With passage
of the HR 3221, HUD is required to gather
demographic information for LIHTC properties. It is optional on
tenants’ past
but management must make a ‘best guess’ if not provided. Please begin
using
this TIC immediately.
2009 EOY REPORTING AND
INFORMATION: There
is
an
updated
software
package
and
a
new
submittal
process
for EOY 2009
- please read the EOY tutorial for all instructions/questions.
These materials are
intended to assist owners in meeting the requirements for complying
with Internal Revenue Code Section 42 and Section 1.42-5 of the
Regulations thereunder. However, it is important to note that
compliance with IRC 42 and the Regulations is solely the responsibility
of the owner of the building for which the Low-Income Housing Tax
Credit is allowable, and the owner is solely responsible for the
consequences of any non-compliance. CHFA shall not be liable for any
loss or damage caused by any inaccuracies in the information contained
herein, and suggest you review such information for accuracy prior to
implementation.