2009 HTC Annual Reports are now under review. Contact the following staff with questions:

• Lyn Burton- Dakota County projects, First Year projects, Rochester projects, and projects managed by Sherman Associates
• Kage Dana- all UPCS inspections
• Alan Halm- Saint Paul, Washington County HRA and all FDIC AHP projects
• Kathleen Proctor- Minneapolis and St. Cloud HRA projects
• Peris Oladipo- all HOME projects monitored for City of Saint Paul and the St. Louis County Consortium
• Lyn Burton and Kathleen Proctor – all TCAP and Sec. 1602 Exchange lease-up monitoring

++ 2010 Income and Rent Limits
HTC 2010 Income and Rent Limits - The 2010 LIHTC Income and Rent Limits were released and went into effect May 14, 2010. There is a forty-five (45) day grace period from the effective date to when the income limits must be implemented. Click here for more details

HOME Program 2010 Income and Rent Limits - The 2010 HOME Program Income and Rent limits have been released by HUD. The new limits become effective on June 26, 2010. Click here for more details

FDIC Income and Rent Limits - The 2010 FDIC AHP Income and Rent have been released and became effective April 2010. Click here for more detail

++ Unit Inspections and File Reviews
Owners of projects selected for inspections in 2010 will be notified with details and requirements.

++ Training Sessions in 2010
Please see our Training page for additional information

Watch for announcements of training sessions to be held quarterly throughout 2010.
 

++ Tax Credit Compliance Monitoring Manuals for 2010
New Suballocator manuals are available...

++ IRS Guide for Completing Form 8823  (NEW! Revisions 10/09)
The document presents standardized operational definitions for the noncompliance categories listed on Form 8823 and is intended to provide consistent interpretation and application of Internal Revenue Code (IRC) Section 42 requirements among states and consistent reporting of noncompliance. Suballocator monitoring of compliance under the content of this guide began effective January 1, 2008.

++ New Suballocator Data Practices Act forms
Effective 1/1/2010  Download forms ...

++ Social Security Administration Cost Of Living Allowance (COLA) Effective January 1, 2010
With consumer prices down over the past year, monthly Social Security and Supplemental Security Income benefits for more then 57 million Americans will not automatically increase in 2010.  this will be the first year without an automatic Cost-of-Living Adjustment (COLA) since they went into effect in 1975.

Download the Cost Of Living Allowance (COLA) adjustment for 2009.

NOTE:  All tenants receiving Social Security benefits must still provide award letters for income verification at annual recertification.  Even if there has not been a COLA increase for 2010, it cannot be assumed that there has been no adjustment in the tenant's benefits.  Be sure to obtain 2010 award letters.  If the award letter indicates that there has been no change, then the previous year's amounts may be used.