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LOW INCOME HOUSING TAX CREDIT
MONITORING AND
COMPLIANCE MANUALRevised 06/11iTABLE OF CONTENTS
Preface
I.
Introduction to the Delaware State Housing Authority (DSA)Page
vi
1II.DSA as an Allocating
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How to fill out lihtc monitoring and compliance
How to fill out lihtc monitoring and compliance
01
To fill out LIHTC monitoring and compliance forms, follow these steps:
1. Gather all necessary documents and information such as property name, property address, and tenant names and addresses.
2. Review and understand the LIHTC monitoring and compliance requirements and guidelines.
3. Complete the necessary forms accurately and legibly, providing all requested information.
4. Attach any supporting documentation required by the forms.
5. Double-check all information for accuracy and completeness before submitting the forms.
6. Submit the completed forms to the appropriate LIHTC monitoring and compliance authority.
02
Note: It is recommended to consult with a professional or refer to official resources for detailed instructions specific to your jurisdiction.
Who needs lihtc monitoring and compliance?
01
Anyone involved in the administration, management, or oversight of Low-Income Housing Tax Credit (LIHTC) properties needs LIHTC monitoring and compliance. This includes property owners, managers, developers, and government agencies responsible for monitoring and ensuring compliance with LIHTC program regulations and requirements.
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What is lihtc monitoring and compliance?
LIHTC monitoring and compliance refers to the ongoing oversight and adherence to rules and regulations related to the Low-Income Housing Tax Credit program. This includes ensuring that properties receiving LIHTC remain in compliance with program requirements.
Who is required to file lihtc monitoring and compliance?
Property owners and developers who participate in the LIHTC program are required to file LIHTC monitoring and compliance reports.
How to fill out lihtc monitoring and compliance?
LIHTC monitoring and compliance reports can typically be filled out online through the designated state housing agency's website. There are specific forms and documentation required for completion.
What is the purpose of lihtc monitoring and compliance?
The purpose of LIHTC monitoring and compliance is to ensure that properties receiving LIHTC are providing affordable housing to low-income individuals and families as intended by the program.
What information must be reported on lihtc monitoring and compliance?
Information such as the number of affordable units, tenant incomes, rent levels, and compliance with program requirements must be reported on LIHTC monitoring and compliance reports.
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