Housing Credit Compliance
Functions of the Division
The Division of Multi-Family Programs 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-certifications of tenant information via THDA's internet-based reporting system, Housing Credit Management System (HCMS). 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 methodology described in the 8823 Guidebook issued by the IRS.
Compliance Forms
- HO-0419 - Exhibit B-Multiple Owners
- HO-0419 - Exhibit B-Single Owner
- HO-0419 - Exhibit B-2 -General Partner Change
- HO-0425 - Exhibit C Applicable Fraction Worksheet
- 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-Management Company Change
- HO-0489 - Continuing Residency Certification
- HO-0427 - Exhibit F: Nonrevenue Form
- Certification of Student Status
Compliance Bulletins, Notices or Letters
- Guidance for Compliance Monitoring Guidance on COVID-19
- Guidance for Revenue Procedures in response to Bradley and Hamilton Counties Tornadoes
- Request to Provide Emergency Housing Relief for Bradley and Hamilton Counties
- Displaced Household Certification for Bradley and Hamilton Counties
- Guidance for Revenue Procedures in response to Davidson, Putnam, and Wilson Counties Tornadoes
- Request to Provide Emergency Housing Relief for Davidson, Putnam, and Wilson Counties
- Displaced Household Certification for Davidson, Putnam, and Wilson Counties
- Guidance for Energy Star Utility Allowance for LIHTC Developments
- Guidance for Revenue Procedures in response to Tennessee Wildfires
- Housing and Economic Recovery Act of 2008
- Multifamily Programs Compliance Coordinator Portfolio Listing
Tennessee Housing Online Management and Application System (THOMAS)
- THOMAS Compliance Guide
- For technical issues regarding THOMAS contact Kaitlyn Bell, Multifamily Programs Development Coordinator.
Certified Property Management (CPM)
- Certified Property Management Process
- Approved Certified Property Management Entities
- Certified Property Management Application
Income Limits
- Applicants should utilize this link to determine Income Limits.
Qualified Contract Process (QCP)
- Qualified Contract Process Guidelines
- Notice of Intent
- Qualified Contract Request
- Qualified Contract Worksheets
For more information, please contact Chuck O'Donnell, Multi-Family Programs Compliance Manager.
