FROM: Asset Management, Management & Development Division
SUBJECT: Annual Reports and Certifications
DATE: January 5, 2017
New Hampshire Housing would like to remind all Owners/Agents of the following annual reporting requirements. Please keep in mind that failure to submit all required reports and certifications within the required timeframes may have a negative impact on future scoring for the Low Income Housing Tax Credit program and future funding for other programs. Please feel free to contact your Asset Manager with any questions.
Low Income Housing Tax Credits
In December 2010 New Hampshire Housing began requiring tenant data to be submitted electronically through our Web Compliance System. Allowners/agents must have all required tenant data for the previous calendar year entered into the New Hampshire Housing LIHTC system no later than February 1st of each year. Please click here to access the New Hampshire Web Compliance site. As a reminder, all Web Compliance user logins were made inactive at the end of 2016. To have an account re-activated, please contact Laurel Treamer by phone at (603) 310-9293 or by email at [email protected].
In addition to the tenant data submission, the Owner/Agent must submit the following certifications no later than March 1st of each year for projects still within the 15-year compliance period: Owner Certification of Continuing Program Compliance, Management Agent Certification of Annual LIHTC Training (one form per management company, not per property), Certificate of Compliance with Special Conditions (if applicable), and Annual Certification of Service Coordination (if applicable). For projects that have completed the 15-year compliance period the following forms are required: Owner Certification of Continuing Program Compliance - Post Year 15 and Certificate of Compliance with Special Conditions (if applicable). Please click here to access the most current version of the required forms.
Please keep in mind that the Certificate of Compliance with Special Conditions must list all Special Conditions outlined in Exhibit B of the property's LIHTC Land Use Restriction Agreement.
Please submit all Low Income Housing Tax Credit certifications to [email protected].
All of the following reports and certifications must be submitted to the Asset Manager assigned to each individual property.
HOME
Although the Status Report is no longer required for tax credit purposes, it continues to be required for HOME program purposes. The Owner/Agent must submit the HOME Compliance Monitoring Report no later than February 1st of each year. The required form can be located here.
In addition to the HOME Compliance Monitoring Report, the Owner/Agent must submit the Certification of Compliance within 30 days following the close of the property's fiscal year. The form can be found here under Forms.
Tax Exempt Bonds
All properties financed with Tax Exempt Bonds must submit the following certifications within 30 days following the close of the property's fiscal year: Certification of Compliance (same as HOME above) and the appropriate Tax Exempt Bond Program Certificate of Continuing Program Compliance. Please note that there are 2 different Tax Exempt Bond Certifications. Please be sure to use the form that refers to the appropriate section of the Regulatory Agreement for each property. Both forms can be found here under Forms.
New Hampshire Housing Financing
All properties financed with New Hampshire Housing's financing must submit the Certification of Compliance (same as HOME above) within 30 days following the close of the property's fiscal year.
Annual Audited Financial Statement
We would also like to remind all owners/agents of properties funded by New Hampshire Housing that, according to the Regulatory Agreement, a copy of the audited financial statement for the property must be provided to our office within 60 days of the close of each fiscal year. Audit instructions and requirements can be founds here under Financial Information. For properties with a calendar year fiscal year this means that the audit is due no later than March 1st.
