Program Compliance - Housing Credit Compliance
The Division of Program Compliance is responsible for conducting annual reviews of properties awarded housing credits as well as tri-annual on-site reviews of the property. Owners are required to maintain compliance with federal and state program requirements for at least 30 years. To determine compliance owners submit annual self-certificationsof tenant information via THDA's internet-based reporting system, Certification On-Line (COL). The Division reviews information submitted to determine compliance. All noncompliance is reported to the Internal Revenue Service ("IRS") on Form 8823: Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. Noncompliance is cured using the metholology described in the 8823 Guidebook issued by the IRS.
The Division offers Compliance Training for owners, managers, and dedicated compliance staff of housing credit properties. This training is offered several times per year in various locations in the state. Automated registration will be available when the training session dates and locations have been determined.
Compliance Forms:
- HO-0419 - Exhibit B: Transfer of Ownership Interest
- HO-0420 - Household Income Certification
- HO-0422 - Employment Verification
- HO-0423 - Verification of Annual Income, Household Size, and Utility Allowance by the Section 8 Administrative Agency for Applications with Housing Choice Vouchers
- HO-0430 - Next Available Unit
- HO-0433 - Student Verification
- HO-0436 - Zero Income Verification
- HO-0485 - Under $5,000 Asset Certification
- HO-0486 - Exhibit I: Building Casualty Loss Notification
- HO-0487 - Addendum A: Identification of Ownership/Management
- HO-0489 - Continuing Residency Certification
Compliance Bulletins, Notices or Letters:
- Housing and Economic Recovery Act of 2008
- Property Management Companies Who Have Completed THDA Annual LIHC Compliance Training