The Program Compliance Division conducts internal and external monitoring on rental housing programs administered by THDA. The Division also supplies technical assistance to program participants to ensure long-term compliance and affordability.
The Low-Income Housing Credit is a credit against federal income tax liability each year for 10 years for owners and investors in qualifying low-income rental housing. An award of housing credits results in a subsequent compliance period of 15 years as well as a successive 30-year extended use period. The Program Compliance Division annual reviews compliance by the housing credit property with on-going federal and state compliance period requirements.
The Program Compliance Division is not conducting management and occupancy reviews nor following up on REAC inspections at this time.
If you have any questions or need further information, please contact Gwen Coffey, Director of Program Compliance, at 615-815-2219.