LIHTC Compliance in New York
Independent LIHTC compliance file review, HCR monitoring readiness, and Section 42 tenant certification audits for affordable housing owners and managers in N
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 york, new york lihtc consultant, hcr compliance monitoring, section 42 file review new york, tenant file audit new york.
Frequently asked questions
Who monitors LIHTC compliance in New York?
New York State Homes and Community Renewal (HCR) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in New York. New York layers state programs on most deals, and NYC HPD and HCR may both monitor the same property. Overlapping jurisdiction creates documentation duplication.
What does an independent LIHTC file review in New York 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 HCR monitoring expectations, then documents corrections before the agency review.
Can Altus help respond to a Form 8823 in New York?
Yes. Altus prepares corrective action documentation and correction-period responses for 8823 findings issued after HCR monitoring, and re-reviews the corrected files before resubmission.
Contact Altus Compliance or request a quote to scope an engagement. Email info@altuscompliance.com.