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County of Kauai, Housing Agency 4444 Rice St., Suite 330, Lhue, Hawaii 96766 Phone: (808) 2414444 Fax: (808) 2415118 https://www.kauai.gov/ Housing 2024 APPLICATIONOWNER AFFIDAVIT OF AFFORDABILITY

How to fill out owner affidavit of affordability

How to fill out owner affidavit of affordability

1. Obtain the owner affidavit of affordability form from the relevant authority or organization.
2. Read the instructions carefully to understand the requirements.
3. Fill in your personal information, including your name, address, and contact details.
4. Provide information about the property in question, such as its address and type.
5. Include details regarding your income and financial situation, ensuring to provide accurate and honest figures.
6. Sign and date the affidavit at the designated section, confirming the information provided is true.
7. Submit the completed affidavit to the appropriate office or agency, ensuring compliance with their submission guidelines.

Who needs owner affidavit of affordability?

1. Individuals or entities applying for affordable housing programs.
2. Property owners looking to certify affordability for rental purposes.
3. Individuals seeking financial assistance or income-restricted property access.

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What is owner affidavit of affordability?

The owner affidavit of affordability is a document that certifies the affordability of housing units in a development, confirming that the rental payments are within the financial reach of eligible tenants.

Who is required to file owner affidavit of affordability?

Developers or property owners of affordable housing projects, often those receiving government subsidies or tax credits, are typically required to file the owner affidavit of affordability.

How to fill out owner affidavit of affordability?

To fill out the owner affidavit of affordability, the owner must provide detailed information about the property, the affordability levels of the units, the income limits for tenants, and any applicable compliance information as required by local regulations.

What is the purpose of owner affidavit of affordability?

The purpose of the owner affidavit of affordability is to ensure compliance with affordability requirements and to document that housing units meet income eligibility criteria for tenants.

What information must be reported on owner affidavit of affordability?

The affidavit must report information including the number of affordable units, income limits for tenants, rent prices, and the period of affordability, along with any relevant program compliance information.