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Connecticut

CT

State News:

February 17, 2021

Hello Owners/Managers,

Please review the updated FAQs for LIHTC Compliance Monitoring. There is some very important guidance.

The IRS published Notice 2021-12 that included specific provisions that adjust LIHTC Compliance requirements for the period beginning 4/1/2020 to 9/30/2021.

*Owners are not required to perform annual recertifications for the period 4/1/2020 to 9/30/2021. They do not need to be made up retroactively.

Please review the attached for all details with guidance on CT compliance during COVID.

Thank you. Stay safe.

Click here to view updated COVID-19 CHFA / Spectrum LIHTC Monitoring FAQs

January 25, 2021

2020 END OF YEAR REPORTING DUE APRIL 1st 2020.

As we begin 2021, we will be collecting the annual submission of year-end documentation for 2020. This submission is required by the Internal Revenue Service, as noted in Section 42 (26 CFR Part I1.42-5 (c)) of the Internal Revenue Code, and by the Connecticut Housing Finance Agency (CHFA). We have made every effort to make this submission process as easy and efficient as possible with the addition of tutorials and frequently asked questions on our website.

If you scroll down you will see a grey bar with End of Year Reporting and Information. You may obtain all relevant documents and information here.

October 13, 2020

The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2021. The COLA will increase 1.3 percent beginning on December 31, 2020.www.ssa.gov

March 31, 2020

HUD has released the 2020 income limits. They are effective 4/01/20 and must be in use no later than 5/15/20.Be sure to check the MTSP limit chart to determine which income limits to use for your property.

Rents from CHFA are now posted. They can be found under "CT Income Limits and Area Definitions" below.

To find your 2020 income limits visit: https://www.huduser.gov/portal/datasets/mtsp.html