LIHTC Compliance in New Jersey
Independent LIHTC compliance file review, NJHMFA monitoring readiness, and Section 42 tenant certification audits for affordable housing owners and managers 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.
Focus areas: lihtc compliance new jersey, new jersey lihtc consultant, njhmfa compliance monitoring, section 42 file review new jersey, tenant file audit new jersey.
Frequently asked questions
Who monitors LIHTC compliance in New Jersey?
New Jersey Housing and Mortgage Finance Agency (NJHMFA) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in New Jersey. NJHMFA reviews commonly pair LIHTC monitoring with state subsidy conditions, which raises the documentation bar on initial certifications.
What does an independent LIHTC file review in New Jersey 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 NJHMFA monitoring expectations, then documents corrections before the agency review.
Can Altus help respond to a Form 8823 in New Jersey?
Yes. Altus prepares corrective action documentation and correction-period responses for 8823 findings issued after NJHMFA monitoring, and re-reviews the corrected files before resubmission.
Contact Altus Compliance or request a quote to scope an engagement. Email info@altuscompliance.com.