> Annual Financial Statements

Annual financial statements are due in MHDC’s St. Louis office within 90 days of each property’s fiscal year-end. Extensions will be granted on a case-by-case basis. Extensions must be requested through MHDC’s Asset Management Reporting System (AMRS) indicating the reason(s) the extension is needed. MHDC will notify you in writing of the approval or denial of your extension request, but in no case will more than one 30-day extension be granted.
 

New Financial Statement Requirement for 2009
Missouri legislative staff has requested that MHDC collect more detailed information on the allocation of Low Income Housing Tax Credits. Properties with 13+ units must submit a Schedule of Eligible and Allocated Federal and State Tax Credits as part of the annual audited, reviewed, or compiled financial statements. Properties with 1-12 units must mail the current signed Forms 8609 and Missouri Eligibility Statements for each building as prepared by the certified public accountant to MHDC's St. Louis office - 4625 Lindell Blvd, St. Louis, MO 63108. For reporting year 2009, signed 8609 forms and eligibility statements must also be submitted for all previous years of the tax credit period to provide the entire
tax credit history to-date.

The AFS should include the following schedules, at a minimum: (Balance Sheet & Inc. Statement with Account Numbers)
 

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* Not required for Tax Credit Only Properties
** Required for all HUD Insured financial statements, Rural Development and MHDC HOME Fund Audits