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Tax Credit Annual Report Requirements
Watch for instructions on program
year 2009 coming soon.
Q & A on HTC
Compliance
Tax Credit Report Submissions
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Unit Inspections and File Reviews
Owners of projects selected for inspections in 2010 will be notified with details and requirements.
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Training Sessions in 2009
Please see our
Training page for additional information
Watch for announcements of training sessions
to be held quarterly throughout 2010.
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HTC Income and Rent Limits
The 2009 income and rent limits were published with a
3/19/2009 effective date. These limits remain in effect until new limits are published.
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.
The implementation date for new 2009 tax credit income and rent
limits for suballocator projects is May 5, 2009. See the 2009 HTC
rent and income limits here:
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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.
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Tax Credit Compliance Monitoring Manuals for 2010
New Suballocator manuals are available...
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New Suballocator Data Practices Act forms
Effective 1/1/2010
Download forms ...
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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.
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