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DHCD Issues Call for Filing LIHTC and HOME Annual Owner’s Certifications

Monday, December 18, 2017
Housing Owners Must File by Feb. 16 to Comply with Federal Funding Rules

(Washington, DC)– The DC Department of Housing and Community Development (DHCD) announces that owners of affordable housing projects developed with Low Income Housing Tax Credit (LIHTC) and Home Investment Partnership (HOME) funds in the District must file their 2017 certification and monitoring documents by Friday, February 16, 2018.

The filing of annual Owner’s Certifications of Compliance as well as 2018 Monitoring Compliance Fees for LIHTC properties is required by the LIHTC and HOME Investment Partnerships Act. The requested monitoring forms and documents for the 2017 calendar year are as follows:

LIHTC-Specific

  • LIHTC Owner’s Certificate of Continuing Program Compliance (Note: Hard copy with original signature required)
  • Building Status and Vacancy Report
  • Compliance Monitoring Fees per invoice

Both LIHTC and HOME

  • Attachments 1 and 2, Current History of Project Contacts and Project Specifics
  • Reporting Period Year Utility Allowance Support Documentation

HOME-Specific

  • HOME Owner’s Certificate of Continuing Program Compliance (Note: Hard copy with original signature required)
  • HOME Semi-Annual Compliance Report Table

The LIHTC and HOME Certificates of Continuing Program Compliance must be submitted in hard copy. They must be signed by an authorized member of the ownership entity and mailed to:

DC Department of Housing and Community Development

Portfolio and Asset Management Division

1800 Martin Luther King Jr. Avenue SE

Washington, DC 20020

Attention: Sharron Campbell

 

All other forms must be returned electronically to [email protected]. Failing to submit or complete the forms in their entirety may result in noncompliance with federal regulations governing the District. For more details, contact Sharron Campbell at [email protected] or 202-442-7138.

LIHTC and HOME are two critical sources of federal funding for affordable housing. Earlier versions of federal tax reform legislation threatened to eliminate LIHTC, as well as private activity bonds, the New Markets Tax Credit, and the historic rehabilitation credit. Mayor Muriel Bowser spoke out against the potentially devastating of the proposed changes on District residents and urged Congress “to develop a bill that will actually make it easier for hardworking families to prosper.” A conference version of the legislation released on December 15 does retain the three tax credits as well as private activity bonds. Both chambers are expected to vote on the bill this week. DHCD will continue monitoring the legislative process to access the impact that any enacted law may have on future affordable housing proposals.