Compliance Functions
The Compliance & Asset Management 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.
Housing Credit Compliance
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 Compliance & Asset Management Division annually reviews compliance by the housing credit property with on-going federal and state compliance period requirements.