Get Lihtc Tic 2015 Final Instructions.pdf

Completing the LIHTC TIC 2015 Final Instructions.pdf is a crucial step for owners and authorized representatives handling tenant income certifications. This guide provides a thorough step-by-step walkthrough to ensure accurate completion of the form online.

Follow the steps to complete the form successfully.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill out Part I – Development Data by checking the appropriate box for Initial Certification, Recertification, or other. Enter the move-in date, effective date, property name, county, BIN number, address, unit number, and number of bedrooms.
3. Proceed to Part II – Household Composition. List all occupants, their relationships to the head of household, and enter their respective birth dates, student status, and the last four digits of their social security numbers or alien registration numbers.
4. In Part III – Annual Income, list income sources for each income-earning household member separately, including wages, Social Security benefits, public assistance, and any other regular income. Make sure to total the amounts accurately.
5. Continue to Part IV – Income from Assets. Document each asset type, its current or imputed status, cash value, and anticipated annual income. Be sure to perform the imputed calculation if necessary.
6. In Part V – Determination of Income Eligibility, enter total annual household income, current income limits, and other required metrics to confirm eligibility.
7. Complete Part VI – Rent, outlining tenant paid rent, rent assistance, utility allowances, and gross rent calculations to ensure compliance with rent restrictions.
8. Move on to Part VII – Student Status, checking the appropriate box based on the full-time student status of household members.
9. Complete Part VIII – Program Type by marking relevant programs and income statuses for the household.
10. Finally, ensure that all eligible household members sign and date the Tenant Income Certification. The owner or representative must also sign the document to validate its completion.
11. After filling the form, use options to save changes, download, print, or share the form as needed.

Complete your LIHTC TIC 2015 Final Instructions.pdf online today for efficient document management.