Low Income Housing Tax Credit Compliance Manual

LIHTC

• Chapter 01 - Responsibilities
• PHFA
• Owner/Agent
• Chapter 02 - Management Policies and Guidelines
• Marketing
• Screening
• Rent and Utility Allowance Requirements
• Unit Eligibility
• Application Process
• Chapter 03 - Resident Income Eligibility
• Income Eligibility Requirement
• Income Limits
• Income Inclusions and Exclusions
• Calculating Income from Earnings and Benefits
• Income from Assets
• Asset Inclusions and Exclusions
• Income and Asset Verification
• Income and Asset Verification of HUD-Assisted Residents
• Recertification
• Chapter 04 - Compliance Procedures
• Election of Minimum Set-Aside
• Compliance Period
• Eligibility Reporting Requirements for Developments Financed by PHFA
• Eligibility Reporting Requirements for Developments not Financed by PHFA
• Record keeping and Record Retention
• Chapter 05 - Extended Use Compliance Procedures
• Applicable Fraction
• Extended Use Compliance Period
• Eligible Reporting Requirements for Developments Financed by PHFA
• Eligible Reporting Requirements for all LIHTC Developments not Financed by PHFA
• Chapter 06 - American Re-Investment and Recovery Act (ARRA)
• Tax Credit Assistance Program (TCAP)
• Section 1602 Program (Exchange)
• Exhibits from LIHTC Compliance Manual
• Exhibit A - Tax Credit Program Guidelines
• Exhibit B - Project History Form
• Project History Form - Instructions
• Project History Form - Part 1
• Project History Form - Part 2
• Exhibit C - Owner's Certification of Continuing Compliance (updated Jan 2013)
• Exhibit D - Owner's Certification of Continuing Compliance - Post 15 (updated Jan 2013)
• Tenant Income Certification
• Income/Rent Calculations
• Exhibit G - Sample Verification Forms
• Annual Alternate Certification
• Retirement Account Verification
• Asset Verification (updated 5/14/2009)
• Certification of Zero Income (NEW)
• Child Support Verification - (updated 05/14/2009)
• Employment Verification (updated 5/14/2009)
• House Value Verification (updated 5/14/2009)
• Income from Business Verification (updated 5/14/2009)
• Income from Real Estate Verification (NEW)
• Lease Addendum - Accessiblity (updated 05/14/2009)
• Live-in Aide Agreement (updated 5/14/2009)
• Military Payment Verification (updated 5/14/2009)
• Mutual Fund Verification (updated 5/14/2009)
• Oral Verification (updated 5/14/2009)
• Pensions, Railroad Retirement, and Veterans Administration Verification (updated 5/14/2009)
• Public Assistance Verification (updated 5/14/2009)
• Record of Visual Inspection of Documents (updated 5/14/2009)
• Recurring Cash Contribution Verification (updated 5/14/2009)
• Release for Verification (NEW)
• Social Security Verification (updated 5/14/2009)
• Stock Verification (updated 5/14/2009)
• Student Verification (updated 5/14/2009)
• Trust Account Verification (NEW)
• Under 5K Asset Verification Form - LIHTC - updated May 2009
• Unemployment Affidavit (updated 5/14/2009)
• Unemployment Benefits Verification (updated 5/14/2009)
• Submission Dates of Owner's Certification of Continuing Compliance