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Property Compliance News Briefs – October 2018
The Wisconsin Housing and Economic Development Authority (WHEDA) announced Aug. 29 that it is seeking information on damages and possible displacement of residents from recent storms and flooding in the state. WHEDA asked that property managers contact their compliance officer or portfolio officer with the property name, location, description of damage, number of displaced residents, whether the property has flood insurance and a contact name and phone number.
The California Tax Credit Allocation Committee released Aug. 10 an updated placed-in-service checklist to include requirements for developments awarded low-income housing tax credits in 2015, 2016 and 2017. The checklist also eliminates duplicative checklist items, consolidates sections and clarifies requirements.