Property Compliance News Briefs - April 2017

Wednesday, April 5, 2017

The Wisconsin Housing and Economic Development Authority (WHEDA) released Feb. 10 a list of the 10 percent test due dates for all 2016 low-income housing tax credit (LIHTC) awardees. The list contains 30 awardees with deadlines this year ranging from Aug. 20 to Nov. 16. The complete list is available at www.wheda.com.

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The California Tax Credit Allocation Committee (CTCAC) announced Feb. 10 that minor changes were made to the placed-in-service checklist. Section 2-01 references to developments with ground leases were corrected and Section 3-02 now includes a question about the structures line item in the cost certification. CTCAC stated that this information is necessary to confirm whether costs excluded are related to fees paid by tenants for items such as storage facilities or parking. The updated document is available at www.treasurer.ca.gov.

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The Ohio Housing Finance Agency (OHFA) program compliance office sought feedback until March 10 on its communication methods, styles, compliance issues and industry partners. The OHFA stated that submitted feedback will ensure that communications from OHFA reach the compliance industry effectively as well as reach the staff and personnel that need the information more efficiently.

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