HUD Seeks Comments on LIHTC Tenant Data Collection
HUD recently released a request for comments on the statutorily mandated collection of information for tenants of low-income housing tax credit (LIHTC)-funded properties. The Housing and Economic Recovery Act (HERA) required that each state agency administering tax credits annually furnish HUD with information concerning the race, ethnicity, family composition, age, income, use of rental assistance under Section 8(o) of the U.S. Housing Act of 1937 or other similar assistance, disability status, and monthly rental payments of households residing in each property receiving tax credits through the agency.
HUD established standards and definitions for the information to be collected and provided states with technical assistance in establishing systems to compile and submit the information, and, in coordination with other federal agencies administering housing programs, established procedures to minimize duplicative reporting requirements for sites assisted under multiple housing programs. And in 2010, HUD’s Office of Management and Budget approved the first collection form (HUD form 52697) used for the collection of LIHTC household information (OMB Approval No. 2528–0165; expiration date 05/31/2013). Renewal of this form is required for HUD to remain in compliance with HERA. HUD is accepting comments until Feb. 26, 2013.