Full Tax Credit Compliance Review

A full tax credit compliance review will examine all elements of tax credit compliance, including a review of set-aside requirements, rent levels, utility allowance documentation, income limits, employee units, optional fees, file storage policies, available unit tracking compliance, and fair housing accessibility compliance.  Resident files from each property will be reviewed for procedural compliance with the tenant certification and verification requirements of the Section 42 program.  Each file is reviewed for the purpose of determining whether the property meets the compliance requirements of the Section 42 Program.

This is a very detailed audit of all resident files that basically examines every document in each file in order to make the most complete assessment possible regarding the status of the unit.  This review is designed to identify both eligibility and compliance issues.