The California Tax Credit Allocation Committee (CTCAC) has published updated versions of almost all forms for low-income housing tax credit (LIHTC) compliance. Owners and management agents have through December 31, 2022 to implement use of the new forms.
The CTCAC will not accept use of modified or previously approved forms — or modifications or changes to the new forms. Effective January 1, 2023, use of any outdated or modified versions of required CTCAC LIHTC forms will result in a finding of noncompliance. As of this writing, tenant income certification and tenant household information forms remain the same since April 2021.
If you have any questions about affordable housing compliance, please contact us at email@example.com.
You may also be interested in our article with Important Tax Figures for 2022.