April 26, 2017
Updated Self-Certification TIC forms (fillable) have been posted. Please see the Forms drop-down below. This form may be used for 100% LIHTC and HMMF properties starting with the 2nd annual certification if there’s no other HHFDC funding. They may not be used if the property has RHRF or RAP funding in addition to LIHTC/HMMF. It’s possible the form can be used if the property has HOME funding in addition to LIHTC/HMMF with permission of the County with the exception of every sixth year when full certifications are required. Should approval be sought and obtained that approval must be in the file.
HHFDC LIHTC/HMMF Self Certification Form (PDF) (XLS)
April 25, 2017
The Section 8 Verification Form has been updated to include other HHFDC programs in addition to LIHTC. Please note you may only use this form for HOME if you have approval from the County HOME office, which must be in the file (and provided to the HHFDC and Spectrum when obtained). Please be reminded that it may not be used every sixth year when HOME regulations require full certifications with verifications. This also needs follow-up with the County to ascertain if they interpret this as every sixth year of the property’s compliance period or every sixth year of a tenant’s occupancy.
Section 8 Income Verification (PDF)
April 14, 2017
2017 Income Limits have been published! They are effective 4/14/17 and must be in use no later than 5/28/17. For Honolulu and Hawaii counties limits have recovered and all properties are to begin using 2017 limits. For Maui and Kauai counties watch for a possible correction from HUD regarding properties placed in service on or before 12/31/08. The MTSP web site is telling owners to use the 2017 limits for those properties but those limits remain lower than other year limits. Be sure to check the MTSP limit chart to determine which income limits your property is to use if it’s in either Maui or Kauai County.
See this link: https://www.huduser.gov/portal/datasets/mtsp.html
January 24, 2017
Spaces are filling fast for this year’s session of “Introduction to Hawaii Housing Finance Corporation’s Affordable Housing Programs”. It is being held on Monday, February 6, 2017 at the Pacific Beach Hotel, starting at 9:00 a.m. If you’d like one of the few remaining seats RSVP to Lois at lois.churchill1@gmail.com
January 18, 2017
A revised LIHTC/HMMF Tenant Income Certification and a revised Self Certification have been posted in the Required / Recommended Forms section below. Please begin using these forms immediately.
January 6, 2017
The HHFDC has published their 2016-2017 QAP. You will find it under LIHTC Qualified Allocation Plans (QAP) below.
May 16, 2016
On Friday, May 13, 2016 HUD published the 2016 HOME and NSP income and rent limits. They are effective on June 6, 2016 and must be put in place by that date. There is no grace period for instituting HOME limits.
Please remember that there is no “hold harmless” for HOME limits. If the limits in your County have decreased you must lower your limits for HOME units accordingly for move-ins and lease renewals as of 6/6/16.
August 28, 2017
Time is running out to sign up for B.I.T. training! If you have more than one federal program involved with your property/portfolio this is the training for you. Steve will review how each of the programs view income/rent/students, etc. The class is also a good Fair Housing review! Training will be at the Hyatt Regency Waikiki Beach Resort and Spa on September 19 & 20. Sign up now! Don’t miss your chance to get B.I.T.!
December 6, 2016
The End of Year Owner Letters have been sent out for LIHTC, HMMF and RHRF programs. If you have not received yours yet please see the drop down tabs below
October 7, 2016
Please see the tabs below for updated Owner Certification Forms for HMMF for 2016.
June 20, 2016
Approved HOME and NSP status reports, as well as instructions, have now been posted. Please download, complete, have owners sign, and submit no later than 7/15/16 with the rent approval. Original may be sent to the County HOME coordinator with an electronic copy to Spectrum. Please do not submit hard copies to us.
May 27, 2016
The annual HOME end of year submission is due by 7/15/16. A draft HOME/NSP status report with a complete set of instructions has been developed and is available below. Please hold of on submitting until the draft report has been finalized.
Please submit the current version. You will find the status reports (one for each HOME and NSP) as well as instructions under the HOME/NSP End of Year Reporting tab below.
April 12, 2016
On March 3, 2016 the IRS posted final regulations regarding utility allowance submetering in the Federal Register. Please remove Section 2.6 from your LIHTC Compliance Manual and replace with pages found here. The Federal Register with the final regulations may be found here.
