LIHTC Compliance in Iowa
Independent LIHTC compliance file review, IFA monitoring readiness, and Section 42 tenant certification audits for affordable housing owners and managers in I
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 Iowa?
Iowa Finance Authority (IFA) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in Iowa. Iowa Finance Authority (IFA) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in Iowa. Monitoring covers tenant file review, annual owner certifications, physical inspection, and Form 8823 reporting to the IRS.
What does an independent LIHTC file review in Iowa 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 IFA monitoring expectations, then documents corrections before the agency review.
Can Altus help respond to a Form 8823 in Iowa?
Yes. Altus prepares corrective action documentation and correction-period responses for 8823 findings issued after IFA monitoring, and re-reviews the corrected files before resubmission.
Contact Altus Compliance or request a quote to scope an engagement. Email info@altuscompliance.com.