LIHTC Policy & Procedure
for Managing Tax Credit
Solving the Eligibility
Puzzle... Five Steps for
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A comprehensive set of forms that will work for you, not
FULLY UPDATED JULY 1, 2011!!
All forms updated forms to meet
new compliance and fair housing requirements.
Added new forms to help better
verify retirement accounts, annuities, and life insurance.
Step-by-Step Worksheets to help
you better process student eligibility for Section 8 and Tax
Credit properties as well as blended properties.
All the Section 8 student
eligibility forms you need including Parental Independence
Self Affidavit, Parental Income Eligibility Declaration,
Parental Absence Self Affidavit, and Parental Financial
Step-by-Step Real Estate Worksheet
to help you determine cash value.
And much, much more!
Certification Processing Kit™
The industry’s best tool for proving
compliance and thoroughly documenting the resident file.
Complete package for processing your move-in certifications and annual
Forms Included In Package:
Initial Application & Recertification
Questionnaire: Two simple yet comprehensive forms to determine
all income, assets and other eligibility information from the
applicant/resident and his household members. Each eligibility
question is cross-referenced for your ease of determining the exact
verification in which to have the applicant complete and/or to be
sent to the third-party source. Takes all the guess work out of the
applicant interview and allows you to begin processing the paperwork
immediately and on the right foot!
Income and Asset Verifications: A
complete set of income and asset verifications including, but not
limited to, an Employment, Social Security, Public Assistance, Bank,
and Real Estate verifications. A total of 16 third-party
verifications. Each have been thoroughly tested and proven to get
results from even the slowest third-party sources.
New in 2011: Pension, Retirement
Savings and Whole Life Insurance Verifications
Self-Affidavits: A set of
self-affidavits for those types of eligibility items that only the
applicant/resident can attest to. A total of 7 forms including, but
not limited to: Self-employment, Zero Income, Disposed of Assets,
Live In Care Attendant, Unborn Child, and Marital Status. Each of
these affidavits allows you to gather the right information from the
applicant and obtain the appropriate signatures.
New in 2011: Unborn Child and
Marital Status Self Affidavits.
Full-Time Student Forms: One of the
more difficult eligibility items to verify! This kit include
the forms you need to verify student status correctly and accurately
for both Tax Credits and Section 8 properties.
New in 2011: Worksheets to help you
process student eligibility on Tax Credit, Section 8 and blended
properties, Student Financial Aide Verification, Section 8 and RD
Student Eligibility Self Affidavit, Section 8 Parental Independence
Self-Affidavit, Section 8 Parental Income Eligibility Declaration
and Certification, Section 8 Parental Absence Self-Affidavit and
Parental Assistance Self-Affidavit.
Legal, Auditing and Inspections Forms:
An easy-to-use Tenant Income Certification, Intent to Lease and
Lease Addendum. Also includes File Audit Report, Unit Inspection
Form, Common Area Inspection Form, Exterior Inspection Form and
Move-Out Inspection Form.
Complete Set of Instructions:
Written in plain-English detailing the best way to complete your
initial move-in paperwork and annual recertifications.
New in 2011: Fully updated to
include all the new rules brought on by the recent changes to the
Tax Credit Program!
Explaining … in easy-to-understand terms … the Tax Credit Program.
Ideal for sharing with applicants who are applying for a Tax Credit
unit and are confused with the entire eligibility process! This is
the same form I used when I was on site (updated a few times of
course) that helped me explain the process to my applicants and
helped me reduce the number of calls and question I would get from
applicants regarding their application status!
Additional Forms Included:
Prospect Information Sheet: A
complete tool to assist you in gathering the preliminary information
on a Tax Credit applicant that expresses interest in your
apartments. Great for documenting marketing traffic as well as
making pre-qualification determinations.
Waiting List Application: A
preliminary application for the prospective applicant. Allows you to
gather enough information to run your background checks and
determine if the applicant is a candidate for the waiting list.
Building Lease-Up Status Report:
Rent up can be grueling. Plus you usually have a million and one
reports to complete. The form that will allow you to accurately and
precisely track each building’s lease-up and determine the month-end
fraction on a building by building basis.
Project Qualified Occupancy Report:
At any given time, you can be expected to complete a report
detailing the projects overall occupancy and each building’s
applicable fraction. Now, you have the form that will help keep
track of this information and make it reportable to even the
Unit Inspection Report: Gotta do
‘em. But now you have a form that will assist you in completing and
File Audit Report: Again, a
necessary evil. But now you have a form that tells you what to look
for so you can pre-audit your files like a real professional!!
Verification Tickler: No more
sending your verifications out into Never-Never Land hoping they
will return. This form allows you to document and track the status
of all of your verifications and to ensure you have all required
forms BEFORE you begin processing the certification/recertification.
Tenant Certification Summary: Many
of your resident’s will stay with you for years. This means multiple
recertifications. In an effort to summarize the household’s
eligibility status each and every year, this form allows you to jot
down the most pertinent information so it can be reviewed at a
glance. No more shuffling through the entire file to answer simple
questions or to review the resident’s eligibility history!
Income Worksheet: Completing the
Tenant Income Certifications can be challenging. Especially if you
MUST use a State Agency form! But with the Income Worksheet, you can
determine income eligibility quickly and accurately and then use
this information to transfer it to even the evilest of Tenant Income
Transfer Worksheet: Unit transfers
are always popping up on your property. With this simple form, you
can be sure to document the actions you took, the unit numbers
involved and the eligibility information. This form makes even the
trickiest transfers easy!
Verification Forms: Several new forms to help you with your fair
housing responsibilities including a Reasonable
Accommodation/Modification Request Form and a Reasonable
Accommodation/ Modification Verification Form – allowing you to
document the entire process.
Education Tracking Form: Maintain a
history of all your staff members and their classroom attendance for
fair housing, Tax Credit, HUD and any other programs in which they
need to have continuing education.
NCSHA's Best Practices Forms: We’ve
added all the Best Practices forms created by the National Council
for State Housing Agencies and frequently implemented by the State
Monitoring Agencies from across the country.
Recertification Notification Letters:
Series of letters you can use to notify your residents of their
upcoming annual recertifications reminding them of their cooperation
Student Eligibility Worksheets:
Whether following the Section 8 or RD's student rule, the Tax Credit
Program's full-time student rule or both, we have the worksheets
that will walk you through the maze of these complex rules allowing
you to determine student eligibility and document compliance!
And much, much more!
Certification Processing Kit includes:
Electronic Version of Each Form: A
CD-Rom containing all the files used to create the forms and the PDF
files of each form for easy cross platform printing.
Kit Also Includes: A license to
reproduce and change forms for company-specific use, a CD containing
all the files used to create the forms and the PDF files of each
form for easy cross platform printing.
All this for only $395!
First Time License:
own our Certification Processing Kit
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*All forms and items including in this packet
were created on Microsoft's Word for Windows™. The included CD
contains each form in its original format. Purchasers of this package
are granted a license to modify the items for their company's specific
use. Purchasers are prohibited from selling or otherwise transferring
any or all items contained in this package or on the disk to any other
individuals or companies.