Ms. Stephanie Newburg will join AHC as a Senior Compliance Officer on February 13, 2012. Ms. Newburg served as Dakota County CDA's HOME Program Coordinator since 1993. She administered and managed the federal HOME Investment Partnership (HOME) program on behalf of a consortium consisting of Anoka, Dakota, Ramsey, and Washington Counties and the City of Woodbury. She also coordinated and taught lender training for Dakota County's First Time Homebuyer Program, provided foreclosure counseling to county residents, and coordinated and taught HomeStretch Homebuyer education classes. Before that, she managed a caseload of Federal Section 8 Rent Assistance recipients as a Housing Specialist. Welcome Stephanie!

Ms. Peris Oladipo has been designated as a Certified HOME Program Specialist - Regulations with an examination score that qualifies her as a HOME Technical Assistance Provider. Congratulations!

2011 HTC Annual Reports are due to AHC on February 15, 2012. Contact the following staff with questions:

• Lyn Burton - First Year Projects and desk audits for Minneapolis, Saint Cloud and Washington County projects.
• Alan Halm - Extended Use projects and FDIC AHP projects.
• Peris Oladipo - All HOME projects monitored for City of Saint Paul and the St. Louis County Consortium
• Rita Ander - UPCS inspections
• Kathleen Proctor - Desk audit only projects
• Lyn Burton, Kathleen Proctor and Rita Ander – All TCAP and Sec.1602 Exchange lease-up monitoring

++ 2012 Income and Rent Limits
HTC 2012 Income and Rent Limits - The 2012 LIHTC Income and Rent Limits were released and went into effect December 1, 2011. There is a forty-five (45) day grace period from the effective date to when the income limits must be implemented. Click here for more details

HOME Program 2012 Income and Rent Limits - The 2012 HOME Program Income and Rent limits have been released by HUD. The new limits become effective on February 9, 2012. Click here for more details

FDIC Income and Rent Limits - The 2012 FDIC AHP Income and Rent have been released and became effective December 1, 2011. Click here for more detail

++ Unit Inspections and File Reviews
Owners of projects selected for inspections in 2012 will be notified with details and requirements.

++ Training Sessions in 2012
Please see our Training page for additional information

Watch for announcements of training sessions to be held quarterly throughout 2012.
 

++ Tax Credit Compliance Monitoring Manuals for 2012
New Suballocator manuals are available...

++ IRS Guide for Completing Form 8823  (rev. 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.

++ Suballocator Data Practices Act forms
Effective 1/1/2010  Download forms ...

++ Social Security Administration Cost Of Living Allowance (COLA) Effective January 1, 2012
The latest COLA is 3.6 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 3.6 percent beginning with the December 2011 benefits which are payable in January 2012.