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Asset Management & ComplianceBond Compliance Reports

 
CERTIFICATE OF CONTINUING PROJECT COMPLIANCE (CCPC - Part A)

Due quarterly on the 7th of next month following previous 90-day period or annually on Jan. 7

Purpose: Owner's certification that the bond project is in compliance with its Regulatory Agreement.  This Bond report requires an original signature of the owner and must be generated from our database.  A copy will be provided with the report request.  For new construction bond projects, the CCPC Part A is completed on a quarterly basis during initial lease-up; the first time the form is due is when the project reaches 10% occupancy.  Thereafter, the form must be submitted every 90 days until the project achieves 90% occupancy.  After 90% occupancy, the report is completed annually.  Annual reports are due January 7th for the previous report year.  Contact the Portfolio Analyst assigned to your property if you need a copy of this reporting form. 
Bond CCPC Part A Sample (PDF) Rev 12/31/2008

TABLE 1 - TENANT ACTIVITY (CCPC - Part B)

Due quarterly on 7th of next month following previous 90-day period or annually on Jan. 7

Purpose:  A summary report of rental activity in every Bond income qualified unit during the reporting period. For new construction bond projects, the CCPC Part A is completed on a quarterly basis during initial lease-up; the first time the form is due is when the project reaches 10% occupancy.  Thereafter, the form must be submitted every 90 days until the project achieves 90% occupancy.  After 90% occupancy, the report is completed annually.  Annual reports are due January 7 for the previous report year.  This report must be submitted on legal size paper in our format. Contact the Portfolio Analyst  assigned to your property if you have questions about how to complete this report.  This Excel workbook file includes enterable spreadsheet, sample and instructions sheets.  Please enter data on the Excel spreadsheet after viewing the samples and reading the instructions.  Save this file to your computer before use.
Bond CCPC Part B (Excel) Rev 05/26/2016
Blank Spreadsheet (PDF) Rev 05/26/2016
Sample Form 1 (PDF) Rev 05/26/2016
Instructions Rev 09/2007

Use this spreadsheet if you are a property currently leasing and will be taking Low Income Housing Tax Credits.  Once you have taken your first tax credits and are reporting annually as a tax credit property you will be using the WBARS system.
Bond to Tax Credit Quarterly Report (Excel) 12/15/2009

AFFIRMATIVE MARKETING REPORT

Due January 7 (if applicable)

Purpose: To describe a Commission bond project owner’s (or management company’s) actions taken to assure the project’s compliance with marketing for Special-Needs populations. This reporting form is completed annually and due on January 7 for the previous year. The properties on the below list are required to complete this report:
Projects with Affirmative Marketing Report Requirement (PDF) Rev 06/2016
Affirmative Marketing Report (PDF) (Word) Rev 12/01/2014
Instructions (PDF) Rev 12/01/2014

IRS FORM 8703

Due March 31 (if applicable)

Blank versions of IRS forms can be obtained at the IRS Website by entering the name of the form in the box marked "Search Forms and Publications for."   An IRS Form 8703 Annual Certification of a Residential Rental Project must be completed when a Bond property falls under Section 142 of the Internal Revenue Code of 1986 (See your Regulatory Agreement)  The Commission will send a reminder letter if we believe a property needs to file this form.  The IRS wants this form filed by March 31st after the close of the calendar year for which the certification is made.  The Commission would also like a copy for our files by March 31st.

OTHER COMPLIANCE FORMS »

NOTE:  Compliance forms have been posted on our website as a convenience for property managers and to provide an efficient means of distributing updates.

06/22/2016

  
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