 obj <>/Subtype/Form/Type/XObject>>stream In addition to the above, theDevelopment Owner must agree to the following requirements: DevelopmentOwner Certifications and Commitment. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > The web Browser you are currently using is unsupported, and some features of this site may not work as intended. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq H 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. Q | (7.2) Common Reasons for Noncompliance 0.75293 g M | (12.3) Annual Reports The one year period begins once this step is complete. All information submitted is accurate and complete. endstream endobj 105 0 obj <>/Subtype/Form/Type/XObject>>stream Owner Utility Estimate Checklist - Methods 6-8 (PDF) It is highly recommended that Owners and Agents check this page regularly to obtain the most current information and latest forms. endstream endobj 117 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream \` ,u Compliance Online Reference Manual Assisting in the Development and Maintenance of Quality Rental Housing Communities Affordable to . 12/15MSHDA Checklist(Word) (Mandatory Form) s 0.5 0.5 17 17 re endstream endobj 155 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream HPD funds certain affordable housing with HOME dollars and/or Low-Income Housing Tax Credits (LIHTC). Low-Income Housing Tax Credit Program Compliance Program compliance forms and information on this page is updated frequently. The manual is effective January 24, 2023, and DCA will accept public comments year-round. endstream endobj 151 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 1 g s 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 . 11 | 0 0 18 18 re 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. Join our mailing list to receive the latest industry news and training updates. managers step-by step instructions on how to fulfill compliance requirements if (PDF) Rev 03/2018 H Development Owners who elect to exercise their qualified contract process must complete the forms located under the Qualified Contract Process dropdownand provide all required due diligence documentation listed therein. (10.3) Owner Certifications and Commitment (9.2) Types of Transfers or Assignments Requiring Commission Consent Averaging Guidelines (PDF) NEW 05/01/2020, Home|About | Rev 02/2009, Sample Utility Allowance Schedule (PDF)Rev 02/2009, Public Housing Authorities Link Rev 02/2009, Forms ~ State; (2.7) Common Area Units They should contain a completed application with appropriate signatures and dates, income and asset verifications as appropriate, and a thoroughly completed Tenant Income Certification (TIC) that has been signed by all adult members of the household as well as the manager. 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) (6.7) IRS Forms 8609, Schedule A and 8586 endstream endobj 157 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Utility s Online access to policy bulletins, guidebooks, model documents, trainings, webinars and more. Careers |Commissioners | Contact Us Credit Frequently Asked Questions (PDF), LIHTC Program Policies (See Current Year 8 | 03/14Owners Certification of Completion of Repairs(PDF) Learn through self-paced online trainings, recorded webinars, and more. (4.2) Restricted Rent Requirements (10.3) Additional Owner Requirements The following programs are monitored by DHCD: IRS EMC f s endstream endobj 111 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (5.20) Assets Disposed of for Less than Fair Market Value IRS Form 8586- Low Income Housing Credit (2.16) Appendix O 11/15Common Area Unit Designation(Word), 01/19First Year Credit Statement(PDF) 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). 207 Application Materials 2022-2023. . LIHTC Lease Addendum (Word). 1 g View important LIHTC Compliance forms and documents, LIHTC Compliance Monitoring and Site Inspection Guidance During the COVID19 Pandemic. (11.3) Re-Certifications Appendix: /Tx BMC Projects Eligible for a Qualified Contract Request. 1 g Town of Stoddard, 1450 Route 123 North, Stoddard, NH 03464-4153 Ph: 603-446-3326 Fax: 603-446-2278 Government Websites by CivicPlus 01/23HOME/NSP Owner's Certification of Continued Program Compliance(Word), 01/23HOME Rent and Occupancy Report (for HOME Projects Only)(PDF) Forms of Verification (PDF), Chapter 5, Exhibit 1: Compliance Materials Rent Change Requests Manuals & FAQs Exhibits & References Required Forms @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (9.5) Contact Information (7.5) Residents Found to be Over-income at Time of Move-in (5.21) Types of Excluded and Included Income 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 A copy of a capital needs assessment, prepared by a licensed engineer or architect within the last six (6) months, that meets the requirements set forth in the Exhibits of NIFA'scurrent. Using HUD's inspection protocol for tax credit properties is more than just doing a REAC Inspection. 