Home | Site Map | Search | Contact

Asset
Management & Compliance
Compliance Workshops
Event Calendars
FAQ: Bond
FAQ: Tax Credit
Forms & Reports
Income/Rent Limits
Inspections
Manual: Bond
Manual: Tax Credit
Resources
Staff
WBARS
Be the first to know:
E-News monthly newsletter
Designed
to give property owners and managers step-by step instructions on how to fulfill
compliance requirements if Commission-issued tax-exempt bonds financed a
property.
For more information or questions, property managers and owners should contact
their Portfolio Analyst. Subscribe to
E-NEWS Email and you will be notified when there are changes to this manual.
Bond property reporting requirements can be obtained by reviewing the Regulatory
Agreement and Project Description or by contacting the property
Portfolio Analyst. See
Bond Compliance Reports page for report
descriptions and instructions.
1 | 2 | 3 | 4 | 5 | A | B | C | D | E | F | G |
Chapter 1
Introduction (PDF) Rev 05/2009
(1.1) General Overview
Chapter 2
General Property
Information (PDF) Rev 05/2009
(2.1) Bonds vs. Tax Credits
(2.1) Bonds are Income Restricted Only
(2.1) Bond Closings and the Minimum Set-Aside
(2.2) Federal Minimum Low-Income Set-Aside
(2.3) Consequences of Non-Compliance
(2.3) Property & Resident Manager Guidelines
(2.3) Income Set-Asides and Your Residents
(2.4) Discrimination Prohibited
(2.5) Full-Time Students
(2.5) Student Status Documentation
(2.6) Special-Needs Housing Commitments/Set-Asides
(2.7) Persons with Disabilities Commitments
(2.7) Large Household Commitments
(2.8) Housing for the Elderly Commitments
(2.8) Double Counting
(2.9) Marketing and Good Faith Efforts
(2.10) Minimum Rental Agreement and Physical Requirements of Set-Aside Units
(2.10) Vacant Units
(2.10) Allowable Fees
(2.11) Rents
Chapter 3:
Rental
Process & Reporting Procedures (PDF)
Rev 05/2009
(3.1) Rental Process
(3.1) Proportionate Lease-Up Requirement - New Construction Properties
(3.1) Counting Vacant Units to Meet Set-Aside Requirements
(3.1) Move-Ins
(3.2) Move-Outs
(3.2) Record Keeping and Retention Period
(3.2) Record Retention
(3.2) Reporting Dates
(3.3) Income Recertification
(3.3) If a Resident Moves Within a Project
(3.3) Available Unit Rule (140%)
(3.4) Required Forms and Documentation
(3.4) Authorized Signatories
(3.4) Submitting Reports
Chapter 4
Income & Asset
Certification (PDF) Rev 05/2009
Calculating Assets 101- Part 1 & Part 2 Training
Videos May 2008
(4.1) Summary
(4.1) HUD Occupancy Handbook 4350.3, Chapter 5
(4.2) Determining Annual Wage Income
(4.2) Overtime
(4.3) Year-to-Date Information
(4.3) Include Raises When Calculating Income
(4.4) Tips
(4.4) Seasonal or Sporadic Income
(4.5) Outside Agency Verifying Income
(4.5) Written Verification
(4.5) Verbal Verification
(4.5) Picture Identification
(4.5) Self-Employed Income Verification
(4.7) Social Security, Supplemental Security Income (SSI)
(4.8) Alimony and Child Support
(4.9) Public Assistance/Welfare Income
(4.9) Unemployment, Disability, Worker's Compensation, Severance Pay
(4.10) Military Pay
(4.11) Pension, Veteran's & Other Periodic Benefits
(4.11) Annuities
(4.11) On-Going Monetary Gifts
(4.12) Student Income
(4.12) Additional Income Verification Guidelines
(4.13) Types of Excluded and Included Income
(4.13) Income from Assets
(4.14) Types of Assets
(4.14) Savings and Checking
(4.14) Stocks, Bonds, Treasury Bills, Certificates of Deposit, Money Market
Funds
(4.14) Trusts
(4.15) Individual Retirement, Keogh, and 401(k) Accounts
(4.15) Rental Income
(4.16) Real Estate Owned
(4.16) Mortgage or Deed of Trust
(4.16) Personal Property Held as an Investment
(4.17) Lump-Sum Receipts
(4.17) Instructions for Valuing Assets
(4.17) Calculating Income from Assets
Chapter 5
Property Transfers (PDF)
Rev 05/2009
(5.1) Summary
(5.1) Transfer Instructions
(5.2) Types of Transfers or Assignments Requiring Commission Consent
(5.3) Fees
(5.3) Process
(5.3) Cover Letter
(5.3) Timeframe and Completeness
(5.4) Documentation Required for Complete Ownership Changes
(5.7) Documentation Required for Non-Sale of Property
Attachments
Appendix A
Glossary (PDF) Rev
05/2009
Appendix B
Differences
Between Tax Credits and Bonds (PDF)
Rev 05/2009
Appendix C
Bond
Property Reporting Requirements (PDF) Rev 05/2009
Appendix D
Bond Property
Income Limits (PDF) Rev 05/2009
Appendix E
Income & Asset Verification Summary Chart (PDF) Rev
05/2009
Appendix F
HUD
Occupancy Handbook 4350.3 REV-1 (Excerpts) (PDF) Rev
05/2009
Chapter 5, Section 1: Determining
Annual Income Rev 05/2009
Chapter 5, Section 3: Verification Rev
05/2009
Chapter 5, Exhibit 1: Income
Inclusions and Exclusions Rev 05/2009
Chapter 5, Exhibit 2: Assets Rev
05/2009
Appendix 3: Acceptable Forms of
Verification Rev 05/2009
Appendix G
Bond-Financed
Properties Frequently Asked Questions (PDF) Rev 05/2011
05/24/2011