The Rental Application: A Key Element of LIHTC Compliance

By Caitlin Jones
September 14, 2010 1 min read

Tax Credit Advisor — September 2010 — A solid tenant rental application is a key part of assuring that a low-income housing tax credit project fully complies with LIHTC program rules, so that the investors can receive the full amount of housing credits that they expect. So what goes into a good application? In recent interviews, compliance experts A. J. Johnson, President of A. J. Johnson Consulting Services, Inc., Williamsburg, Va., and Andrew Bowden, CEO of Spectrum Enterprises, Inc., Cape Elizabeth, Me., gave advice. First of all, says Johnson, “The application needs to be comprehensive.” To collect all of the detailed information needed to determine whether an applicant is eligible and suitable to occupy a tax credit apartment, a longer, customized application is vital. The one that Spectrum has developed, for use by its clients, runs around eight pages, including checklists. A generic renter application form purchased at an office supply store won’t do. Read More…

Leveraging NMTC and GGRF

A Synergistic Approach to Community Development

Jennifer Kirkley & Regan St. Pierre • September 13, 2024 6 min read

Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

What Can Be Done About Insurance?

NH&RA Panelists Explore Ways to Rein in High Insurance Costs for Affordable Housing

Pamela Martineau • September 1, 2024 6 min read

Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

Rainbow Housing: Transforming Resident Services from Within

Abram Mamet • September 1, 2024 9 min read

For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.