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TENANT INCOME CERTIFICATION - Louisiana Housing Corporation 2026
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- Click ‘Get Form’ to open the TENANT INCOME CERTIFICATION in the editor.
- Begin with Part I: Household Composition and Income. List all household members, including minors, in the designated fields. Ensure accuracy in names and ages.
- In the Asset Information section, provide details about household assets. Include descriptions and total cash values for each member's assets.
- Complete the Annual Income Information by entering wages, benefits, public assistance, and other income sources for each household member.
- Calculate the total annual income by summing up all entries from the previous step. This will be your final figure in Box 8.
- Proceed to Part II: Household Certification. Ensure that all signatures are obtained from eligible household members to validate the information provided.
- In Part III: Eligibility Determination, mark the appropriate certification type and applicable programs while indicating income status as required.
- Finally, complete Part IV: Owner Certification by having the owner or authorized representative sign and date the form to confirm accuracy.
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What is the low income housing tax credit in Louisiana?
Program Overview. The LIHTC is designed to subsidize either 30% or 70% of the costs in a low-income unit rental project. The 30% subsidy, commonly called the automatic 4% tax credit, is for new construction that includes additional subsidies or that can be used for the acquisition cost of existing buildings.
What is a tenant income certification?
Tenant Income Certification (TIC) is a critical process in affordable housing programs, ensuring that the tenants who benefit from these programs meet the specific income requirements set forth by the governing authorities.
What is proof of income for tenants?
The most common examples of proof of income documents are pay stubs, W-2s, tax returns, 1099 forms, bank statements, offer letters, Social Security benefits statements, pension distribution statements, and court-order award letters.
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Related links
Louisiana Housing Finance Agency in its capacity to monitor the propertys compliance with applicable program requirements.
Jan 24, 2023 The Low-Income Housing Tax Credit program (LIHTC) was created to provide the private market with an incentive to invest in affordable rentalRead more