WebThe IRS requires that Tax Credit monitoring agencies use the UPCS Inspection Protocol to monitor the physical standards of LIHTC and HOME properties. Using HUD’s inspection protocol for tax credit properties is more than just doing a REAC Inspection. There are subtle differences between doing a REAC Inspection and a UPCS Compliance inspection.

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WebCurrent LIHTC Income Limit per Family Sizefor the federal 50% or 60% set aside: 60% 50% 40% 30% Household Income exceeds 140% at recertification: Yes No H\hold Income at LIHTC Qualification Date: H\hold Size at LIHTC Qualification Date: PART VI. RENT Tenant Paid Rent Federal Rent Assistance Amount: $________ *Source: _____ Utility Allowance WebPrepare for all inspections including but not limited to DHUD, REAC, MOR, PHFA, PHA and County. Report any deficiencies to the Executive Director or designee within 24 hours. and remediate deficiencies with 20 business days of receipt. Respond promptly to all Compliance Line calls; Complete HUD & LIHTC compliance reporting as required generationpeche fr

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WebLIHTC Projects for Sale Under Qualified Contract LIHTC Projects for Sale Under Qualified Contract For 9% Tax Credit Allocation Developments: Margaret Feml, Asset Management … WebLIHTC rules for Tax Credit compliance period. HOME & LIHTC: Affordability Period. Slide 16. Deed and Use Restrictions ... • Low Income Housing Tax Credit (LIHTC) rules – Uses Section 8 definition of annual (gross) income – Allows for tenant certification of … WebThe Low Income Housing Tax Credit (LIHTC) is a dollar-for-dollar federal tax credit for affordable housing investments created under the Tax Reform Act of 1986. It gives … generation park houston texas