Property Compliance News Briefs - December 2017

Tuesday, December 5, 2017

The California Tax Credit Allocation Committee (CTCAC) released Oct. 13 a new lease rider template. The template incorporates many suggestions CTCAC received over the course of the past several months. For developments that received a tax credit reservation in 2017 or later, CTCAC does not intend to negotiate the language further for individual developments. The red-lined version was also made available to reflect changes made in June. The lease rider template is available at www.taxcredithousing.com.

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The New Hampshire Housing Finance Authority (NHFA) issued a memo Nov. 1 to owners and management agents of low-income housing tax credit properties regarding storm damage. NHFA stated that in light of Oct. 30 storms, anyone experiencing substantial property damage or without power should contact Andrew Boyle at [email protected] with the general details. 

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