News Release for Immediate Release
June 11, 2004
DHCD Issues Call For Filing of LIHTC Owners’ Annual Certifications
(Washington, DC) Owners of affordable housing projects developed with the Low Income Housing Tax Credit (LIHTC) in the District of Columbia are hereby notified to file the 2003 Owners’ Annual Certification, as required by Section 42 of the Internal Revenue Code (IRC), on or before July 1, 2004.
The forms are available below for the Department of Housing and Community Development. They may be completed electronically, but because the tax code requires the annual certification to be signed by the owner, a printed and signed copy must also be returned to 801 North Capitol Street, NE, Washington, DC 20002 on or before July 31, 2004. The electronic version of the application may be transmitted to Tax Credit Info, as long as the signed form follows by regular mail.
The District of Columbia’s Development Finance Division is in the process of converting its monitoring system to a database process, and is stepping up the physical monitoring required by the IRC. The focus of these efforts is to assure that tax credit properties are maintained in fit and affordable condition, and are compliant with the provisions of Section 42. Each year, one-third of all of the units generated by the tax credit program will be inspected, and the tenant files will be reviewed.
| Owner Compliance Certification Instructions* |
PDF |
| Owner's Certificate of Continuing Compliance Form* |
PDF |
| 2004 Owner's Certification Checklist* |
PDF |
| Attachment To Annual Certificate Of Compliance Form |
EXCEL |
| Request for Compliance Certification 2004* |
PDF |
| Vacancy Table Instructions* |
PDF |
| Annual Certificate Of Compliance Attachment 2 Form |
EXCEL |
| Owner Compliance Certificate* |
PDF |
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