18 KB. Form SS-4 Application for Employer Identification Number (PDF) 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. 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. (3.7) Farmworker Housing (9.4) Timeframe and Completeness (5.19) Personal Property Held as an Investment 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). Commission-issued low-income housing tax credits were used to finance a Annual Reports, Interim Information| Privacy Notice They have conducted their own investigation and due diligence in determining calculations of the Qualified Contract Price. Issues (PDF) Rev 12/2019 01/19Notice Of Change In Management Agent(Word) 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 Register for upcoming training, webinars, conferences, and more. Owners of LIHTC properties are required to comply with the annual reporting and payment requirements outlined below. pdf. LIHTC Ownership Capacity Certification Form Community Housing Development Organization Certification Application. List theDevelopment for sale with a qualified sales agent or attorney who is qualified to sell affordable multifamily housing developments. $ 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$ = > ? H 0.75293 g (9.8) Specific Documentation Required for Changes to General Partner or Managing Member aTLR&R$R3GJh@h`bc2:$8P"4Of"5I"SD`FaF\G[ST[pYEQQ;%C1 u`X h 9u- 7 | | Information for Instructors | Multifamily Housing: Chapter 5, Exhibit 2: Assets (PDF), Utility Allowance Procedures for LIHTC Properties (PDF) 08/22Extension Request(PDF) HUD Forms - Can be found on theHUDCLIPSwebsite. to Tax Credit projects underwritten for that program unless adjusted for the New Pilot in separate guidance. hbbd```b``)90L.DV!ARx Lz`|q&8X3 Sn>8}]"gqHV_0LJH q6 n 7&` q0? ^; Infractions are reported to the Internal Revenue Service, which, in its discretion, may conduct tax audits. (2.11) Available Unit Rule and Mixed-Income Properties s The building must remain in compliance and is subject . @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Well, between 2015 and 2016 the population of California grew from 39.15 million to an estimated 39.35 million. F | 12/12MSHDA Checklist (Spanish)(PDF) (Mandatory Form), 10/15Student Verification(PDF) 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq H H 03/14Owners Certification of Completion of Repairs(Word) (2.20) Tax Credit/Bond Financed Properties, Washington (11.2) Initial Resident Qualifications (10.4) Three-Year Period To date more than 3 million apartment units have been created through LIHTC with another 100,000 new units added each year. You may submit comments via the online form here. Rev 02/08/2022 Recertification Waivers 0.5 0.5 17 17 re EMC 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. 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. \` ,u Grantees and Public Housing Agencies (PHAs) should work with their legal counsels to ensure it meets all local and state laws. \` ,u (10.4) Marketing by the Commission endstream endobj 112 0 obj <>/Subtype/Form/Type/XObject>>stream 0 0 18 18 re (9.8) Specific Documentation Required for Sale of Property (Assumption by Original 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. \` ,u 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 Appendix O / Added language to Management Change Checklist . f 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. The course is customized to highlight Nebraska state specific policies and procedures in addition to federal requirements. endstream endobj 136 0 obj <>/Subtype/Form/Type/XObject>>stream 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 128 127. Related Forms: A copy of the most recent 12 months of operating statements for the Development which fairly sets forth the Development's operating expenses, debt service, gross receipts, net cash flow and debt service coverage ratio. Developments should reference their Land Use Restriction Agreement (LURA) for any commitment made to a longer Extended Use Period. Eligible to participate in the company benefits plan. Records Retention (PDF) Rev 11/2014 (2.16) Changes in Allowance endstream endobj 166 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 101 0 obj <>/Subtype/Form/Type/XObject>>stream 0.5 0.5 17 17 