LIHTC Compliance in Pennsylvania
Independent LIHTC compliance file review, PHFA 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 Pennsylvania?
Pennsylvania Housing Finance Agency (PHFA) is the allocating and monitoring agency for Low-Income Housing Tax Credit properties in Pennsylvania. PHFA combines LIHTC allocation with PennHOMES financing, and monitoring covers both. PHFA expects a detailed correction plan on every 8823.
What does an independent LIHTC file review in Pennsylvania 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 PHFA monitoring expectations, then documents corrections before the agency review.
Can Altus help respond to a Form 8823 in Pennsylvania?
Yes. Altus prepares corrective action documentation and correction-period responses for 8823 findings issued after PHFA monitoring, and re-reviews the corrected files before resubmission.
Contact Altus Compliance or request a quote to scope an engagement. Email info@altuscompliance.com.