Spectrum Enterprises is pleased to have been selected to partner with the California Tax Credit Allocation Committee (CTCAC) to collect HUD tenant data electronically for all tax credit projects in California. Spectrum Enterprises has been performing LIHTC compliance services for over 25 years and provides compliance monitoring services as the authorized delegate for a number of state housing agencies.

Over fifteen years ago Spectrum developed a software application that is currently being used in over 1,400 tax credit properties to collect tenant income and demographic data used in its state compliance monitoring activities. This software was updated in 2009 to accommodate HUD’s requirement to collect tenant demographic data as mandated in the Housing and Economic Recovery Act of 2008 (HERA). It is this software that will be used to collect tenant demographic data in California.

Additionally, Spectrum has worked very closely with HUD and the National Affordable Housing Management Association (NAHMA) to develop and subsequently update the State Housing Finance Agency (HFA) Low Income Housing Tax Credit (LIHTC) Data Transfer Standard that provides the ability to transfer data via XML from existing project management software systems into the Spectrum data collection software thus eliminating the need for hand entry of tenant information.