8609

8609

In order for Tax Credit Staff to complete Part I of the IRS Form 8609, the following items should be submitted to the Agency within 90 days after permanent loan closing. Failure to submit these items in a timely fashion will delay the processing of your IRS Form 8609.
  1. Sponsor Certification (26k PDF)
  2. Cost Certification Form (17k PDF)
  3. 15-Year Operating Proforma as approved by your first mortgage lender or syndicator if no first mortgage exists.
  4. Investor Certification (5k PDF) and all syndication documents (i.e. partnership agreement(s) including any amendments or addendums).
  5. Contractor Disclosure Certification (9k PDF)
  6. Certification of Completion of Affirmative Fair Housing Marketing (8k PDF)
  7. Developer Certification of MBE/WBE Utilization and CPA Opinion Letter (16k PDF)
  8. If applicable, Special Needs or Social Services Certification (15k PDF) and all social service contracts.
  9. Evidence that the project property manager has successfully completed an NJHMFA approved tax credit certification course.
  10. Balance of Allocation/Issuance Fee as more fully described in your tax credit reservation letter.
  11. Copy of mortgage notes for all permanent debt.
  12. Original copy of recorded Deed of Easement and Restrictive Covenant for Extended Low-Income Occupancy.
  13. If applicable, evidence (in the form of project brochures, pictures or an architect's certification) of the provision of up to 3 units amenities, 2 project amenities and 1 community policing and/or public safety enhancement.
  14. If applicable, Energy Star Homes Certificates for each building, evidencing the project's successful participation in the Environmental Protection Agency's ENERGY STAR Homes Program (or equivalent), along with any Energy Star rebate checks or documentation regarding the recipient of any rebates should they not belong to the project.
  15. If applicable, Green Point Completion Letter evidencing project's successful completion of one of four Green Point options - Green Future, Solar Photovoltaic, LEED, or Microload. Please contact Pamela DeLosSantos at 609-278-7627 or pdelossantos@njhmfa.state.nj.us for letter issuance.
  16. Evidence of the placed in service date for all buildings (e.g. certificates of occupancy).
  17. The low-income and total residential square footage and number of units per each building.
  18. If applicable, opinion from tax credit counsel that the development qualifies for acquisition credits under 26 U.S.C. 42(d)(2).
  19. Digital picture, in JPEG format, which showcases the front of the building, as well as a preconstruction picture (if available), either copied onto compact disc or emailed to AHamlin@njhmfa.state.nj.us  
  20. Executed User Agreement (26k PDF) for access to the Mitas/NJHMFA Low Income Housing Tax Credit Internet System.