Affordable Housing Connections

Business Partner to the Housing Industry since 1989

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Compliance Monitoring

Affordable Housing Connections, Inc. partners with funders and owners of affordable housing to provide a variety of services and resources to the local affordable housing industry:

Training:
+ HTC Certifications and Reporting
+ HOME Program Certifications and Reporting
+ HUD 4350.3 – Qualifying the Household
+ Property Manager/Site Manager/Compliance Officer/Owner Training

Compliance Monitoring:
+ HTC Program compliance
+ HOME Program Compliance
+ FDIC Program Compliance

Consulting:
+ HTC Waiver Reviews
+ Technical Assistance to owners and managers of affordable housing
+ HTC/HOME guidance on corrective action and/or retroactive clarification of tenant files
+ Capacity Building for property managers, CHDOs, CDCs and owners

Affordable Housing Connections, Inc.
400 Selby Ave., Suite B
Saint Paul, MN 55102
(651) 222-8319 telephone
(651) 222-3755 fax

General e-mail address: ahc@ahcinc.net
Website address: www.ahcinc.net

For a staff roster and directions to our office, click on About Us.

What's New at AHC

++ Tax Credit Annual Report Requirements
Annual report packages for 2007 are due February 15, 2008. More...
Links to:
Tax Credit Report Submissions (PDF 354 K)
Q&A on HTC Compliance (PDF 146 K)
Available Unit Rule and Vacant Unit Rule Reporting (PDF 164 K)

++ Unit Inspections and File Reviews
AHC Compliance Monitoring Procedures and Bright Line Dates
Annual Owner’s Reports Due on February 15th (PDF 59 K)

++ Training Sessions in 2008
AHC is planning several new training session topics for 2008, including HTC compliance, HOME Program compliance, multiple funding sources, and qualifying the household under HUD Occupancy Manual 4350.3. Follow this link to see descriptions of topics and to pre-register. More...

++ HTC Income and Rent Limits
The 2008 income and rent limits were published with a February 13, 2008 effective date. These limits remain in effect until new limits are published. According to Revenue Ruling 94-57, new income and rent limits must be implemented no later than 45 days after HUD releases the new limit or HUD's effective date, whichever is later. See the 2008 HTC rent and income limits here:

++ IRS Guide for Completing Form 8823
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.

++ Tax Credit Compliance Monitoring Manuals for 2008
New Suballocator manuals are now available...

++ Social Security Administration Cost Of Living Allowance (COLA) Effective January 1, 2008
The new 2008 Social Security cost of living adjustment (COLA) of 2.3% was published on October 18, 2007. Property managers should include this increase (similar to a raise) when calculating anticipated income for tenants is Section 42 tax credit properties. more ...

Download the Cost Of Living Allowance (COLA) adjustment for 2008.