Compliance Services

We provide all compliance services necessary for properties regulated by State and Federal Low Income Housing Tax Credits (LIHTC). The vast majority of the properties we manage were financed through the LIHTC program. As such, we are very familiar with the all the compliance regulations that govern these properties. We have developed excellent relationships with all the LIHTC monitoring agencies including the New York State Department of Housing and Community Renewal (DHCR), the New York State Housing Finance Authority (HFA), the New York City Department of Housing Preservation and Development (HPD), and the New York City Housing Development Corp (HDC).

Our Compliance Services Include:

• Annual recertification of tax credit units
  
• Comprehensive reporting to tax credit investors and agencies
  
• Maintain tenant files
  
• Supervising the annual agency and investor audits
  
• On-site physical inspections
  
• Next available unit rule
  
• Monitoring rents to comply with tax credit rules