This program provides federal and state tax credits to investors in
affordable housing through an annual competitive application process. Once
approved, the credit can be used each year for 10 years and is allocated to
developers, who may then sell it to raise equity to construct or acquire and
rehabilitate affordable rental housing.
The Qualified Allocation Plan (QAP) sets forth the selection criteria,
federal preferences and MHDC priorities for application selection. This Plan
is revised annually. A copy of
the QAP
is available on the MHDC website.
Congress has delegated the administration of the Low Income Housing Tax
Credit to state housing agencies to assure that good quality housing would
be available where it is most needed. MHDC is charged not only with the
allocation of credit, but also with assuring compliance with the
regulations. This includes the performance of a physical inspection of the
property and a review of management and occupancy procedures during the
compliance period and the extended use period.
ANNUAL
REPORTING REQUIREMENTS
On Line:
 | The Owner’s Certificate of Continuing Program Compliance - See Exhibit A on Forms Page. |
| LIHTC/HOME annual Occupancy Report - See Exhibit H on Forms Page. |
| Certification On
Line (COL) Application |
Mail:
| The original, notarized copy of the Exhibit A must still be provided in hard copy. |
| Utility Allowance documentation used for the reporting year |
| Schedule A filed with the IRS |
| Form 8609 for each building (as filed annually with the IRS) |
MHDC
LIHTC Asset Management
4625 Lindell Blvd., Suite 300
St. Louis, MO 63108
Resources
|
Yr
15 Agreed Upon Procedures 11/21/05 |
|
Year 15 Opt Out
10/14/05 |
|
Extended Use Period Compliance (EUP) 10/14/05 |
|
Low Income Housing Tax Credit (LIHTC)
forms, documents and manual |
| |
|
| |
|
Tenant Eviction Language Lease Addendum -
See Exhibit O on Forms Page |
|
Important Information Regarding Transfers Between Buildings in LIHTC Properties |
Contacts
|
Compliance Questions can be directed to Brenda York-Keegan bykeegan@mhdc.com Phone: 816-759-6688 |
|
