Affordable Housing Connections

Programs: Compliance monitoring: ahc provides due diligence reports to local allocators of sec. 42 housing tax credits, to the cities of minneapolis-saint paul, and hennepin county, dakota county and st. Louis county consortia as home program participating jurisdictions (pj), to the city of saint paul for the neighborhood stabilization program (nsp) and, to the federal deposit insurance corporation (fdic) for the affordable housing program (ahp). Reports are based on review of owner's annual compliance reports, randomly-selected tenant files and physical inspection of the property, common areas and selected unit interiors. Ahc compliance workload included 467 projects totaling 26,897 units during calendar year 2016. Workload is centered in the twin cities metro area but also includes projects in greater minnesota. Compliance monitoring reviews focused on owner/managing agent application of federal income and rent limits and federal standards for household eligibility.

training: ahc conducts training sessions for property managers, site managers, compliance officers and owners of income or rent-restricted rental housing projects. Training focuses on program compliance related to hud and irs regulations, policies, and procedures. Ahc conducted 7 classroom sessions with total attendance by 299 individuals. Training was to inform the owners/managers of affordable housing projects with sec. 42 tax credits and/or home funding about the federal government requirements related to standards for household eligibility, income and rent limits, and industry "best practices" for due diligence and documentation.

other program service revenue and expense which is consistent with the organization's mission but not necessarily allocable to the two primary program service accomplishments.