|HOME Rental Housing Compliance|
Annual Reporting Requirements
The annual reporting requirements for rental housing financed through federal HOME financing differ from the requirements of a property financed with both HOME and Low Income Housing Tax Credits (LIHTC).
For properties financed with HOME funds without Low Income Housing Tax Credits, the Annual Certification of Continuing Program Compliance (Exhibit K) and the Annual Occupancy Report (Exhibit H) must be provided (in hard copy format) no later than close of business on March 31.
In addition, an accurate utility allowance is required to be updated and submitted to MHDC on an annual basis in conjunction with these annual reports. (See Sec. 3.16 of the HOME Rental Housing Program Compliance Manual.)
Annual reporting for HOME Program properties with LIHTC is required to be done through the Certification On-Line (COL) System in accordance with the Seasonal Reporting Schedule which is based on the Placed-In-Service dates. The original, executed copy of the Exhibit K must still be provided in the hard copy format along with the current utility allowance.
Missouri Housing Development Commission
Asset Management Department
4625 Lindell Blvd., Suite 300
St. Louis, MO 63108