March 6, 2015
The 2015 LIHTC Income Limits have been released. See this link to the HUD website.
September 8, 2014
End of year forms for LIHTC, RHTF, and RHTF have been revised. Be sure to use the new versions (2014-09) when reporting next year! In addition, a new form has been added to document compliance with HR 467. If you manage multiple programs in one property you only need to complete one HR 467 form but you do need to submit one for each of your properties if you manage more than one. 2014 end of year reports are due by 2/1/15.
July 8, 2014
A reminder that the HOME/NSP Rental Compliance Report for the period from 7/1/13 – 6/30/14 is to be completed and submitted to the County HOME office by 7/15/14.
June 24, 2014
Under the LIHTC Compliance Manual tab you will find a revision to section 2.6 of the tax credit compliance manual. This is the utility allowance section of the manual. Please download and add to your manual.
Please monitor the web site over the summer months for possible additional revisions!
January 23, 2014
The HHFDC has provided 2014 income limits. Please remember that these limits are a guide only. Your limits may differ depending on the program financed with the HHFDC. You will find the new limits under the Income Limits drop down menu to the left.
January 17, 2014
Revised owner certs are posted and to be used. Note that if you have already completed the annual report with the version posted in November there is no need to revise.
December 19, 2013
The new 2014 income limits have been released. Please see this blog post written by Erik Whitton for more information and links.
December 6, 2013
The Verification Procedures for HHFDC Affordable Housing Programs class is coming in February, 2014! See this flier for more information about location and date: HHFDC FLIER PDF
November 14, 2013
New versions of the LIHTC – RHTF – HMMF Annual Report and Certification of Continuing Compliance forms are posted and must be used when submitting end of year 2012 data. These forms and any related fees are due to the HHFDC (with a copy sent to Spectrum) no later than 2/1/14. The Status Report Database however will be due on March 1, 2014 next year due to updates that have yet to be finalized. Please do not submit or even complete databases until the updates come out to ensure that all newly required HUD data is transmitted.
October 30, 2013
The Social Security Administration has just released the new 2014 COLA adjustments. It has been adjusted to 1.5%. Please see this link for details.
September 27, 2013
Stay tuned! Lois Churchill will be in Hawaii on February 2 & 3, 2014 for her annual training. Location TBD.
July 12, 2013
Reminder: HOME Reports due 7/15/13. Send reports to the appropriate county contact and NOT to Spectrum.
May 13, 2013
The HOME rent limits have been published. See the HUD memorandum here. See the rent limits here.
May 1, 2013
Don’t forget to download the newest version of the software to avoid receiving an error message when you attempt to submit your database. See the EOY drop down menu at the left for the updated version.
April 18, 2013
Thew new 2013-2014 QAP is now available for download. Click the drop down menu at the left to view the PDF.
March 20, 2013
Home Income Limits are available here. They are effective 3/15/2013.
All compliance monitoring fee checks are to be made out to and sent to the HHFDC, not to Spectrum!
January 18, 2013
Please see the Memos and Notices menu for a transmittal from the HHFDC regarding 2013 income limits. They must be in use today, 1/18/13. Also, in the Income Limits drop-down menu at the left you will find the HHFDC income/rent limit chart for your reference. Remember, it is up to owners/managers to double check the accuracy of these limits before relying on them.
December 27, 2012
All owners and agents need to submit separate checks for monitoring fees when participating in multiple programs (LIHTC, HMMF and/or RHTF). Owners and agents need to indicate which project and program the fees are for on the checks.
December 12, 2012
2013 LIHTC Income Limits have been revised. Follow this link for more information and clarification.
The effective date of this income limit data is 12/4/2012. All properties must utilize the new amounts within 45 days. January 18, 2013 would be the deadline
December 5, 2012
End of year submission letters were emailed to owners/managers of LIHTC, RHTF, and/or HMMF financed properties today. Submission deadline is 2/1/13. You can find those letters under the End of Year drop down menus to the left.
November 28, 2012
Please start using the new LIHTC Employment Verification form available under the Required and Recommended drop down menu at the left.
November 2, 2012
The End of Year Owners report has been updated for the LIHTC/HMMF and RHTF programs. Please see the new forms in the drop down menus to the left.
October 30, 2012
Several forms have been updated or added to the Recommended and Required forms drop down at the left. The revised LIHTC/HMMF TIC and self-certification form are available in Word and in Excel. These forms should be used starting immediately. The HMMF quarterly report is also now posted.
June 15, 2012
The HOME/NSP Rental Compliance Report is due July 15. Find the form and further details under the HOME End of Year forms drop down menu at the left. The report is to show activity from July 1, 2011 to June 30, 2012.
January 20, 2012
2012 HOME Rent and Income Limits Published December 7, 2011 The new 2012 income limits have been posted. Please use this link.
November 3, 2011
We have received clarification for HUD’s Hawaii office that for HOME properties annual certification with verification of income using source documents must be done at move-in and every sixth year of an individual tenant household’s tenancy. If you do not currently verify income/assets of HOME tenants each year (allowed only if there are no other affordable programs attached to the property) make sure you are doing so at move-in, in year six, twelve, etc.
March 18, 2011
The HHFDC has published their QAP for 2011-2012. Download from our LIHTC Qualified Allocation Plan (QAP) link here or under the drop down menu.
The Section 8 Income verification form has been revised and now may be used in most housing programs at annual certification. (4/10)
- Memo determining and Verifying Income Eligibility (PDF)
- Section 8 Income Verification Form (PDF)
With passage of the HR 3221, HUD is required to gather demographic information for LIHTC properties. It is optional on tenants’ part but management must make a ‘best guess’ if not provided. Please begin using this TIC immediately.
Transmittal from the HHFDC regarding 2013 income limits (PDF)
IRS 8823 Audit Guide (Revised April 2011) (PDF)
HUD 4350.3 REV-1 Change 3 (August 2009) (PDF)
Revised Chapter 5 (PDF)
IRS Notice 2009-44 (PDF)
Memo to Owners/Managers- LIHTC Changes in Annual Certification Procedures (PDF)
HHFDC LIHTC Self-certification of Annual Income Form (PDF)
IRS Final Utility Allowance Regulations (Effective July 29, 2008) (PDF)