++ Tax Credit Annual Report Requirements
Watch for instructions on program year 2009
coming soon.

Q & A on HTC Compliance
Tax Credit Report Submissions

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

++ Training Sessions in 2009
Please see our Training page for additional information

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

++ 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:

++ 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.

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

++ 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.