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LIHTC Compliance Manual

1800 Martin Luther King, Jr., Avenue, SE Washington, DC 20020 LOW-INCOME HOUSING TAX CREDIT AND HOME INVESTMENT PARTNERSHIPS PROGRAM OWNER S Compliance Manual FEBRUARY 2012 JOHN E. HALL, DIRECTOR Department of Housing and Community Development (DHCD) Owner s Compliance Manual Page ii Effective February 2012 TABLE OF CONTENTS TABLE OF CONTENTS .. ii FOREWORD .. iv WEBSITE, TRAINING AND FORMS .. 2 A. WEBSITE .. 2 B. TRAINING .. 2 C. FORMS .. 2 LOW INCOME HOUSING TAX CREDIT Compliance .. 3 A. INFORMATION TO BE KEPT AT EACH SITE .. 3 B. IMPORTANT TIME PERIODS.

The Compliance Period (IRC 42(i)(1)) is the duration of the credit period plus 5 years. The compliance period is 15 years beginning with the first year of the tax credit period (placed in service year or subsequent year if deferral was elected).

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