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:
- Form of Opinion Letter Regarding Non-Profit Qualification
- Exhibit I - Building Casualty Loss Notification
- Under $5,000 Asset Certification
- Employment Verification
- Student Verification
- Household Income Certification
- Zero Income Certification
- Next Available Unit Rule
- Verification of Annual Income, Household Size, and Utility Allowance by the
Section 8 Administrative Agency for Section 8 Assisted Applicants