Program coverage
Every program layered on your properties, reviewed together.
Most affordable properties carry more than one set of rules, and the rules do not always agree. Altus reviews files and processes against every applicable program at once rather than one program at a time.
Federal Programs
The core allocations and subsidy contracts that govern most affordable properties.
LIHTC / Section 42
Income and rent limits, applicable fraction, student rules, and 8823 exposure.
Program detailsHUD Multifamily
HUD Handbook 4350.3, EIV, MOR readiness, and TRACS transmission.
Program detailsHOME
HOME income determinations, rent limits, and participating jurisdiction requirements.
Program detailsUSDA Rural Development
Section 515 and 521 requirements, MINC reporting, and RD tenant certification.
Program detailsTax-Exempt Bond
Bond-financed set-asides, 50 percent test, and issuer monitoring obligations.
Program detailsSection 202
Supportive housing for the elderly, including PRAC and Section 8 conversions.
Program detailsSection 811
Supportive housing for persons with disabilities and integrated housing requirements.
Program details
Vouchers, Conversions, and Local Programs
Rental assistance and locally administered layers that sit on top of the allocation.
Project-Based Vouchers (PBV)
HAP contract administration, waiting list, and PBV certification requirements.
Program detailsHousing Choice Vouchers (HCV)
Tenant-based assistance interacting with LIHTC and other property-level rules.
Program detailsRAD
Conversion requirements, resident rights, and post-conversion compliance obligations.
Program detailsPublic Housing
ACC requirements, flat and income-based rents, and quality control review.
Program detailsState Programs
State agency QAP requirements, state credits, and trust fund conditions.
Program detailsMFTE (Washington)
Multifamily tax exemption certification and City of Seattle reporting.
Program detailsBMR / Inclusionary (California)
Below market rate and inclusionary requirements administered at the local level.
Program details
Not sure which requirements govern your property?
Send the funding sources and Altus will confirm the applicable rules and the review scope they call for.