Compliance News Briefs - May 2022
The Washington State Housing Finance Commission issued an updated guide April 1 allowing property managers and owners to identify their portfolio analyst based on the name of the property. The 29-page document included email addresses and direct phone numbers for the respective analysts.
Minnesota Housing introduced in March its XML Upload to The Property Online Reporting Tool (PORT). The tool allows property managers to upload tenant data exported into an XML file for uploading into PORT. The goal of the tool is to replace portions of manual data entry. Visit Minnesota Housing’s website for more information about software providers, XML schema and other technical requirements.
Form 8609 Schedule A, aka 8609-A forms, are due May 2 to the Alabama Housing Finance Authority, as are financial statements. All properties that received low-income housing tax credits (LIHTCs), LIHTCs with HOME funding or LIHTCs with multifamily bond financing and fell within the compliance period in 2021 must submit a form via email, flash drive, thumb drive or memory stick. Paper submissions are not accepted for either 8609-A or financial statements.
The Alaska Housing Finance Corporation (AHFC) resumed physical inspections March 21. The inspections were suspended Sept. 27, 2021, due to a surge in COVID-19 cases throughout the state. AHFC staff will examine tenant files remotely, according to a March 7 notice posted to its website by its compliance officer.
In a March 18 bulletin, the Illinois Housing Development Authority (IHDA) reminded owners and agents of IHDA-assisted and -financed rental properties about LITHC and compliance deadlines. The authority’s Compliance Connection website details each property’s annual compliance requirements as well as links for forms, instructions and tutorials.