Asset Management & Compliance

New Hampshire Housing monitors multi-family developments for various housing programs. In order to create awareness and understanding around these programs, we have provided guidance and links to help owners and managers comply with program regulations and restrictions.

Low Income Housing Tax Credits (LIHTC)

As the allocating agency of the Low Income Housing Tax Credit Program, New Hampshire Housing is required to monitor qualified low income housing projects for noncompliance with the provisions of the Internal Revenue Code (IRC) § 42. We rely on guidance published by the Department of Treasury, the Internal Revenue Service (IRS), and New Hampshire Housing's Qualified Allocation Plan (QAP).

It is expected that agents and owners managing LIHTC properties have had the proper LIHTC program training and understand what is expected.

If there are any questions regarding this information or any other LIHTC compliance issues, please email Melanie Toscano at multifaminfo@nhhfa.org.

Compliance Monitoring Requirements
Household Certification Requirements
Full Time Resident Managers Unit
Monitoring Fees
Post Year 15 Compliance

Qualified Contract Process Guide

Training Requirements
Utility Allowance Policy
Utility Allowance Certification
Utility Allowance Grid
HUD Utility Allowances, HUD Income Limits and HUD Rent Limits

Forms

Due prior to first review (one-time submission)

Annual – Due February 1

Annual – Due March 1

To be used with annual certifications

Others

Nationally recognized trainers of the LIHTC Program

Helpful websites

Fair Housing Act and Related Standards

Section 8

Below are links to forms, publications, and other information needed for Section 8 program compliance. Titles within each category are listed alphabetically.

Handbook
4350.1 - Multifamily Asset Management and Project Servicing
4350.2 - Section 8 Loan Management Set-Aside Program for Projects
4350.3 - Occupancy Requirements of Subsidized Multifamily Housing Programs

Instructions, Forms and Guides
Calculation instructions for Operating Cost Adjustment Factors (OCAFs)
Checklist for On-Site Limited Monitoring and Section 504 Reviews, Addendum B, Package Version 6.0
HUD Handbooks, Forms and Publications
HUD Form – 9834 - Management Reviews of Multifamily Projects
HUD Model Lease for Subsidized Programs
Rent Schedule Instructions
Section 8 Contract Information
Special Claims Processing Guide

System Links and User Information
Enterprise Income Verification (EIV) System for Multifamily Housing Program Users
HUD's Client Information and Policy System (HUDCLIPS)
Real Estate Assessment Center (REAC) Online Systems
Tenant Rental Assistance Certification System (TRACS)
User Guides for HUD's Secure Systems

Other Notices and Resources
Multifamily Housing's Participation in the Rental Housing Integrity Improvement Project (RHIIP) Initiative
 

Multi-family Housing

Our purpose is to inform managers of multi-family properties what is expected by our agency. We have included these HOME, financial, and replacement reserve policies and forms to assist you in our processes.

HOME
Compliance in HOME Rental Projects: A Guide for Property Owners (2009)
HOME Annual Recertification Resident Statement and Certification
HOME Compliance Monitoring Report
HOME Form Addendum to Lease
HOME Investment Partnerships Program - Final Rule
HOME Lease Minimum Requirements
Occupancy Report
Technical Guide for Determining Income and Allowances for the HOME Program (Third Edition - Jan. 2005)

Financial Information
Audited Financial Statement instructions
Investor Servicing Fees Policy
Property Loss Procedures
Budget form
Mortgagor Certification for Audits
Intent to Make Distribution

Replacement Reserve
Attachment A - Eligible Items
Attachment B - Request Form
Attachment C - Waiver of Three Bid Requirement
Replacement Reserve Procedures

Forms
Certification of Compliance
Certification of Compliance with Insurance Requirements
New Hampshire Housing Management Agreement
Tax Exempt Bond Program - Certificate of Continuing Program Compliance (Section 26)
Tax Exempt Bond Program - Certificate of Continuing Program Compliance (Section 3)
Tenant Certification | Download/Print Tenant Certification Instructions

Lease Requirements
Resident Selection Outline
Management Plan Criteria

NHHFA Management Entity Questionnaire