(7.6) Resident Fraud, Tax-Exempt Bond-Financed Properties with Tax Credits (PDF) Rev 02/2009 (5.16) Stocks, Bonds, Treasury Bills, Certificates of Deposits, Money Market IRS E-NEWS Email and you will be notified when there are changes to this manual. Issues (PDF) Rev 12/2019 (2.3) Violence Against Women Act (VAWA) (2.2) For Use by the General Public s endstream endobj 133 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream endstream endobj 145 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream When e-mailing, please provide a descriptive subject line to assist with directing inquiries to the proper staff members. For all other Michigan State Housing Development Authority (MSHDA) and Low Income Housing Tax Credit (LIHTC) properties there is no specific required lease. (9.3) Fees endstream endobj 116 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 109 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0 0 18 18 re The Federal Low-Income Housing Tax Credit was created by the Tax-Reform Act of 1986 and extended by the revenue Reconciliation Acts of 1989 and 1992 in order to encourage the private sector to invest in the construction and rehabilitation of housing for low- and moderate-income families. (2.14) Effect of Resident Moving to Another Unit (100% Affordable Properties( Credit|Bond/Tax Credit| (11.5) Noncompliance 0 0 18 18 re 0.75293 g (7.1) Noncompliance with State Requirements 0 0 18 18 re If a Development Owner desires to sell the property under the qualified contract process such Development Owner must notify NIFA using the process outlined below. managers step-by step instructions on how to fulfill compliance requirements if 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 . WBARS (5.15) Income from Assets Search for a specific grantee and view itsawards, contact information, and reports, and more. Register for upcoming training, webinars, conferences, and more. Projects Eligible for a Qualified Contract Request. CDBG Application Handbook (REV March 2020 corrected) CDBG Administration Handbook 2014. . The amount of HPD's authority is negotiated annually with the State. 12/15MSHDA Checklist(Word) (Mandatory Form) 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. TENANT FILE - REVIEW CHECKLIST . 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. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq 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. H (11.5) Post-Year 15 Training The IRS has published Notice 2022-52, providing unexpected extensions to HFAs and LIHTC properties due to the COVID pandemic. (5.16) Types of Assets cA ib@3dC[a!!yY g`Y"R*^4an'9hAd iJ>+3h{xzyjbz-Z7.TizJl}r:rBIb050 0.5 0.5 17 17 re endstream endobj 141 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream s endstream endobj 136 0 obj <>/Subtype/Form/Type/XObject>>stream Eligible to participate in the company benefits plan. 10/17Compliance Officer Customer Service Survey (Word). Streamlined Monitoring Procedures Overview - 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. Virtual and in-person training opportunities will be available to learn about the new manual. (3.3) Large Households 0 0 18 18 re | Seattle, Washington 98104, Calculating Assets 101- Part 1 & Part 2 Training 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. endstream endobj 124 0 obj <>/Subtype/Form/Type/XObject>>stream \` ,u 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq s endstream endobj 128 0 obj <>/Subtype/Form/Type/XObject>>stream | This document is intended to be used as a reference tool to help grantees prepare for HUD compliance reviews. (10.4) Three-Year Period Policies), Sample PowerPoint Slides (PDF) Town of Stoddard, 1450 Route 123 North, Stoddard, NH 03464-4153 Ph: 603-446-3326 Fax: 603-446-2278 Government Websites by CivicPlus This annual LIHTC Compliance Training is a comprehensive course specifically designed to assist affordable housing professionals with becoming skilled in project compliance. (3.3) Persons with Disabilities (7.2) Common Reasons for Noncompliance (6.8) Annual Recertifications for Mixed Income Properties /Tx BMC f minutes) (5.1) Summary Tenant Based Rental Assistance Guide. Appendix: They should be able to provide insights on financial matters and help drive the organization's growth strategy. Child Support Affidavit 131. Audits for compliance with due diligence for certain tax benefits, such as the earned income tax credit (EITC), child tax credit (CTC), including additional child tax credit (ACTC), credit for other dependents (ODC), American