March 29, 2016
HUD published 2016 income limits on 3/28/16 with a 3/28/16 effective date. For LIHTC, HMMF, RHRF, DURF there is a 45 day grace period to institute the new limits. However, for many properties there will actually be no income limit changes as 2016 limits remain lower than the ‘hold harmless’ year already in use.
Please check your placed in service year to determine if the 2016 limits are higher than limits you are currently using. Newer properties are obviously not able to use 2011, 2012, or possibly even 2014 limits so would not be “held harmless” at those levels.
For Section 8 there is no hold harmless and also no 45 day grace period. New limits must be put into place immediately for Section 8.
See this link: https://www.huduser.gov/portal/datasets/mtsp.html
December 30, 2015
We are holding our annual training hosted by Spectrum Enterprises and taught by Lois Churchill on February 8th, 2016.Click here to view the flier.
June 26, 2015
Please be reminded that HOME/NSP Rental Housing Compliance Status Reports are due by July 15, 2015. Beginning this year please submit to both the appropriate County housing office and electronically to Spectrum. The form is available at the HOME/NSP end of year reporting link below.
May 11, 2015
The new 2015 HOME limits have been published. Please click this blog link for more information.
March 6, 2015
The 2015 LIHTC Income Limits have been released. See this link to the HUD website.
June 9, 2015
Please see this notice regarding the Spectrum and HHFDC partnership.
April 24, 2015
Effective with 2nd quarter reporting, all properties with HMMF funding are to submit their unit updates not via the Excel spreadsheet used by some but via the Spectrum Software used for LIHTC reporting. Properties submitting a spreadsheet will be asked to update and submit the software database.
Bond units may be identified by checking the bond box in Part VIII of the TIC – something that should already be being done. If a unit is not a bond unit then the box won’t be checked.
This will actually make things easier as your database already will be updated and ready for LIHTC submission each year!
April 8, 2015
HHFDC has published 2015 income and rent limits. You will find them in the income limits link below.
Before using the new 2015 limits be sure to check the MTSP limits to determine if your property is “held harmless” at an earlier year. For example, Honolulu County properties, with the exception of properties placed in service after 12/11/12 are held harmless at 2012 levels. Properties placed in service between 12/11/12 and 12/17/13 are held harmless at 2013 levels. Properties placed in service between 12/18/13 and 3/5/15 are held harmless at 2014 levels. Only those properties placed in service from 3/6/15 forward will use the 2015 income limits in Honolulu County.
If your property has HOME funds, the correct income limits until you hear further are the 2014 income limits. HOME does not hold income limits harmless when they decrease!
March 6, 2015
The new 2015 income limits are now available. See this link to the HUD website.
February 1, 2015
There is a new TIC available for download now. This must be used effective immediately. Please see the Required LIHTC Forms tab below.
January 5, 2015
Happy New Year! End of year has been updated for all programs and the Owner Letter has been posted. Let us know if you have questions.
December 21, 2014
Steve Rosenblatt will be in Hawaii April 21-23, 2015 for Fair Housing and his C3P Low Income Housing Tax Credit course. This link will bring you to the Spectrum Seminars website for more details.
September 8, 2014
End of year forms for LIHTC and RHTF have been revised. Be sure to use the new versions (2014-09) when reporting next year! In addition, a new form has been added to document compliance with HR 467. If you manage multiple programs in one property you only need to complete one HR 467 form but you do need to submit one for each of your properties if you manage more than one. 2014 end of year reports are due by 2/1/15.
July 8, 2014
A reminder that the HOME/NSP Rental Compliance Report for the period from 7/1/13 – 6/30/14 is to be completed and submitted to the County HOME office by 7/15/14.
June 24, 2014
Under the LIHTC Compliance Manual tab you will find a revision to section 2.6 of the tax credit compliance manual. This is the utility allowance section of the manual. Please download and add to your manual.
Please monitor the web site over the summer months for possible additional revisions!
January 23, 2014
The HHFDC has provided 2014 income limits. Please remember that these limits are a guide only. Your limits may differ depending on the program financed with the HHFDC. You will find the new limits under the Income Limits drop down menu to the left.
January 17, 2014
Revised owner certs are posted and to be used. Note that if you have already completed the annual report with the version posted in November there is no need to revise.
