Performance Standards and Links

NNEHIF
Requires that at least one person have a certification from one of the nationally recognized Tax Credit Trainers. NNEHIF works with Spectrum Seminars, offering a discount to property managers who work with NNEHIF.

MaineHousing
No specific requirements for ongoing training. Strongly encourages training for everyone who works with the LIHTC program.

NHHFA
Chapter 10 of the NHHFA Tax Credit Compliance Manual outlines requirements for initial and ongoing training on an annual basis.

8823 Standards
IRS Form 8823 is the Low Income Housing Credit Agencies Report of Noncompliance or Building Disposition. The form is issued by the State Housing Authorities when a property has not remained in compliance with IRS regulations. All General Partners and Property Managers should be aware of the areas of noncompliance; the 8823 Guide was released in January 2007.

Uniform Physical Condition Standards
When performing a physical inspection, state agencies use UPCS as the standard for evaluating that properties are providing housing that is decent, safe, sanitary and in good condition. UPCS is used by HUD to come up with their REAC scores, and has now been
adopted for use in tax credit properties. UPCS looks at five areas: the site, the building exteriors, the building systems, the common areas, and the individual units.

Portfolio Averages
2006
2005