LIHTC Compliance in Illinois
Independent LIHTC compliance file review, IHDA monitoring readiness, and Section 42 tenant certification audits for affordable housing owners and managers in
Altus Compliance is an independent affordable housing compliance firm providing file reviews, audit preparation, lease-up support, ongoing monitoring, and compliance oversight for LIHTC, HUD, HOME, RD, Bond, PBV, and RAD properties nationwide.
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Frequently asked questions
Who monitors LIHTC compliance in Illinois?
Illinois Housing Development Authority (IHDA) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in Illinois. IHDA pays close attention to mixed-income properties and the Available Unit Rule. Chicago projects often carry additional CHA or city oversight.
What does an independent LIHTC file review in Illinois cover?
Altus reviews initial tenant income certifications, annual recertifications, income and asset verifications, student status, Utility Allowance support, rent limits, and unit set-asides against IHDA monitoring expectations, then documents corrections before the agency review.
Can Altus help respond to a Form 8823 in Illinois?
Yes. Altus prepares corrective action documentation and correction-period responses for 8823 findings issued after IHDA monitoring, and re-reviews the corrected files before resubmission.
Contact Altus Compliance or request a quote to scope an engagement. Email info@altuscompliance.com.