Overview
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.
9% affordability portfolio consists of 1,209 projects with 4,867 buildings and 64,302 units.
4% affordability portfolio has 614 projects composed of 2,158 buildings and 114,982 units.
LIHTC Projects for Sale Under Qualified Contract
For 9% Tax Credit Allocation Developments:
Maralyne Fleischman, Asset Management Unit
Phone (518) 474-9583; Fax (518) 486-3366
NYS Homes & Community Renewal
The Hampton Plaza
38-40 State Street, Albany, NY 12207
9% Developments for Sale through Qualified Contract:
None at this time
For 4% Tax Credit Allocation Developments:
Kathryn Marnell, Vice President
OHP/ Statewide Asset Management
Phone: (212) 872-0483 Fax: (212) 917-0483
NYS Homes & Community Renewal
641 Lexington Avenue – 4th Floor
New York, New York 10022
4% Developments for Sale through Qualified Contract:
St. Mary’s Commons
400 Mill St
Amherst, NY 14221
Qualified Allocation Plan
Part 2040 Low-Income Housing Credit Qualified Allocation Plan
• LIHC Qualified Allocation Plan (effective 11/20/2013)
• Previous LIHC Qualified Allocation Plan
Section 2040.14 New York State Low-Income Housing Tax Credit Program
• SLIHC Regulations (effective 11/20/2013)
• Previous SLIHC Regulations
If you have any questions about these documents or their applicability to a specific project, please feel free to contact your DHCR Regional Office or Arnon Adler, Director, Low-Income Housing Credit Program at (518) 486-5044.
Qualified Contracts
Violence Against Women Act (VAWA) Bulletins and Forms
For forms and guidance regarding the Violence Against Women Act (VAWA) visit:
HCR Fair Housing Guidance and Materials
To obtain the guidance and materials you require, please visit Fair Housing below:
Forms
Forms and documents.
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Lease HOME
Lease for project units with HOME funds - this is a residential lease between the owner and tenant.
Download
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DHCR 305IN LIHC Instructions M 305IN LIHC Instructions
INSTRUCTIONS: OWNER CERTIFICATION FOR LOW INCOME HOUSING TAX CREDITS
Download
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Owners Approval Certification 100% LIHTC Properties
In accordance with the Housing Assistance Tax Act of 2008 new procedures have been developed for the Agency to grant re-certification waivers. The three (3) step procedure has been outlined below. All questions should be directed to the Asset Manager assigned to the project.
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Recertification Waiver Resident Self Certification
The Owner/managing agent submits a Self Certification to the attention of the project’s Asset Manager.
Download
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Recertification Waiver Form Agency Approval
The Owner/managing agent submits a completed NYSHFA Agency Certification to the attention of the project’s Asset Manager.
Download
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Sample Lease Rider Low Income Unit Tenancy
RIDER TO LEASE: Low Income Unit Tenancy/Deep Rent Skewed Unit Tenancy in a Project Financed by New York State Housing Finance Agency Using Tax Exempt Bond Proceeds and Benefitting from Low-Income Housing Tax Credits
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HFA Management Agreement Guidelines
Guidelines that state conditions which would require the Managing Agent to consult the Owner prior to taking action (i.e., maximum amount Agent can spend) and when management may act without consulting the Owner.
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