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 aboyle@nhhfa.org with the general details. 

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