re (5.18) Rental Income If any portion of the land or improvements are leased, copies of the leases. (1.5) Restricted Rents Rev 02/2009, Differences Between Tax Credits and Bonds (PDF) Rev 11/2014, Income & Asset Verification Summary Chart (PDF) Rev 07/2016, HUD Occupancy (5.13) On-Going Monetary Gifts 01/05Income Certification for 125-150% AMGI(Word), 11/13HUD 50058Sample Form Owners receiving LIHTC in 1990 or later years must continue to maintain the low income occupancy of their developments for an additional 15+ years beyond the end of the 15-year compliance period. Resources and assistance to support HUD's community partners. (11.5) Utility Allowances Exhibit "B" to Regulatory Agreement (PDF) Provided below with the Year End Reports. 0.5 0.5 17 17 re s forms located under the Qualified Contract Process dropdown, Calculation of Qualified Contract Price Form and Worksheets, Projects Eligible for a Qualified Contract Request. endstream endobj 122 0 obj <>/Subtype/Form/Type/XObject>>stream LIHTC Lease Addendum (PDF) endstream endobj 107 0 obj <>/Subtype/Form/Type/XObject>>stream 0.75293 g (11.4) Compliance Fees (PDF) Rev 11/2014 03/14Owners Certification Attachment A(PDF) To date more than 3 million apartment units have been created through LIHTC with another 100,000 new units added each year. endstream endobj startxref Farmer/Rancher|Nonprofit 12/15Certification of Zero Income(Word) (Mandatory MSHDA Best Practice Form), 01/05Income Certification for 125-150% AMGI(PDF) The notification letter also instructs the owner to contact the state agency to resolve the issue. Post the Development information on NIFAs website. f The course is customized to highlight Nebraska state specific policies and procedures in addition to federal requirements. Created by the Tax Reform Act of 1986, the LIHTC program gives State and local LIHTC-allocating agencies the equivalent of approximately $8 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of . Seattle, Washington 98104, Calculating Assets 101- Part 1 & Part 2 Training A current and complete rent roll for the entire Development. Sections 3.4, 3.5, & 3.7. |Events |My View Newsletter oV(0u 6U Notice H2019-03 LIHTC Pilot Q&A's (5/3/2019) Map Guide Clarification, Security for Equity Bridge Loans (3/8/2018) 2016 MAP Guide FAQs on Affordable Transactions (6/19/2017) Lender Certification for Tax Exempt Bonds and 4% Tax Credit Transactions. Strategic thinking: A CFO must have a deep understanding of the organization's strategic objectives and align the finance function accordingly. \` ,u LIHTC Asset Management 505 N. 7th St., 20th Floor, Suite 2000 St. Louis, MO 63101 Resources Frequently Asked Questions Qualified Contract Process Low Income Housing Tax Credit (LIHTC) forms, documents and manual Certification On Line (COL) FAQ UPDATED 01-27-2014 Certification On Line (COL) Certification On Line (COL) Application H (5.2) Verification E-News monthly newsletter. f @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > H (2.16) Utilities Paid by Owner The content of such sites is not within Novogradacs control and Novogradac has no responsibility for the information or content thereon. Utility Allowance Procedures for LIHTC Properties - Summary of 07/03RHS 1944-8Sample Form. File), Tax s WBARS (2.1) Summary (12.2) Request Process Be the first to know! 01/19Notice Of Change In Management Agent(PDF) E-09 Administrative Record. Forms and Reports (11.2) Qualifying for the Waiver IRS Forms f 1 g 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > | Calculation of Qualified Contract Price Worksheet (Sample) (Word), Post-Year 15 Monitoring Procedures (PDF) Rev 03/2017 Homeownership: Homebuyer Programs|Information for Lenders| Use this form to create a record of your income and rent limits along with the income and asset calculations for each household. endstream endobj 137 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Table of Contents (PDF) f B. WSHFC Owner Certificate of Utility Estimate (PDF) 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. endstream endobj 116 0 obj <>/Subtype/Form/Type/XObject>>stream (4.4) Household Composition Issues, Income & Asset This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. 2016: 39.35M population x $2.35 multiplier = $92.47M credits. Funds endstream endobj 143 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. H Clarification Form. (9.9) For Changes to Limited Partner or Upper Tier Member please provide (1.4) Minimum Low-Income Housing Set-Aside Calculating Assets 101- Part 1 & Part 2 Training endstream endobj 171 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream