Property Compliance News Briefs – January 2019

Friday, January 4, 2019

New Hampshire Housing issued a memorandum Nov. 14 reminding owners and management agents of low-income housing tax credit properties that the annual certifications of compliance with the regulatory agreement, as well as tax-exempt bond annual certifications of compliance, if applicable, must be emailed to the [email protected] mailbox. The HOME monitoring compliance report must now be faxed to (603) 488-0978. The annual certifications are due 30 days following the close of the property’s fiscal year-end, and HOME monitoring compliance reports are due by Feb. 1 each year.

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Oregon Housing and Community Services (OHCS) released Nov. 15 the draft, “Breaking New Ground: the OHCS Statewide Housing Plan.” The plan is a five-year look at the agency’s priorities, goals and strategies in ensuring a stable and affordable housing landscape. The document reflects what the agency says is needed to address the housing and service needs of both rural and urban communities throughout Oregon, and identifies six priorities with corresponding goals and strategies. OHCS is seeking feedback to clarify strategies and strengthen the plan.

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The New Jersey Housing and Mortgage Finance Agency (NJHMFA) issued a reminder email about 2018 tax credit compliance information Dec. 4. NJHMFA updated several compliance forms, all due Jan. 31. The forms are the owner’s certificate of continuing program compliance for new properties, the owner’s certificate of continuing program compliance, the owner’s certification of continuing program compliance during the extended-use period and the child support affidavit. 

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