NCSHA Releases New Model Forms for LIHTC Compliance

The National Council of State Housing Agencies (NCSHA) has released updated model forms for housing credit agency use in low-income housing tax credit (LIHTC) compliance.

The forms, which include an updated tenant income certification and new asset self-certification, reflect modifications to income determination and asset certification rules under the Housing Opportunities Through Modernization Act. They’ve also been adjusted for consistency with NCSHA’s most recent update to its Recommended Practices in Housing Credit Administration, released in late 2023, according to the organization.

While the goal of the model compliance forms is to provide a level of consistency across states, state housing credit agencies may choose to adopt the forms in full or adapt them to best meet their needs. This is the first update to NCSHA’s model forms since 2019.

The forms are:

• Owner Certification of Continuing Program Compliance;

• Tenant Income Certification (TIC) and TIC Instructions;

• Asset Self-Certification and Asset Self-Certification Worksheet;

• Certification of Zero Income;

• Affidavit of Student Financial Assistance;

• Student Status Verification;

• Student Self-Certification; and

• Complete Set of Forms

Stephanie Naquin, director of multifamily property compliance at Novogradac & Co., assisted in developing the forms along with many NCSHA affiliate member compliance experts and state housing agency compliance staff who reviewed earlier drafts and assisted in this effort.