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Section 3
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  Asset Management > Program Compliance
 

> Low Income Housing Tax Credit (LIHTC) Compliance

 

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:

 

bullet The Owner’s Certificate of Continuing Program Compliance - See Exhibit A on Forms Page.
bulletLIHTC/HOME annual Occupancy Report - See Exhibit H on Forms Page.
bulletCertification On Line (COL) Application  
 

 

 

Mail:

 

bulletThe original, notarized copy of the Exhibit A must still be provided in hard copy.
bulletUtility Allowance documentation used for the reporting year.
bulletForm 8609 and 8609-A for each building as filed annually with the IRS.
bulletThe Missouri Eligibility Statement (MOST) as filed annually with the State of Missouri.

 


MHDC
LIHTC Asset Management
505 N. 7th St., 20th Floor, Suite 2000
St. Louis, MO 63101

 

Resources

 

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Frequently Asked Questions

 

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Qualified Contract Process
 

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Extended Use Period (EUP) Compliance

 

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Low Income Housing Tax Credit (LIHTC) forms, documents and manual
 

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Certification On Line (COL) FAQ UPDATED 01-27-2014
 

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Certification On Line (COL)
 

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Certification On Line (COL) Application

 

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Housing and Economic Recovery Act (HERA) Data Collection Requirement

 

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Compliance Accounting
 

bullet Tenant Eviction Language Lease Addendum - See Exhibit O on Forms Page
 
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Important Information Regarding Transfers Between Buildings in LIHTC Properties
 

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The Compliance Review Process Presentation 

 

Contacts

 

bullet

Candace Maupins, Program Compliance Administrator, cmaupins@mhdc.com, 816-759-6856

 

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Asset Management Staff Directory

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