December 19, 2013
The new 2014 income limits have been released. Please see this blog post written by Erik Whitton for more information and links.
December 6, 2013
The Verification Procedures for HHFDC Affordable Housing Programs class is coming in February, 2014! See this flier for more information about location and date: HHFDC FLIER PDF
November 14, 2013
New versions of the LIHTC – RHTF – HMMF Annual Report and Certification of Continuing Compliance forms are posted and must be used when submitting end of year 2012 data. These forms and any related fees are due to the HHFDC (with a copy sent to Spectrum) no later than 2/1/14. The Status Report Database however will be due on March 1, 2014 next year due to updates that have yet to be finalized. Please do not submit or even complete databases until the updates come out to ensure that all newly required HUD data is transmitted.
October 30, 2013
The Social Security Administration has just released the new 2014 COLA adjustments. It has been adjusted to 1.5%. Please see this link for details.
September 27, 2013
Stay tuned! Lois Churchill will be in Hawaii on February 2 & 3, 2014 for her annual training. Location TBD.
July 12, 2013
Reminder: HOME Reports due 7/15/13. Send reports to the appropriate county contact and NOT to Spectrum.
May 13, 2013
The HOME rent limits have been published. See the HUD memorandum here. See the rent limits here.
May 1, 2013
Don’t forget to download the newest version of the software to avoid receiving an error message when you attempt to submit your database. See the EOY drop down menu at the left for the updated version.
April 18, 2013
Thew new 2013-2014 QAP is now available for download. Click the drop down menu at the left to view the PDF.
March 20, 2013
Home Income Limits are available here. They are effective 3/15/2013.
IMPORTANT NOTICE
All compliance monitoring fee checks are to be made out to and sent to the HHFDC, not to Spectrum!
January 18, 2013
Please see the Memos and Notices menu for a transmittal from the HHFDC regarding 2013 income limits. They must be in use today, 1/18/13. Also, in the Income Limits drop-down menu at the left you will find the HHFDC income/rent limit chart for your reference. Remember, it is up to owners/managers to double check the accuracy of these limits before relying on them.
December 27, 2012
All owners and agents need to submit separate checks for monitoring fees when participating in multiple programs (LIHTC, HMMF and/or RHTF). Owners and agents need to indicate which project and program the fees are for on the checks.
December 12, 2012
2013 LIHTC Income Limits have been revised. Follow this link for more information and clarification.
The effective date of this income limit data is 12/4/2012. All properties must utilize the new amounts within 45 days. January 18, 2013 would be the deadline
December 5, 2012
End of year submission letters were emailed to owners/managers of LIHTC, RHTF, and/or HMMF financed properties today. Submission deadline is 2/1/13. You can find those letters under the End of Year drop down menus to the left.
November 28, 2012
Please start using the new LIHTC Employment Verification form available under the Required and Recommended drop down menu at the left.
November 2, 2012
The End of Year Owners report has been updated for the LIHTC/HMMF and RHTF programs. Please see the new forms in the drop down menus to the left.
October 30, 2012
Several forms have been updated or added to the Recommended and Required forms drop down at the left. The revised LIHTC/HMMF TIC and self-certification form are available in Word and in Excel. These forms should be used starting immediately. The HMMF quarterly report is also now posted.
June 15, 2012
The HOME/NSP Rental Compliance Report is due July 15. Find the form and further details under the HOME End of Year forms drop down menu at the left. The report is to show activity from July 1, 2011 to June 30, 2012.
January 20, 2012
2012 HOME Rent and Income Limits Published December 7, 2011 The new 2012 income limits have been posted. Please use this link.
November 3, 2011
We have received clarification for HUD’s Hawaii office that for HOME properties annual certification with verification of income using source documents must be done at move-in and every sixth year of an individual tenant household’s tenancy. If you do not currently verify income/assets of HOME tenants each year (allowed only if there are no other affordable programs attached to the property) make sure you are doing so at move-in, in year six, twelve, etc.
March 18, 2011
The HHFDC has published their QAP for 2011-2012. Download from our LIHTC Qualified Allocation Plan (QAP) link here or under the drop down menu.
The Section 8 Income verification form has been revised and now may be used in most housing programs at annual certification. (4/10)
- Memo determining and Verifying Income Eligibility (PDF)
- Section 8 Income Verification Form (PDF)
