April 14, 2017
2017 Income Limits have been published! They are effective 4/14/17 and must be in use no later than 5/28/17. For Honolulu and Hawaii counties limits have recovered and all properties are to begin using 2017 limits. For Maui and Kauai counties watch for a possible correction from HUD regarding properties placed in service on or before 12/31/08. The MTSP web site is telling owners to use the 2017 limits for those properties but those limits remain lower than other year limits. Be sure to check the MTSP limit chart to determine which income limits your property is to use if it's in either Maui or Kauai County.
January 24, 2017
Spaces are filling fast for this year's session of "Introduction to Hawaii Housing Finance Corporation's Affordable Housing Programs". It is being held on Monday, February 6, 2017 at the Pacific Beach Hotel, starting at 9:00 a.m. If you'd like one of the few remaining seats RSVP to Lois at [email protected]
January 18, 2017
A revised LIHTC/HMMF Tenant Income Certification and a revised Self Certification have been posted in the Required / Recommended Forms section below. Please begin using these forms immediately.
January 6, 2017
The HHFDC has published their 2016-2017 QAP. You will find it under LIHTC Qualified Allocation Plans (QAP) below.
December 6, 2016
The End of Year Owner Letters have been sent out for LIHTC, HMMF and RHRF programs. If you have not received yours yet please see the drop down tabs below
October 7, 2016
Please see the tabs below for updated Owner Certification Forms for HMMF for 2016.
June 20, 2016
Approved HOME and NSP status reports, as well as instructions, have now been posted. Please download, complete, have owners sign, and submit no later than 7/15/16 with the rent approval. Original may be sent to the County HOME coordinator with an electronic copy to Spectrum. Please do not submit hard copies to us.
May 27, 2016
The annual HOME end of year submission is due by 7/15/16. A draft HOME/NSP status report with a complete set of instructions has been developed and is available below. Please hold of on submitting until the draft report has been finalized.
Please submit the current version. You will find the status reports (one for each HOME and NSP) as well as instructions under the HOME/NSP End of Year Reporting tab below.
May 16, 2016
On Friday, May 13, 2016 HUD published the 2016 HOME and NSP income and rent limits. They are effective on June 6, 2016 and must be put in place by that date. There is no grace period for instituting HOME limits.
Please remember that there is no "hold harmless" for HOME limits. If the limits in your County have decreased you must lower your limits for HOME units accordingly for move-ins and lease renewals as of 6/6/16.
April 12, 2016
On March 3, 2016 the IRS posted final regulations regarding utility allowance submetering in the Federal Register. Please remove Section 2.6 from your LIHTC Compliance Manual and replace with pages found here. The Federal Register with the final regulations may be found here.
March 29, 2016
HUD published 2016 income limits on 3/28/16 with a 3/28/16 effective date. For LIHTC, HMMF, RHRF, DURF there is a 45 day grace period to institute the new limits. However, for many properties there will actually be no income limit changes as 2016 limits remain lower than the 'hold harmless' year already in use.
Please check your placed in service year to determine if the 2016 limits are higher than limits you are currently using. Newer properties are obviously not able to use 2011, 2012, or possibly even 2014 limits so would not be "held harmless" at those levels.
For Section 8 there is no hold harmless and also no 45 day grace period. New limits must be put into place immediately for Section 8.
See this link: https://www.huduser.gov/portal/datasets/mtsp.html