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Property Compliance News Briefs - April 2012

The U.S. Department of Housing and Urban Development (HUD) on February 10 issued Notice H 2012-2 detailing collection procedures for excess income receivables (EIR). It also issued form HUD-93104, a monthly report of excess income for its Section 236 properties. HUD says it will aggressively pursue confirmed delinquent and missing EIR reports and take enforcement actions against owners/management agents who fail to comply with HUD's requirements. The notice also specifies the procedure that HUD will follow in addressing delinquent or missing EIR reports. Notice H 2012-2 can be found at the HUD website.

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The Arizona Department of Housing (ADOH) in February released an updated version of its low-income housing tax credit (LIHTC) annual report workbook. Owners are required to submit annually by March 15 a report for the preceding calendar year. Owners who have submitted their 2011 annual reports do not need to resubmit their reports. Property owners can download the updated workbook from the agency's web site at the Arizona Department of Housing. Questions about the annual workbook should be directed to Lisa Troy, housing compliance administrator, at (602) 771-1071 or [email protected].

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The Ohio Housing Finance Agency (OHFA), in response to a growing number of restrictive covenant modification requests, established and published guidelines it will follow when reviewing requests to modify restrictive covenants on LIHTC properties. The guidelines outline the materials that owners must include in requests for covenant modifications and describe the possible changes that OHFA may approve to an affordability covenant. The guidelines are available at the Ohio Housing Finance Agency and questions should be directed to Brian Carnahan at (614) 728-5608 or [email protected].

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In other news from OHFA, the agency announced that it has updated the completion instructions for its affirmative fair housing marketing plan (AFHMP). The instructions are contained in document PC-E44, which can be downloaded from OHFA's web site. The updated form requests copies of advertising and marketing materials and photos of property signage. Properties with HUD- or the U.S. Department of Agriculture Rural Development-approved AFHMPs do not have to complete the form. Questions should be directed to Arthera (T.J.) Burgess at (614) 995-0306 or [email protected].

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The Energy Upgrade California – San Diego Multi-Family Program offers cash incentives to multifamily property owners that perform energy efficiency upgrades. Owners can receive $350 to $3,000 per unit for energy efficiency upgrades, including wall, roof or floor insulation; water heating equipment; furnaces; air conditioning equipment; appliances; and lighting. Incentives are available on a first-come, first-served basis for qualifying properties. Program incentives and technical assistance end May 30. More information about the program is available at Energy Upgrade California.

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Matt Bergeon succeeded Bob Thompson as acting manager for core operations and intake within Michigan State Housing Development Authority's asset management division. Bergeon has worked with the authority for seven years. Thompson retired from state service in February. Bergeon can be reached at (517) 241-8316 or [email protected].

Journal Category:

Property Compliance

Authors:

Novogradac

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