Low Income Housing Tax Credit (LIHTC) Compliance

CTM has successfully managed tax credit and affordable housing communities throughout Southern California. We have the knowledge and experience in preparing Low Income Tax Credit management and compliance monitoring programs with careful and consistent application of operational policies and procedures executed by highly trained site personnel.

Low Income Tax Credit management and compliance monitoring programsWe have experience serving a variety of properties, that has resulted in an efficient and detailed compliance program, providing services to conventional, tax-credit and federally assisted properties. Our specialized knowledge and technical infrastructure provides personnel with the oversight and training necessary to develop an in-house LIHTC property management program. CTM assists in gathering the proper information and documentation prior to move in, resulting in less frustration for the onsite staff and better communication with applicants. Constant communication takes place between the onsite staff and the management company to obtain and maintain qualified households.

As part of our service program, the Compliance Officer provides routine tax credit compliance audits for all tax credit properties. CTM’s Compliance Training Department reviews move-in certifications to ensure that the resident’s are qualified to lease at the properties. The Compliance Training Department reviews income documentation as well as the certification worksheets to determine that the resident family is qualified. Most reviews are done within 24 hours of receipt as to not delay move-ins. In addition, the Compliance Training Department reviews, on an as needed basis, annual re-certifications and also monitors that all annual re-certifications are completed on time.