HCR's Asset Management / Low-Income Housing Credit Compliance Monitoring Program is designed to ensure that limited housing resources are used for the purpose which they were originally funded and benefit the population they were intended to serve.
The program requires annual certification by project owners and certification compliance review by HCR, collection and processing of compliance monitoring fees, on-site compliance monitoring of each project-every three years, resolution and reporting of all non-compliance issues, and technical assistance to project owners.
As of June 2022, the 9% affordable portfolio consists of 1,518 Projects with 75,152 units.
As of June 2022, the 4% affordable portfolio consists of 723 Projects with 82,502 units.