For All LIHTC and CHFA Multifamily Loan
Properties (excluding Project-based Section 8
and Mod Rehab) |
Accurate Occupancy and Demographic information as of December 31, 2019,
must be entered and submitted in WCMS.
|
Due January 15, 2020 |
For Properties with Multifamily Loans through CHFA |
Owner Certification of Continuing Loan Compliance
(Must be signed by Owner)
*covers January 1
through December 31, 2019 |
Due
January 15, 2020 |
Operating Budget for Properties with 542(c) Risk Share Loans only
* CHFA no longer requires submission of annual budgets for CHFA Multifamily Loans that are not 542(c) Risk Share. For confirmation of your CHFA loan type, please contact your Program Compliance Officer.
|
Due 60 days before the
development's fiscal year end |
Audited Financial Statements |
Due 90 days after the
development's fiscal year end |
IRS Form 8703 for Calendar Year 2019
*Applicable to developments where CHFA served as the issuer of Private Activity Bonds and lender.
(PAB/tax-exempt bonds associated either with multifamily financing only or in conjunction with 4 percent LIHTC).
|
Due to the IRS
March 31, 2020,
with a copy to CHFA by
April 30, 2020 |
IRS Form 990
*Previously applicable if development has a CHFA loan with 501(c)(3) bonds. CHFA no longer requires submission of IRS Form 990 for CHFA Multifamily Loans.
Note: Owners must still file the Form 990 as required by the IRS.
|
N/A |
For Properties with Low Income Housing Tax Credits |
LIHTC Owner Certification of Continuing Program Compliance
(For properties within the initial 15-year compliance period)
(Must be signed by Owner)
*covers January 1 through December 31, 2019
|
Due
January 15, 2020 |
LIHTC Post Year-15 Owner Certification of Continuing Program Compliance
(For properties that have completed the initial 15-year compliance period)
(Must be signed by Owner)
*January 1 through December 31, 2019
| Due
January 15, 2020 |
IRS Form 8703 for Calendar Year 2019
*Applicable to developments where CHFA served as a conduit issuer of Private Activity Bonds (PAB/tax-exempt financing). |
Due to the IRS March 31, 2020, with a copy to CHFA by April 30, 2020 |
Monitoring Fees
*Post Year-15 only ($25/LIHTC unit or a maximum of $2,500/year) |
Due
January 15, 2020 |
First-year IRS form 8609 (Part II completed in full), as filed
with the IRS
For all new LIHTC project owners that elected to claim first year credits for 2018 or earlier, please ensure all 8609 forms have been submitted in CHFA Insight.
For projects without completed forms 8609, CHFA will monitor each building as a separate LIHTC project. |
Within 90 days of the end of the first year of the Credit Period |
First-year Colorado LIHTC Allocation Certificate, as filed with the
Colorado Department of Revenue (Colorado Affordable Housing Tax Credits Only) |
Within 90 days of the end of the first year of the Credit Period
|