final modification to 2021 annual recertifications for lihtc and chfa loans

Annual Recertifications effective 01.01.2021 and later are required to be completed. Recertifications may be modified and conducted electronically or verbally in accordance with CHFA’s guidance. This includes the following final modification applicable to certifications with effective dates 01.01.2021 through 12.31.2021:

For the LIHTC and CHFA Loan programs, while annual recertifications effective January through December 2021 are required, they may be conducted with self-certifications in lieu of third-party verification of income and assets. This modification applies to both 100 percent restricted developments and mixed-income developments. For more information on this modification, see CHFA’s online Inspection and Monitoring Policy in Response to COVID-19.

Please contact your Program Compliance Officer with any compliance-related questions.

nextgen to replace wcms in september

On September 25, 2021, users of the Web Compliance Management System (WCMS) will be required to switch over to a new version of the software called NextGen to submit their monthly tenant certification data to CHFA. Owners and management agents currently use WCMS to submit this data to meet certain regulatory and compliance requirements for the Low Income Housing Tax Credit (LIHTC) and CHFA loan programs. Once the switch is made, all the data that resides in WCMS will be available in NextGen, but users will notice the new look and functionality. For more information and training materials, please refer to the original eNews regarding NextGen.

Please contact Peggy Boyd at pboyd@chfainfo.com with any questions regarding WCMS and NextGen.

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