Asset Management

Asset Management
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Overview

COVID 19 - ASSET MANAGEMENT GUIDANCE

 

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 January 2021, the 9% affordable portfolio consists of 1,225 projects with 5,023 buildings and 66,077 units.

As of January 2021, the 4% affordable portfolio has 686 properties comprised of 3,060 buildings and 121,246 units.

 

COVID 19 IRS Regulation 2020-53 Guidance

The IRS issued Notice 2020-53 in regards to annual recertifications and State Compliance Monitoring requirements through 12/31/2020.  Below is NYSHCR’s guidance in regards to this new regulation.  

 

irs notice 2020-53

 

COVID 19 IRS Regulation 2021-12 COVID-19 Relief Measures

The IRS issued Notice 2021-12 in regards to annual recertifications and State Compliance Monitoring requirements through 9/30/2021.  Below is NYSHCR’s guidance in regards to this new regulation.  

 

IRS Notice 2021-12

NCSHA Notification

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

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 VAWA Page

 

HCR Fair Housing Guidance and Materials

To obtain the guidance and materials you require, please visit Fair Housing below:

Fair Housing

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

SRDI Program Monitoring

Notices/Bulletins

Asset Management Unit Transactions