January 7, 2019
Greetings!
New Hampshire Housing would like to remind all Owners/Agents of the following annual reporting requirements. Some important things to keep in mind:
- All required reports and certifications can be found on the Asset Management & Compliance page of the New Hampshire Housing website.
- With the exception of the HOME Compliance Monitoring Report, all completed forms should be emailed to the Asset Management group at assetmanagement@nhhfa.org.
- The HOME Compliance Monitoring Report should be faxed to the Asset Management group at (603) 488-0978. (Note: If Owners/Agents have the ability to encrypt email, then the HOME report can be sent via encrypted email to the address above.)
- All documents should be named in a way that indicates the contents of the document (i.e., property name, certification name).
Please keep in mind that failure to submit all required reports and certifications within the required time frames may have a negative impact on future scoring for the Low Income Housing Tax Credit program and future funding for other programs. Please contact your Asset Manager with any questions.
Low Income Housing Tax Credits
In December 2010, New Hampshire Housing began requiring tenant data to be submitted electronically through our Web Compliance System.
All
Owners/Agents must have all required tenant data for the previous calendar year entered into the New Hampshire Housing LIHTC system no later than February 1
st
of each year.
Please click
here
to access the New Hampshire Web Compliance site. If you need assistance in accessing your account, please contact Laurel Treamer by phone at (603) 310-9293 or by email at
ltreamer@nhhfa.org
.
For projects still within the 15-year compliance period, in addition to the tenant data submission, the Owner/Agent must submit the following certifications no later than March 1
st
of each year:
For projects that have completed the 15-year compliance period, in addition to the tenant data submission, the Owner/Agent must submit the following certifications no later than March 1
st
of each year:
HOME
All properties financed with HOME funds must submit the following no later than
February 1
st
of each year:
And the following certification within 30 days following the close of the property's fiscal year:
Tax Exempt Bonds
All properties financed with Tax Exempt Bonds must submit the following certifications within
30 days following the close of the property's fiscal year
:
All Other New Hampshire Housing Financing Programs
All properties with New Hampshire Housing financing must submit the following within
30 days following the close of the property's fiscal year
:
Annual Audited Financial Statement
We would also like to remind all Owners/Agents of properties funded by New Hampshire Housing that, according to the Regulatory Agreement, a copy of the audited financial statement for the property must be provided to our office
within 60 days of the close of each fiscal year
. Audit instructions and requirements can be found
here
under Financial Information. For properties with a calendar year fiscal year this means that the audit is due no later than March 1
st
.
For any questions regarding these reporting requirements, please contact your Asset Manager.
Sincerely,
Asset Management Staff
