Compliance

NNEHIF Watch List Criteria

NNEHIF Compliance Reviews

Initial Review: Spectrum conducts a 100% file review of all initial tax credit tenants. When the property has reached 100% lease-up, we will conduct a full file review and inspect the site, including 20% of all tax credit units.

Annual Review: Each year NNEHIF will conduct a review of files and conduct a physical inspection of the property, including a 20% review of the units. All new move-in files will be reviewed, as well as recertification files to ensure ongoing compliance with the LIHTC program. Read more...Guidelines for Submitting Files for Review. The physical review will be done using UPCS standards, which looks at five areas of the property: the site, the building exteriors, the building systems, the common areas and the units.

Reviews are conducted by either NNEHIF staff or Spectrum Enterprises, a nationally known compliance expert that conducts monitoring activities for state agencies as well as private companies.

HOME Guidelines: Check out the NEW HOME Compliance Guides for Property Managers and Regulators.