|
COMPLIANCE AND PRESERVATION
STAFF DIRECTORY
Email:
askusco@wshfc.org
Seattle Office
Compliance and Preservation
Washington State Housing Finance
Commission
1000 Second Avenue, Suite 2700
Seattle, WA
98104-1046
Phone
toll free in Washington: 800.767-4663
Phone Seattle area:
206.464.7139
FAX: 206.587.5113
-
Tim Sovold, Director, Ext 419
-
Melissa Donahue, Manager, Ext 444
-
Mardi Roberts, Senior Compliance Officer,
Ext 425
-
Marji Johnson, Senior Compliance Officer,
Ext 423
-
Michael Soper, Senior Compliance Officer,
Ext 469
-
Michael Dill, Senior Compliance Officer,
Ext 442
-
Joyce Orchard, Senior Compliance Officer,
Ext 451
-
Duane Bakke, Senior Compliance Officer,
Ext 424
-
Markham Stickney, Compliance Officer, Ext
443
-
Amelia Quiba, Technical Specialist, Ext
418
-
Chaun Mitchell, Program Assistant, Ext 471
-
Cody Field, Program Assistant, Ext 366
Spokane Office
Compliance and Preservation
Washington State Housing Finance
Commission
421 West Riverside Avenue, Suite 661
Spokane, WA
99201
Please send all required Annual Reports and supporting documentation
to our Seattle Office - unless specifically requested
otherwise.
All properties that have Jack Beeching as a compliance officer
should mail their annual reports and documentation directly to the
Spokane Office. Find your compliance officer
Direct
phone: 509.458.2112
Main phone toll free in Washington:
800.230.3526
FAX: 509.458.2114
Spokane Office Open House
What We Do
The Compliance and Preservation Division monitors properties financed with
tax-exempt bonds and low-income housing tax credits, as well
 as
Federal Deposit Insurance Corporation projects.
By working together with its partners, the division ensures the long-term
preservation of affordable housing and ensures that federal laws and
Commission Regulatory Agreement requirements are followed.
To achieve
these objectives, the Compliance and Preservation TEAM (Training,
Education, and Monitoring) employs a training, education, and technical
assistance approach with its owner and property manager partners.
AWARDS RECEIVED
2004 NCSHA Annual Awards for Program Excellence Winners
Rental: Multifamily Management
Washington State Housing Finance Commission
Marketing and Qualified Contract Process
In 2003, the Commission was one of the first state housing finance
agencies to develop a Marketing
and Qualified Contract Process for Tax Credit Properties eligible
for the “Option Year” described in Section 42 (h)(6)(E) – (K) of the IRS
Code. Properties allocated tax credits in 1990 and beyond are
eligible for this option year at the completion of year-14 in the
extended use agreement, unless otherwise extended or waived by agreement
between the owner and agency. If the owner exercises their right
to declare the option year, the agency has one year to find a qualified
purchaser for the property at what is called the “Qualified Contract
Price”.
The
Compliance and Preservation Division consulted with stakeholders when it
established worksheets for determining the Qualified Contract Price
along with a sample for Washington State. We also created a Notification
Letter for the owner to send to the Commission. This letter
outlines certain expectations that the Commission requires for anyone
exercising his or her option. Finally, we created a plan for
marketing the properties for sale during the option year and added
Chapter 11 to our Tax Credit Compliance Manual explaining the entire
process, which is posted on our website. Our objective is to
preserve properties in low-income use for the longest period of time
possible.
2002 NCSHA Annual Awards for Program Excellence Winners
Rental:
Multifamily Management
Washington State Housing Finance Commission
Teaching Compliance Via Webpage
The
Commission’s compliance and preservation division hosted or co-sponsored
11 Housing Credit and five bond compliance workshops during 2001, as
well as other training sessions with industry partners, totaling more
than 1,300 participants. The workshops featured a unique method of
learning that incorporated a traveling version of the division’s webpage
into a Power Point presentation. These workshops familiarize
participants with the webpage and have dramatically increased it as a
continuous self-education element to the Commission’s compliance
technical assistance. The Commission now averages more than 15,000 hits
(up from 10,000 in May 2001) and 3,200 visitor sessions (up from 1,800)
per month.
Management
Innovation: Operations Management
Washington State Housing Finance Commission
Intergovernmental Leveraging
A
compliance group that included several public funding agencies—including
the State Office of Community Development, City of Seattle, Office of
Housing, USDA - Rural Housing Service and various state and city
authorities—evolved into a formal agreement for these agencies to share
information and expertise on a regular basis. Through Memoranda of
Understanding, these agencies have agreed to provide an exchange of
services. The Commission’s task is to review low-income set-aside
requirements for other agencies on jointly financed projects. Those
agencies then conduct on-site inspections to the Commission’s required
standards. To conduct joint annual reporting, the participating agencies
agreed to a common reporting form that is available to owners/managers
on all agency websites. The participating agencies have developed
methods of communicating the status of inspections through emails and
form letters; additionally, they meet at least quarterly and exchange
calls and email regularly to keep the process on track.
Compliance
and Preservation Survey
This page
was modified 9/26/2007.
|
