
HUD LIHTC Tenant Data Collection Form (HUD52697)OMB Approval No. 25280320 (Exp.10/31/2025)HUD LIHTC Tenant Data Collection Form Certification Type: (1Initial Certification ; 2Recertification;.
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How to fill out the HUD-52697 online
The HUD-52697, also known as the LIHTC Tenant Data Collection Form, is essential for reporting tenant data related to federal low-income housing tax credits. This guide provides clear, step-by-step instructions on completing the form online, tailored to meet your needs, regardless of your experience level.
Follow the steps to fill out the HUD-52697 accurately.
- Press ‘Get Form’ button to secure the HUD-52697 and launch it in your editing space.
- Begin with Part I: Development Data. Fill in details such as Certification Type by indicating whether it is an initial certification, recertification, or other, along with the effective date. Next, provide the LIHTC Qualification Date, Compliance Agency Name, County, Property Name, PIN, BIN, and Building Address, including Unit Number and number of bedrooms.
- Continue to Part II: Household Composition. If the unit was vacant on December 31, 2021, select ‘Yes’ or ‘No’. List each household member, including their names, relationship to the head of household, race, ethnicity, disability status, date of birth, and whether they are a full-time student.
- Skip Parts III and IV as they have been removed in their entirety. Move to Part V: Determination of Income Eligibility. Enter the Total Annual Income from all sources and complete sections for Recertification only including Effective Date of LIHTC Income Certification and Household Size at LIHTC Certification.
- In Part VI: Monthly Rent, record the tenant paid monthly rent, monthly utility allowance, other non-optional charges, as well as the gross monthly rent for the unit. Include the maximum LIHTC rent for this unit and indicate if it meets federal rent restrictions.
- Proceed to Part VII: Student Status. Declare if all occupants are full-time students and provide the necessary explanations if they are.
- Wrap up with Part VIII: Program Type. Identify the applicable programs that the household’s unit will be counted toward as per the property’s occupancy requirements.
- Finally, ensure all information is accurate before saving changes, downloading, printing, or sharing the completed HUD-52697.
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What is the compliance period for Ctcac?
CTCAC allocates state and federal tax credits to qualifying affordable housing developments as well as oversees a 55-year Compliance period for each project receiving credits.
What is the 140% rule for Tcac?
If the income of the occupants of a qualifying unit increases to more than 140% of the current income limit, the next unit of comparable or smaller size must be occupied by a qualified low-income Resident(s).
What is Tcac funding?
The California Tax Credit Allocation Committee (CTCAC) facilitates the investment of private capital into the development of affordable rental housing for low-income Californians.
What is the difference between Tcac 4% and 9%?
The 4% tax credit (30% subsidy) is for the acquisition of existing buildings for rehabilitation and new construction financed by tax-exempt bonds. The 9% tax credit (70% subsidy) is usually for new construction and substantial rehabilitation without federal subsidies.
What is TICQ?
One Form per Adult Member of the Household.
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