Get Ms Home Corp Dfar Report Form

Filling out the Mississippi Home Corporation Development Financial Analysis Report (DFAR) online is an essential process for housing tax credit developments. This guide provides clear and supportive instructions for users to navigate the form and ensure accurate submissions.

Follow the steps to complete the form with ease.

1. Click ‘Get Form’ button to obtain the DFAR and open it in the online editor.
2. Enter the certification period that the report covers. Ensure the period aligns with the requirements, typically the twelve months prior to the report's due date.
3. Fill in the development information including project number, project name, and project county. Ensure this information matches MHC records.
4. Complete the gross income section. Enter amounts for gross actual rental income, other residential income, and interest income, being careful to follow the specified guidelines about reporting formats.
5. Itemize operating expenses carefully. Do not change line items; include all necessary expenditures, and categorize them appropriately without adding new rows.
6. Verify the calculated fields such as total operating expenses and net operating income to ensure they match your financial statements.
7. For each loan, list annual debt service payments accurately and attach any necessary additional details if more than two loans are reported.
8. Write a plan of action if the Debt Service Ratio falls outside the acceptable range and attach it accordingly.
9. Once all information is entered and verified, save the form, download it if necessary, and be sure to print or share as needed.

Complete your DFAR online today to ensure timely compliance and accurate reporting.