chfa enews - multifamily loan compliance

March 4, 2021

In this issue:

New combined CHFA multifamily program compliance manual for LIHTC and CHFA multifamily loan programs
Updated compliance forms for LIHTC and CHFA multifamily loan programs
New VAWA compliance requirements for LIHTC program

new combined chfa multifamily program compliance manual for lihtc and chfa multifamily loan programs

As of March 2021, the CHFA Multifamily Program Compliance Manual now includes updated guidance for developments with housing tax credits and/or multifamily loan financing through CHFA. Please use this version for questions regarding procedures, rules, and regulations.

With the March 2021 update, important changes or additions were made to the following sections. To view a full list of all new and revised sections, click here.

Type	Number	Title
Section	2.6	Vacant Units
Section	2.7	Property Damage
Section	2.8	Methamphetamine Contamination
Section	4.12	Violence Against Women Act (VAWA)
Section	5.22	Zero- or Extremely Low-income
Section	6.7	Verifying Assets
Section	6.9	Real Estate
Section	7.12	Changes in Unit AMI Designation
Section	7.13	Changes in Tenant Rent
Section	7.14	Certification Forms
Section	7.15	Capital Magnet Fund Certifications
Section	7.17	Electronic Certification Forms and Signatures
Chapter	9	Assisted Living Developments
Section	10.2	Review Notice and Format
Section	12.2	Reserve Withdrawal Requests
Chapter	17	Noncompliance
Chapter	18	Ownership and Management Changes

updated compliance forms for lihtc and chfa multifamily loan programs

To better serve our customers and comply with federal requirements, the compliance forms listed below have been recently revised, and their content may now be completed electronically by applicants and residents. If the documents are completed by management on behalf of the applicant/resident, a complete Authorization to Assist form must be attached to the certification.

CHFA updates compliance forms as needed, and owners are encouraged to visit Asset Management’s Compliance Forms page regularly for the most current forms.

As a reminder, owners are not required to use CHFA’s forms, provided that the owner’s forms contain all the same questions and content.

Most Recent Revision	Form Title
2021	Application (Move-in)
2021	Certification Questionnaire
2021	Certification Questionnaire – large font
2021	Child Support Affidavit
2020	Demographic Form
2020	EIV Third-Party Verification Summary
2020	Notice of Rent Adjustment
2021	Resident Statement of Assets
2020	Tenant Income Certification - With Formulas
2020	Tenant Income Certification - No Formulas
2021	Verification of Employment
2020	Verification of Student Status and Financial Aid
2021	Zero-/Extremely Low-Income Household Questionnaire

new vawa compliance requirements for lihtc program

As of January 2021, CHFA is implementing new required management practices and documents for LIHTC developments in Colorado to document compliance with the federal Violence Against Women Act (VAWA). Required forms now include the HUD-5380, -5381, -5382, -5383, and -91067.

For detailed information, see the CHFA Multifamily Program Compliance Manual, Section 4.12, Violence Against Women Act.

As always, please contact your Program Compliance Officer with any compliance-related questions for the LIHTC and CHFA Multifamily Loan Programs.

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