Tax Credit Compliance Reports
Updates and Notices
Certificate of Continuing Project Compliance (CCPC) Part A
Purpose: An owners certification that this tax credit project is in
compliance with its Regulatory Agreement. This reporting form is due
on January 31st for the previous year. This report is sent to owners each
year with numbers generated from our database. Owners answer a
series of questions regarding their property and must provide an
original signed copy with their annual report. Contact the
Compliance Officer assigned to your property if you need a copy of
this reporting form: Compliance Officer Assignment
List
CCPC Table 1
Purpose: A summary report of rental activity in every low-income unit during
the calendar year. Table 1 is completed annually and due January 31st for the
previous year.
The 2009 Table 1 will be submitted using the new Web
Based Annual Reporting System (WBARS). *
Helpful Links: Commission Compliance Officer Assignment
List | Utility Allowances
Information
* Properties with other funders should check their other funders' websites
for additional required documentation and/or additional deadlines. The
following public funders are currently participating in WBARS for Combined
Funder Annual Reporting:
State of Washington Department of Commerce Housing Division;
City
of Seattle Office of Housing,
City of Tacoma
Housing Development Division, King County
Housing and Community Development; and
Snohomish County OHHCD.
Table 4 Income and Expense Report
Purpose: Table 4 information will be used as an
additional resource for the Commission in the underwriting process. Table
4 is completed annually and is due on or before June
30 for the previous year.
The 2009 Table 4 will be submitted using the new Web
Based Annual Reporting System (WBARS). *
* Properties with other funders should check their other funders' websites
for additional required documentation and/or additional deadlines. The
following public funders are currently participating in WBARS for Combined
Funder Annual Reporting:
State of Washington Department of Commerce Housing Division;
City
of Seattle Office of Housing,
City of Tacoma
Housing Development Division, King County
Housing and Community Development; and
Snohomish County OHHCD.
Vacancy Report
Purpose: This
report is used at properties with special-needs set-aside or farm work
commitment units to assist the Commission in determining if you are
marketing and holding these units properly. This Vacancy Report must be
submitted with the annual report (Part B/Table 1) and is due on January 31st if the special-need set-aside or farm work commitment has NOT been met at the
end of the previous year. The Vacancy Report can only be used after the
units have been initially rented to special-needs or Farm Work
commitment households and the units are now vacant.
Vacancy Report
(PDF) (Word) Rev 01/03/2006
|
Instructions
(PDF) Rev 01/23/2006
Farmworker Move-In Report
Purpose: Properties who provide Commission Farmworker Commitment units need to
complete this form for every qualified household that moves-in
during the calendar year. Most of the information needed to complete
this report can be found on the Household Initial
Certification and Instructions form that is completed when a new Household moves-in to the property. This report will provide the
Commission with information about the population served by the
Commitment and their occupation. The report for the previous calendar
year is due on January 31st and the completed Excel Spreadsheet file
should be e-mailed to compreport@wshfc.org per instructions.
Move-In Report
(Excel) Rev 06/30/06 Excel workbook includes
spreadsheet and complete instructions
Homeless/Transitional Report
Purpose:
This report is used by properties with transitional housing or permanent
housing for the homeless set-aside commitments in their Commission Tax
Credit Regulatory Agreement. Properties with these commitments will
use this report to confirm
whether or not services are being provided for these households. This report is
due on January 31st for the previous year. A printed copy of this report
on agency letterhead should be provided with the annual report. An enterable report
form and a sample report form are provided below. Owners may have
service provider(s) fill out this report, or provide a similar report
from the service agency as long as all requested information is
included. Any household initially qualifying as homeless
counts toward the Homeless Set-Aside Commitment for as long as the
household remains in the project. We request this information
in order to gather statistics on who is benefiting from and using supportive services
in conjunction with housing.
Homeless/Transitional Report
(PDF) (Word) Rev
08/2007 |
Sample
(PDF) Rev 08/2007
IRS Form Information
The Compliance
& Preservation Division requests completed copies of these forms which
are filed with the ownership's tax return (except the 8823). Blank versions of
IRS forms listed below can be viewed at the
IRS website by clicking on "Forms and Publications".
- 8609
Low-Income
Housing Credit Allocation Certification 8609. The Commission issues one
form for each building in a project after the building has placed in service and
when all allocation and placed in service requirements have been met.
Commission completes the top portion. Ownership completes the bottom
portion of this form the first year credits are taken. Ownership files
this completed form with the Schedule A and the 8586 mentioned below.
Commission requests completed copies of Form 8609 the first year tax credits are
taken in each building.
- 8609 (Schedule A)
Statement
attached to each 8609 form submitted to the IRS. This form shows the
actual amount of credit taken for the specified building during the specified
year. Commission requests completed copies of Form 8609 and Schedule A the
first year tax credits are taken in each building.
- 8586
Low-Income Housing Credit Attachment. One form is filed to the IRS
annually while credit is being claimed. Form shows the amount of
credit claimed for the entire project during the specified year.
Commission requests completed copy of Form 8586 the first year tax credits
are taken in each project.
- 8823
Form filed by Commission to report owner's noncompliance with the tax
credit program.
This page was last modified on 12/21/2010.
|
Administration:
Capital
Projects: 
Compliance
& Preservation: 
Finance
& I/T: 
Homeownership: 
Tax
Credit: