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What's New in Tax Credit Monitoring

2008 Tax Credit Compliance Workshops Online Registration

2008 Multifamily Conference to be held in Milwaukee: Submit your topic ideas! Save the date!

Attention software vendors: To validate files according to the WHEDA XML formatting requirements for Unit Status Report submission go to our RCRS validation tool. This process will test the file against the required format, returning errors if found. This process only tests formatting of the file, not tenant events.


Tax Credit Monitoring provides information about WHEDA's monitoring program to assist Section 42 property owners and management companies.

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Monitoring Updates

Find updates for WHEDA's Compliance Monitoring Program here. Information will be removed and incorporated into the appropriate area after a reasonable time. For additiional information, contact a Compliance Monitoring staff member.

 

Online Unit Status Reporting

The Rental Compliance Reporting System (RCRS) is now available for submitting Unit Status Reports electronically. It's easy, convenient, and accurate. If you are new to the system, you must sign up for our eWHEDA Services by completing and returning a Delegrated Administrator Agreement in order to gain access to RCRS. Also, see this list of Frequently Asked Questions about RCRS.

 

Frequently Asked Questions

FAQs list questions and their answers to commonly asked questions about Tax Credit Monitoring.

 

Data Library

The Multifamily Data Library includes links to Tax Credit Development Financing, such as occupancy rates, operating expenses, tax-credit projects, federally-assisted rental housing, and fair market rents.

 

Eligibility

2008 Income and Rent Limits
Based on HUD estimates of County Median Income.

 

Guidelines

The AHTC Compliance Manual
A resource for owners, developers, and management companies; designed to answer questions regarding procedures, rules and regulations.
AHTC Monitoring Forms
Available in .pdf and .exe formats.
IRS Regulations
List of links to IRS Regulations (26 CFR, Part 1, Section 42) on the web site of the United States Government Printing Office.
Rev. Rul. 2004-82
Link to revenue ruling 2004-82 on the Internal Revenue web site.
26 USC Section 42
Link to Title 26, Section 42 of the United States Code on the Office of the Law Revision Counsel web site.