• Download the Compliance Monitoring Manual
• Approved Tax Credit Certifications
• Tax Credit Analyst Assignment List - if you have any questions.
• Click here to view the information due to HMFA no later than January 31, 2025
• Click here to view the Income Limits, Max Rents and Utility Allowance
• Click here to access previous Owner Certifications of Compliance
  
  
• NAHMA File issues click here.
  
  
• Download the 8823 Guide
• HOTMA Changes
  • HOTMA Bulletin - Policy/Implementation Guidance
    • HUD-Notice-h-2024-09-HOTMA-09202024
    • Rev Proc 94-65 Documentation of Income from Assets
• HUD Passbook Savings Rate - Effective January 1, 2025, the 0.45% passbook savings rate should be used for all certifications (ie. move-in, initial, annual, etc.)
• Audited Financial Statements - due annually by May 1st for all tax credit properties within their initial compliance period (first 15 years). Must include LIHTC#, name of project, detailed income and expense schedule and vacancy rate calculation.  Failure to submit your audited financial statement shall result in a notice of noncompliance, which may be reported to the IRS.

The compliance forms are updated regularly, please find the necessary form below. * Links with an asterisk are now required to be filled out electronically. 

Important Note - Only users with Adobe Acrobat Professional will be able to save documents that are filled out. If you are using Adobe Reader please print out the document before you close it or you will lose your work. If you have any questions please call Johanna Peña at 609-278-7629.

• New Property Checklist*
• Project Status Form*
• New Property Setup Form*
• Owner's Certification of Compliance for New Property*
• Acquisition/Rehab Acknowledgement*

• Annual Property Checklist*
• Owner's Certificate of Continuing Program Compliance*
• Owner's Certification of Continuing Program Compliance During The Extended Use Period*
• Year 15 Status Report Form*

• Tenant Income Certification- Effective January 1, 2025
• Tenant Income Certification - HOTMA
• Tenant Income Certification Addendum 
• Tenant Self-Certification Form - For 100% LIHTC Projects Only
• Asset Questionnaire
• Under $5,000 Asset Certification 
• Employment Verification 
• Child Support Certification
• Alimony, and Spousal Support Certification 
• Certification of Zero Income*
• LIHTC Student Status Self-Certifcation Form
• Student Status Verification*
• Affidavit of Student Financial Assistance

• Violence Against Women Act of 2013 (VAWA) Forms: HUD 5380, Notice of VAWA Rights, and HUD 5382

• Annual Checklist for Social Service and/or Special Needs Model*
• Annual Project Certification for Project with Social Service Models* 
• Annual Project Certification for Projects in the Supportive Housing Cycle or with Set-Aside Special Needs Unit 
• Special Needs Population Certification Form* 
• Frail Elderly Certification 
• Annual Projects Age Friendly Senior Cycle
• PPT_2024 NJHMFA Builidng Service Compliance Forms Training
• NJHMFA Building Compliance Form Updates Training.mp4

Revenue Procedure 94-57 clarifies that the gross rent an owner may charge will not fall below the rent limit that was in effect either at the time of initial allocation* (default) or at the owner’s election, the rent limit that is in effect at the placed in service date.

• *For 9% projects, the initial allocation is the date of carryover.
• *For 4% projects, the initial allocation is the date of the 42m determination.

If the owner wishes to elect the rent limits in effect at the placed in service date, a notification letter must be submitted to Natasha Solomon, Manager of Tax Credit Compliance, BEFORE any building is placed in service.

If notice is not received, or if it is received after the placed in service date, the gross rent floor will be the rent limits in effect at the time of initial allocation.* This is a one time, irrevocable election.