Tax Credit and HOME Compliance - HPD

Housing Preservation & Development


Property Management

Tax Credit and HOME Compliance


Tax Credit and HOME Compliance

HPD funds certain affordable housing with HOME dollars and/or Low-Income Housing Tax Credits (LIHTC). Owners of affordable housing with this type of funding must comply with applicable federal Regulations, and HPD is legally required to monitor compliance to ensure continued affordability and habitability. Compliance monitoring is basically comprised of three processes:

Review of Annual Owner Certifications submitted by March 1st, to ensure income-qualified tenants are paying rents which are below the mandated limits.

Review of project owner tenant files for documents required to support information provided in Annual Owner Certifications.

Physical inspection of properties to ensure they meet mandated standards.

Income and Rent Limits

2025 HOME and LIHTC - Income and Rent Limits for NYC

2024 HOME and LIHTC - Income and Rent Limits for NYC

2024 LIHTC Income - Averaging Project - Income and Rent Limits for NYC

Annual Owner Certifications

HPD Annual Owner Certification Form Part A (CY 2023)

HPD Annual Owner Certification Form Part B (CY 2024)

HPD eRent Roll

HPD eRent Roll Template - Including Instructions (CY 2021) (MS Excel)

HPD Paper Rent Roll Format (CY 2024) (MS Excel) not for use with eRent Roll

HPD Paper Rent Roll Instructions (CY 2021)

HPD LIHTC Compliance Monitoring Fee Form (CY 2023)

HPD LIHTC & HOME Contact Form (CY 2024)

Tenant Income Certification and Supporting Forms

Tenant Income Certification Form

Tenant Income Certification Form Instructions

Income/asset verifications and other forms:

401K Verification

Alimony and Child Support Verification

Application for Rental Housing

Bank Account Verification

Employment Verification

Investment or Pension or Annuity Verification

IRA, Keogh, SEP, INDK Verification

Section 8 Verification

Stocks and Bonds Verification

Student Status and Financial Aid Verification

Under $5,000 in Assets Verification

Unemployment Compensation Verification

Zero Income Certification

Physical Inspection Failures

Certification of Repairs:

Form and Instructions (MS Word)

HPD Guidance

HOME Program Owners Guide

HPD LIHTC Compliance Manual

Guide: Common Noncompliance Issues

Federal Government Guidance

HUD Handbook: Income Inclusions and Exclusions

Compliance in HOME Rental Projects: A Guide for Property Owners

HOME and Low Income Housing Tax Credit Guidebook

HUD's Income Eligibility Calculator

Advisory for HOME and LIHTC Property Owners Regarding the Violence Against Women Act

Highlights of Changes in the 2013 HOME Final Rule (changes in compliance monitoring for HOME projects funded after August 23, 2013)

IRS Guide for Completing Form 8823, LIHTC Noncompliance or Building Disposition

IRS Guidance: Electronic Signature Program