The Arizona Department of Housing (ADOH) issued updated compliance guidance for rental properties with LIHTC, HOME, state and national Housing Trust Fund and Neighborhood Stabilization Programs funding sources. All on site unit and property inspections have been postponed until December 31, 2020. ADOH compliance will continue to conduct desk audits of resident and project files through the end of this year.
IRS Notice 2020-53 allows income recertifications to be delayed for the remainder of the year. However, it does not delay or exempt owners/agents from ensuring LIHTC households are still meeting student eligibility requirements. If an owner/agent chooses to utilize the income recertification delay allowed by the IRS, ADOH will require the following be in a resident’s file to ensure household meets student status requirements under the LIHTC Program:
- The ADOH Self Certification TIC with Part IV – Student Status completed.
- Or owner/agent’s company created Student Status form.
The waiver listed above only applies to recertifications for in-place residents. Owners/Agents are still required to income qualify households at move in to ensure eligibility under the LIHTC Program.