opportunity tax credit (AOTC) and/or the head of household (HOH) filing status, as defined by IRS Section IRC 6695(g) are another tier of our Preparer Compliance Program. /Tx BMC /Tx BMC LIHTC Ownership Capacity Certification Form Review theDevelopment Owners packet of due diligence materials and agree on an appropriate Qualified Contract Price (QCP). Compliance FAQs Federal Low Income Housing Tax Credit A significant change in the method by which the federal government assists the development of affordable housing was born with the passage of the Tax Reform Act of 1986. Attendees learn all the details of how to determine an applicants eligibility and how to keep a LIHTC property in compliance with the many rules and regulations of the IRS and HUD, as spelled out in HUD Handbook 4350.3 REV 1 and other federal notices. 0.75293 g 1 g \` ,u @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > 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) Once the noncompliance is resolved, NIFA will file a corrected (back in compliance) Form 8823. endstream endobj 98 0 obj <>/Subtype/Form/Type/XObject>>stream A thorough narrative description of the Development, including all amenities suitable for familiarizing prospective purchasers with the Development. HOME |SITE (9.4) Timeframe and Completeness Current Rules Compliance Monitoring Rule - Texas Administrative Code Title 10 Chapter 10 Subchapter F (Secretary of State website) (effective 11/03/2022) endstream endobj 111 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (6.1) Owner Annual Certifications (PDF) Rev 03/2018 SFRF-ARP PRESERVATION NOFA. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq 08/16List of Unit Numbers(Excel), 01/23Resident Fees(PDF) Infractions are reported to the Internal Revenue Service, which, in its discretion, may conduct tax audits. Denver, CO. Posted: March 01, 2023. (5.21 Additional Income and Asset Information endstream endobj 100 0 obj <>/Subtype/Form/Type/XObject>>stream %%EOF (5.6) Picture Identification 1 g Any opinions or conclusions expressed by any third party should not be construed as opinions or conclusions of Novogradac. (4.4) Model Units Certification (PDF) Rev 03/2018 (11.2) Qualifying for the Waiver 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. (5.19) Lump-Sum Receipts 6 | Compliance Materials Rent Change Requests Manuals & FAQs Exhibits & References Required Forms 0.5 0.5 17 17 re (10.3) Owner Certifications and Commitment Resources and assistance to support HUD's community partners. 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. (5.9) Alimony and Child Support (5.14) Student Income 09/04Annual Project Summary(PDF) IRS Form 8609- Low Income Housing Credit Allocation Certification Exhibit A-2: Project Owner's Management Agent Certification. Forms and Reports f 2023 All Rights Reserved, NYC is a trademark and service mark of the City of New York, 2023 HOME and LIHTC - Income and Rent Limits for NYC, 2023 LIHTC Income -Averaging Project - Income and Rent Limits for NYC, HPD Annual Owner Certification Form Part A, HPD Annual Owner Certification Form Part B, HPD eRent Roll Template - Including Instructions, Tenant Income Certification Form Instructions, Investment or Pension or Annuity Verification, Student Status and Financial Aid Verification, HUD Handbook: Income Inclusions and Exclusions, Compliance in HOME Rental Projects: A Guide for Property Owners, HOME and Low Income Housing Tax Credit Guidebook, Advisory for HOME and LIHTC Property Owners Regarding the Violence Against Women Act, Highlights of Changes in the 2013 HOME Final Rule (changes in compliance monitoring for HOME projects funded after August 23, 2013), IRS Guide for Completing Form 8823, LIHTC Noncompliance or Building Disposition, IRS Guidance:Electronic Signature Program. 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 Allowance Spreadsheet - Method 6 (Excel), Webinar E-News monthly newsletter. (5.13) Annuities f (11.4) On-Site Visits 01/2020 MSHDA model lease forms are located on the AM Policies and Formspage. Recertification Elimination Forms (9.1) Summary 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. The Low-Income Housing Tax Credit (LIHTC) program (also known as Section 42) is the federal government's primary method of funding new affordable rental housing in the USA. L Related Forms: (4.2) Restricted Rent Requirements endstream endobj 151 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Act as a facilitator for requests of prospective purchasers by referring them to the appropriate contact personsfor the Development Owner. The debit note should be issued for the amount of tax which is charged less, i.e. 18 KB. Some tax credit projects receive tax credits from both Minnes ota Housing and a suballocator. