Income Verification and Certification of Tax Credit Housing Residents

From the Editors of Tax Credit Housing Management Insider, this convenient resource is divided into two easy-to-use sections: Income Verification and Certification.  It combs through HUD materials to clarify issues of most concern to tax credit housing managers as they deal with household composition, income calculation, certification and re-certification. It offers rules, tips, practical pointers, and convenient “Q&A” advice on:

• Counting assets
• Counting seasonal and sporadic income
• Treating minors as dependents, including students and calculating student income
• Conducting fraud investigations
• Using Enterprise Income Verification systems to obtain information
• Obtaining resident cooperation in the certification process
• Conducting certification meetings
• Certifying personal matters (i.e., disability or pregnancy)
• Protecting tax credits if changes occur in annual re-certifications

Plus, Income Verification and Certification of Tax Credit Housing Residents highlights common mistakes and pitfalls and offers advice to managers on how to avoid them.