The Relaxed Covid-19 LIHTC Compliance Guidelines

2020
Vincent Guglietta, Assistant Vice President of Compliance, New York City Housing Development Corporation
Peter Donohue, Director of Tax Credit and HOME Compliance Office of Asset & Property Management, NYC Department of Housing Preservation & Development
Pamela Butler, Assistant Vice President of Compliance, New York State Homes & Community Renewal
Margaret A. Feml, Assistant Director of the Office of Integrated Housing Management, New York State Homes & Community Renewal
Enterprise Community Partners, Inc. (2780)
Covid-19 LIHTC Compliance Guidelines
Summary
Webinar on the relaxed Covid-19 LIHTC compliance updates.
Description

Covid-19 significantly altered the way property owners in the affordable housing industry operate and manage buildings. In response to these rising operating concerns, New York State and City housing agencies have issued a series of updated Covid-19 compliance protocols. Listen to Enterprise's webinar with the  NYS Homes & Community Renewal (HCR), NYC Department of Housing Preservation & Development (HPD), and NYC Housing Development Corporation (HDC) to learn about the new LIHTC compliance guidelines issued post the pandemic.

This session covered:

  • Marketing guidelines, including income calculations and lease requirements
  • Electronic signatures for initial and ongoing annual certification
  • Guidance on calculating and projecting earned and unearned income
  • Submission of Applicant file documentation, including but not limited to tenant income certifications (TICs), Hero/Hazard Pay, and more
     
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