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California Reminds LIHTC Properties of Tenant Demographic Data Collection Deadline

Monday, February 6, 2017 - 9:00AM

The California Tax Credit Allocation Committee (TCAC) issued a reminder that 2016 annual tenant demographic data collection for all low-income housing tax credit (LIHTC) properties in California must be submitted by March 17. TCAC reported that as of Friday, only 570 out of approximately 3,500 tax credit properties in California had submitted data. Failure to submit the required data before the deadline can result in an uncorrected Form 8823 to the IRS, up to 10 negative points in future tax credit rounds or fines to the ownership. 

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