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq LIHTC Lease Addendum (PDF) H You may submit comments via the online form here. endstream endobj 135 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0 0 18 18 re The LIHTC is designed to subsidize either 30% or 70% of the costs in a low-income unit rental project. (5.8) Non-Wage Income @D)YolE;a!.(X7pId>Y]8{x y$=/KOPc4 > (2.16) Utilities Paid by Owner endstream endobj 170 0 obj <>/Subtype/Form/Type/XObject>>stream s In order toreceive pointsontheLIHTCapplicationyou must attend the Compliance Training. 1D)Yw )z yTsRiu}aJM~Xav?>hY'$8h5Zveq They are solely responsible for documents and information provided to NIFA and to prospective purchasers. Alone and in combination with tax exempt private activity bonds, the LIHTC has been the most . Below are MSHDA approved recommended leases and addendums. Our products and services work seamlessly within your company's business processes to meet all of your asset management and compliance needs. 0 0 18 18 re 0 0 18 18 re Resources 0 0 18 18 re 0.5 0.5 17 17 re Tax Credit Annual Report Common Errors/Best Practices Rev. H The Low-Income Housing Tax Credit (LIHTC) program is the most important resource for creating affordable housing in the United States today. Proposed Ownership Entity Certification (2.16) Appendix O (1.6) Tax Credit Only Properties hb``f``d E-09 Administrative Record. Learn through self-paced online trainings, recorded webinars, and more. endstream endobj 102 0 obj <>/Subtype/Form/Type/XObject>>stream Arkansas Standards in Housing. 01/19Change in System Contact Form(PDF) Rev 12/29/2022, Regulations & Other Authority (PDF)| Notice of Non-Assignment - Habitat Applicant. 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 . Compliance Forms Checklist (PDF) Rev LIHTC VAWA and Manager's Unit Guidance. minutes), Explanation of WSHFC's Special-Needs Housing Commitments, Information for Real Estate Professionals. Policies)Rev 02/2009, Compliance Monitoring Fees (PDF) Rev 05/01/2020, Sample (11.3) Household Transfers endstream endobj 121 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Calculation of Qualified Contract Price Worksheet (Sample) (Word), Post-Year 15 Monitoring Procedures (PDF) Rev 03/2017 Current Ownership Entity Certification (3.4) Housing for the Homeless endstream endobj 127 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream f 2023 LIHTC Compliance Virtual Workshop #1; 2023 LIHTC Compliance Virtual Workshop #2; . (10.3) Additional Owner Requirements Join our mailing list to receive the latest industry news and training updates. f H 1 g EMC Careers |Commissioners | Contact Us /Tx BMC 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. The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. 11/15Annual Student Eligibility Certification LIHTC & Tax Exempt Bond(Word) (Mandatory Form), 10/15Annual HOME Certification of Student Status(PDF) (Mandatory Form) endstream endobj 103 0 obj <>/Subtype/Form/Type/XObject>>stream (3.1) Summary of State Requirements 206-587-5113 | Contact Us 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. endstream endobj 144 0 obj <>/Subtype/Form/Type/XObject>>stream (8.1) Income Restrictions, Property Transfers (9.4) How to Submit Required Documents 03/14Owners Certification of Completion of Repairs(PDF) TheDevelopment Owner agrees to indemnify, defend and hold NIFA harmless with respect to the use of information submitted with respect to the Development. Development Owners who believe the development they own is eligible for the option year should contact NIFA. s 0.75293 g Tax Credit Request for Proposals - 2023 Tax Credit General Set-Aside Compliance monitoring is basically comprised of three processes: Review of Annual Owner Certifications submitted by March 1st, to ensure income-qualified tenants are paying rents which are below the mandated limits. 0.5 0.5 17 17 re See Developments Currently Eligible for a Qualified Contract Request. Rev 10/2018 LIHTC/Tax Exempt Bonds without Section 8 rental assistance and which have reached the end of their initial tax-credit compliance period. (11.5) Additional Low-Income Housing Use Period 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. