Housing Credit Compliance

Housing Credit Compliance

The Compliance & Asset Management Division 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, Tennessee Housing Online Monitoring and Application System (THOMAS). 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 Training Resources

THOMAS Compliance Training (10/24/2024)
HOTMA Compliance Training (11/18/2024)
Compliance Forms Training (12/19/2024)

New & Updated Compliance Forms for 2025

Compliance Forms

Compliance Bulletins, Notices or Letters

Notice of Major Disaster Relief & Emergency Housing Relief Authorization For Displaced Individuals HURRICANE HELENE
Low-Income Housing Tax Credit Program Displaced Individuals Certification HURRICANE HELENE
01 20 22 LIHTC Notice of Major Disaster Relief and Authorization for Emergency Housing Relief TENNESSEE TORNADOES
Displaced Household Certification for TENNESSEE TORNADOES
Major Disaster Declaration Information for Dickson, Hickman, Houston and Humphreys Counties
Displaced Household Certification
Guidance for Compliance Monitoring Guidance on COVID-19
Guidance for Energy Star Utility Allowance for LIHTC Developments
Housing and Economic Recovery Act of 2008
Utility Allowance Guidance
Utility Allowance Instructions
Average Income Test Guidance

Tennessee Housing Online Management and Application System (THOMAS)

Certified Property Management (CPM)

Income Limits

  • Applicants should utilize this link to determine Income Limits.

Qualified Contract Process (QCP)

For more information, please contact TNCompliance@thda.org 

Resource Links