CTCAC Releases Updated Versions of Most LIHTC Compliance Forms
The California Tax Credit Allocation Committee (CTCAC) has released updated versions of nearly all forms for low-income housing tax credit (LIHTC) compliance, effective May 1. The use of modified or previously approved forms–as well as any modifications or changes to the new forms–will not be allowed by CTCAC. Owners and management agents have through Dec. 31 to implement the use of the forms. Effective Jan. 1, 2023, use of any outdated or modified versions of required CTCAC forms will result in a finding of noncompliance. The only holdover forms are tenant income certification and the tenant household information form.
The Novogradac LIHTC Property Management Handbook provides the most updated information for LIHTC compliance monitoring.