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. File Audit Forms - Complete through the CARS application on the Online Systemspage. H f Every TCS online class includes both an instructor and teaching assistant to ensure your questions are addressed quickly and accurately. 0 0 18 18 re Inspections hbbd```b``)90L.DV!ARx Lz`|q&8X3 Sn>8}]"gqHV_0LJH q6 n 7&` q0? ^; Date. H 9 | f (5.18) Real Estate Owned Facilities |Land Acquisition Program There are subtle differences between doing a REAC Inspection and a UPCS Compliance inspection. (2.13) Mixed-Income Buildings with Different Sized Units 0 0 18 18 re 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. 07/03RHS 1944-8Sample Form. endstream endobj 156 0 obj <>/Subtype/Form/Type/XObject>>stream Rev 10/2018 E-05 Checklist for Tribal Consultation under Section 106. It availed the ITC. 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) 2016 MAP Guide Waivers for Chapter 14.13.D, Repayment Terms for Deferred Developer Fees (03/22/2019) 08/22Extension Request(PDF) f s 0.75293 g Move-In Master File Checklist- LIHTC PPMG 17a PPMG. Stream Presentation on Vimeo (32 03/14Owners Certification of Completion of Repairs(Word) Bond Tax Credit Project (PDF) If there are questions regarding Compliance Forms, please email Compliance Monitoring Unit or call (517) 241-2560. Powerpoint (PDF) 206 PPMG 31. Utility 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 endstream endobj 131 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream Chapter 5: s s Physical inspection of properties to ensure they meet mandated standards. s C: Actual Usage Estimate Guidance - Method 6 (PDF) Policy Regarding Vacancies Pending a . 01/05Income Certification for 125-150% AMGI(Word), 11/13HUD 50058Sample Form What are the eligibility requirements for the ADA Tax Credit? (9.9) For Changes to Limited Partner or Upper Tier Member please provide 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. (8.1) Summary Chapter 5, Exhibit 2: Assets (PDF), Utility Allowance Procedures for LIHTC Properties (PDF) IRS Form 8586- Low Income Housing Credit Appendix O / Added language to Management Change Checklist . H 0.5 0.5 17 17 re D. A program to increase small-scale rental development units in rural areas. (11.5) Fulltime Student Households /Tx BMC H 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). Videos 05/2008, Reporting & This may include providing copies of additional rent rolls,development tax returns, income certifications, repair and maintenance records, operating expenses and debt service information, and other due diligence documents. 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. endstream endobj 167 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream (2.20 Correction Period for Non-Compliance (510) Public Assistance/Welfare Income (5.11) Military Pay 02/11Ownership Entity Information Form(Excel), Optional - for property use only: 120 122/123 PPMG. H Find point of contact information for HUD's grantees. 207 TC BD. (11.3) Re-Certifications endstream endobj 142 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 157 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream H f 0.5 0.5 17 17 re Rev 05/01/2020, Chapter: 0.5 0.5 17 17 re (1.6) Compliance Process Overview Records Retention (PDF) Rev 11/2014 A debit note is required to be issued as the tax charged in the invoice is less than the actual tax payable. 0 0 18 18 re 0 0 18 18 re Appendix N Determining Income and Calculating Rent (PDF) Contact txcr.multifamily@nifa.org if you have any questions. Commission-issued low-income housing tax credits were used to finance a Doc Title. Use to document information obtained verbally or to explain any unusual circumstance in the file. Tax Credit Compliance Manual Farmer/Rancher|Nonprofit (2.6) Evictions Sample Pro-forma - Non-Habitat. endstream endobj 159 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream EMC (7.3) Recertifications at 100% Low Income Properties 0 0 18 18 re 0 0 18 18 re HUD & Tax Credit (LIHTC) Compliance is Critical For HUD and Tax Credit properties, noncompliance puts you in danger of losing current and future funding. State Requirements (PDF) Rev 09/2019 (5.18) Rental Income When we identify noncompliance or a disposition of a building, NIFA is required to notify the Internal Revenue Service (IRS) during the initial 15-year compliance period using Form 8823, Low Income Housing Credit Agencies Report of Noncompliance or Building Disposition. P | 11 | (9.3) Conditions and Consent s endstream endobj 153 0 obj <>/ProcSet[/PDF/Text]>>/Subtype/Form/Type/XObject>>stream 0 0 18 18 re 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.