The FDIC established the Affordable Housing Disposition Program (AHP), to enhance its ability to sell single family and multifamily properties that will benefit Low Income families. In return for purchasing a property at a price below the fair market value, purchasers agreed to make units available to Low and Very Low Income households at affordable rents. The rent and income restrictions are designed to assure that the property serves families in need of affordable housing.
AHC monitors compliance of FDIC properties in the state of Minnesota.
Please see the “Forms & Reporting Tools” Quick Link on the left to download compliance forms; including annual report forms, tenant release & consent forms, under $5000 certification, upload instructions and many others.
Please see the “Program Manuals” Quick Link on the left for the FDIC Owner Manual.
Please see “Income & Rent Limits” Quick Link on the left for past and present limits.
Chapter 5 of the HUD Occupancy Manual Requirements of Subsidized Multifamily Housing Programs is used for determining income from income sources and assets. Information on deductions, allowances, and calculating rent does not apply to FDIC. Or call 1-800-767-7468
Social Security COLA for 2016 no increase.
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