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 2008 have been received and are under review.

Tax Credit Report Submissions (PDF 354 K)
Q&A on HTC Compliance (PDF 276 K)
Available Unit Rule and Vacant Unit Rule Reporting (PDF 164 K)

++ Unit Inspections and File Reviews
Owners of projects selected for inspections in 2009 will be notified with details and requirements. Inspections are underway.

++ Training Sessions in 2009
HOME – Income Eligibility Training

July 22, 2009, Eagan Community Center, Eagan, MN
August 6, 2009, Timber Lake Lodge, Grand Rapids, MN

Training session Information
Training session Register

++ 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
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 2009
New Suballocator manuals are available...

++ Social Security Administration Cost Of Living Allowance (COLA) Effective January 1, 2009
The new 2009 Social Security cost of living adjustment (COLA) of 5.6% was published on October 16, 2008. 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 2009.