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Your premier affordable housing compliance agency since 1989

Program Compliance

What’s new in Program Compliance?

 

Please see the “Forms & Reporting Tools” Quick Link on the left to download compliance forms; including HOME Compliance Report, GRH Income & Rent Calculation, IRS Guide for Completing Form 8823, Suballocator Data Practices Act Forms, and many others.

Please see the “Program Manuals” Quick Link on the left for Suballocator, PJ, & FDIC Contact Information and/or Manuals.

Please see “Income & Rent Limits” Quick Link on the left for past and present limits.

2022 Income Limits Published

The U.S. Department of Housing and Urban Development (HUD) has posted income limits to determine eligibility for HUD-assisted programs, as well as eligibility for low-income housing tax credit (LIHTC) and tax-exempt bond properties for the fiscal year (FY) 2022. The FY 2022 national median income is $90,000, a 12.5% increase over 2021. The limits took effect on April 18.

2022 Suballocator Manuals

Suballocator Manuals have been updated for 2022 and are posted to our website. The manuals include clarifications on Request for Action submissions, reporting requirements for owners with projects serving LTH, rent increases in assisted living projects, the requirement of Tenant Selection Plan, effect of noncompliance for management companies. Please be sure to review the updated manuals and reach out to us with any questions you may have.

Updated CHART Guide

The CHART User Guide was updated and can be found in Egnyte. There were no substantial changes to CHART for PY2021. Please utilize the user guide when questions arise regarding CHART and reach out to your portfolio manager should you have any additional questions.


2022 Unit Inspections and File Reviews

Owners of projects selected for site visits in 2022 will be notified with details and requirements.

Affordable Housing Connections (AHC) made a few updates this year to how the compliance monitoring workload is distributed. These modifications were saved and uploaded into your Management Company’s correspondence folder for each project applicable.

Jen Arens is the main contact for all new LIHTC projects not yet Placed In Service (PIS) and all first-year projects. Naomi Hrncir is the main contact for all Federal Deposit Insurance Corporation (FDIC) Projects. Amanda Hitzeman is the main contact for the Affordable Housing Program (AHP) Edina, Neighborhood Stabilization Program (NSP), the Sponsor Initiated Affordability (SIA) Program, and the Minneapolis Inclusionary Zoning (IZ) Program.

Until further notice, we will continue to complete tenant file reviews (TFRs) at AHC’s office. Uniform Physical Condition Standards (UPCS) inspections will be conducted virtually via Microsoft Teams. If you are slated to have a physical inspection this year, further details will be provided in your Site Visit Notice.

Should you have compliance or monitoring questions regarding your property’s affordable program, please contact us at AHC@ahcinc.net and you will be redirected to your assigned contact lead.


IRS Further Extends Relief from LIHTC and PAB Deadlines, Compliance Requirements Due to COVID-19

The Internal Revenue Service (IRS) released a notice on Friday January 14, 2022 in its Internal Revenue Bulletin extending widespread temporary relief from certain requirements for low-income housing tax credit (LIHTC)-financed and private activity bond (PAB)-financed properties due to the COVID-19 pandemic. Notice 2022-05 extends previous relief for the 10% test for carryover allocations, the 24-month minimum rehabilitation period, the placed-in-service deadline, the reasonable period for restoration or replacement in the event of casualty loss, and agency correction periods.

The notice also provides an extension to satisfy occupancy obligations. Concerning compliance, Notice 2022-05 provides an extension of the requirement for a 30-day notice for state agency reviews of tenant files through the end of 2022 and allows state agencies to defer physical inspections through June 30, 2022, with the option to extend that through the end of 2022 in consultation with local public health experts. The closure of amenities or common areas in LIHTC properties due to COVID-19 will not result in a reduction of eligible basis and essential workers may be provided emergency housing in LIHTC properties


Social Security Administration

Effective 01/01/2022, Social Security COLA for 2022, 5.9% Increase

Effective 01/01/2021, Social Security COLA for 2021, 1.3% Increase

Previous Years Cost of Living Allowance (COLA) - Adjustments since 1975

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