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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.

IMPORTANT DATE: LIHTC & HOME Program 

Reporting Deadline 2/16/2021

January 1, 2020 through December 31, 2020 LIHTC & HOME completed submission package must be uploaded to your secure folder within Egnyte by Tuesday February 16th, 2021 by 5:00 p.m. Documents for submission are located within your secure folder.

Submission Package Requirements:

1. Owner 2020 CHART Authorization for each project

2. Signed HTC12, HTC12(Y15) and HOME program Owner's Certification including any applicable supporting documentation

3. PY2020 completed HTC and/or HOME CHART Report

4. All completed UA schedules effective during the reporting period

  • For project with allocated credits, but not yet Placed in Service, use the owner certification form found in the HTC 12 only CHART on tab HTC 12. Complete the top portion of the HTC12 form, check the box indicating “No buildings have been Placed in Service”. Skip all other items and have the owner representative sign and date the form.

CHART PY2020 is to be used for the following two types of projects:

  • Projects with tax credits issued by a Suballocator for which AHC conducts compliance monitoring.
  • Projects with tax credits and HOME issued by a Suballocator for which AHC conducts compliance monitoring.

HOME CHART PY2020 is to be used for the following type of project:

  • All HOME projects that do not have tax credits issued by a Suballocator but that contracts with AHC for monitoring.

HTC12 Only CHART PY2020 is to be used by the following types of project:

  • Projects with either a 42m letter or Carryover letter issued prior to 12/31/20 must report with both an HTC12 and an HTC12 Only CHART, whether or not placed in service.
  • Projects with tax credits issued by a Suballocator for which AHC conducts compliance monitoring and have no buildings placed in service in 2020.
  • Projects with tax credits with at least one building placed in service in 2020 but owner elected to not claim credits in 2020

2021 Unit Inspections and File Reviews

Owners of projects selected for site visits in 2021 will be notified with details and requirements.

FDIC

Social Security Administration Cost Of Living Allowance

(COLA) Effective January 1, 2021, 1.3% increase in 2021

Cost of Living Adjustment (COLA) for Social Security and SSI benefits.
Previous Years Cost Of Living Allowance (COLA) - Adjustments since 1975

(COLA) Effective 01/01/2022, 5.9% increase in 2022

Cost of Living Adjustment (COLA) for Social Security and SSI benefits.

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