(9.2) Transfers to Owners with No Previous Tax Credit Experience (11.3) Household Transfers 0.75293 g E-News monthly newsletter. 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. 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 K | @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (5.6) Picture Identification The notification letter also instructs the owner to contact the state agency to resolve the issue. | The forms linked below are intended for informational purposes only. The Act includes Section 42 of the Tax Code, the Low Income Housing Tax Credit Program. @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Exhibit A-21: Notice to Residents of Managements' Intention to submit a Rent Increase Request to MHDC for Approval. H State and national links to homeless and special housing needs information. (10.4) Three-Year Period pdf. To qualify, the taxpayers must invest in a qualified low-income housing project located in Massachusetts. 04Gy(U!sP@1zP0R)#9;~A~~fKrq9d>+mEptD^ENZc5=qTpKfI=D&B#OUHuHMHu|JCBC*B*CCjBaaa*aacnj0yzFMGGCBC1|na/nfQ@H`V~!qJnL[$n1E+S#"AG^Y7C m 0 (fD}Z(Z47YYmZi7/l#(\'6}jI9f~K4f-nL. 15 Streamlined Monitoring - Property List (PDF), Post-Year 15 endstream endobj 99 0 obj <>/Subtype/Form/Type/XObject>>stream 1 g Bond Compliance Reports - SUBMISSION PROCEDURES FOR JANUARY 2023 Rev 12/2022. Calculation of Qualified Contract Price Worksheet (Blank) (Word) (9.5) Required Document for All Transfers It is highly recommended that Owners and Agents check this page regularly to obtain the most current information and latest forms. H 9% Housing Revised October, 2018: Each time a revision is made to the Tax Credit Compliance manual, it will be . (6.8) Record Retention, Noncompliance | Information for Instructors | Multifamily Housing: Notice of Non-Assignment - Habitat Applicant. \` ,u endstream endobj 127 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (5.15) Income from Assets The 30% subsidy, commonly called the "automatic 4% tax credit," is for new construction that includes additional subsidies or that can be used for the acquisition cost of existing buildings. 10/15Annual HOME Certification of Student Status(Word) (Mandatory Form), 09/04Authorization to Release Information for Section 8 Participants, 12/15Certification of Zero Income(PDF) (Mandatory MSHDA Best Practice Form) PDF Low Income Housing Tax Credit Check List for Annual Compliance Packages Review of project owner tenant files for documents required to support information provided in Annual Owner Certifications. \` ,u @ hcG h.p h$ 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. 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. f Find answers to frequently asked questions. They understand that NIFA has made no independent investigation of theDevelopment Owners submissions and cannot attest to their accuracy or completeness. Compliance Forms - Ohio home N | Rev 10/2018 @ $a$ $a$ " * ; = > ? This document describes (1) the federal and state resources available for financing rental housing through the plan, (2) the legislative requirements for distributing these resources, (3) the State's preference for the location and type of such housing, (4) the process used for evaluating applications and awarding these resources, and (5) program Property Managers: Asset Management and Compliance|Information for Investors: Official Statements, 02/11Ownership Entity Information Form(Excel), Optional - for property use only: (2.16) Utilities Paid by Owner 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. LIHTC/Tax Exempt Bonds without Section 8 rental assistance and which have reached the end of their initial tax-credit compliance period. 36,000. (5.18) Rental Income Qualified Contract Notification Letter (PDF) s IRS Form 8609- Low Income Housing Credit Allocation Certification Compliance Forms - TDHCA endstream endobj 171 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (5.9) Alimony and Child Support Rev 10/2018 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. The following programs are monitored by DHCD: They should be able to provide insights on financial matters and help drive the organization's growth strategy. 12/12MSHDA Checklist (Spanish)(PDF) (Mandatory Form), 10/15Student Verification(PDF) 0 0 18 18 re Rev 12/29/2022, Regulations & Other Authority (PDF)| 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. to Tax Credit projects underwritten for that program unless adjusted for the New Pilot in separate guidance. Infractions are reported to the Internal Revenue Service, which, in its discretion, may conduct tax audits. Recertification Elimination Forms (5.19 Instructions for Valuing Assets NIFA performs desk audits, inspects housing, and reviews tenant files. f 03/14Owners Certification Attachment A(PDF) (5.17) Individual Retirement, Keogh, and 401(k) Accounts Bond @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > Seattle, Washington 98104 | Phone: 206-464-7139 or 800-767-4663 | 2023 LIHTC Compliance Virtual Workshop #1; 2023 LIHTC Compliance Virtual Workshop #2; . SC Housing endstream endobj 124 0 obj <>/Subtype/Form/Type/XObject>>stream s 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 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 NIFA is responsible for monitoring compliance with the requirements of Internal Revenue Code (IRC) 42 for LIHTC developments in Nebraska.