Compliance
WNC's Compliance Department is central to WNC's success and has kept WNC's history clean from recapture of tax credits for non-compliance.
Resources/Documents on this page such as the following WNC Compliance Manual are in PDF format. You will need Adobe Acrobat Reader (provided for free from Adobe) to access these files.
The WNC Compliance Manual is being updated. Please check back at a later date for the updated download.
WNC Reporting Forms
The following forms are used for WNC reporting purposes and may be conveniently downloaded. Any questions may be directed to the WNC Compliance Department at 800-286-1135, x210.
Initial Tenant Certification Compliance Audit/Review Requirements
File Submission Guidelines
Utility Allowance - Federal Register
Monthly Reporting
(properties from construction phase to lease-up phase)
Monthly Initial Tenant Certification (Excel)
Quarterly Reporting
(stabilized properties)
Quarterly Tax Credit Compliance Report (Excel)
Reference and Resource Materials
The following reference materials and resources are also provided for your convenience and may be downloaded individually.
Affidavit of Unemployment
Alimony-Child Support Certification
Alimony-Child Support Verification (Court/Agency)
Divestiture of Asset Certification
Interview Checklist
IRS Form 4506
IRS Student Status Self-Certification
NCSHA - Employment Verification
NCSHA - Tenant Income Certification
NCSHA - Under 5K Asset Certification
NCSHA - Zero Income Certification
Real Estate Verification
Telephone Conversation
Tenant Income and Assets Questionnaire
Termination of Employment
Compliance Industry News
HUD Issues Final Ruling on Equal Access - Sexual Orientation and Gender Identity
2012 Multifamily Tax Subsidy Program Income Limits (LIHTC/TEB)
MTSP Income Limits Tables as a downloadable PDF
2012 HUD program Income Limits (Section 8, Section 221(d)(3) BMIR, Section 235 and Section 236)
Conducting a Thorough Site Visit After Initial Lease-Up by Kristin Han, WNC Compliance Director
IRS Guide for Completing Form 8823 (Revised Jan. 2011)
Social Security Administration announces COLA (Cost of Living Adjustment) increase
Summary of The Housing and Economic Recovery Act of 2008 (text courtesy NAHB).
IRS Notice 2008-79 provides guidance regarding tax-exempt bonds and a list of military bases for which military allowances can be excluded from LIHTC income calculations.
Download the IRS LIHC Newsletter.