How Do the Watchmen Watch?

Part 5: State Compliance Monitoring Procedures At any given time, tax credit properties all over the country are helping tens of thousands of households by providing decent, safe and sanitary housing that they can afford. A property can continue to do so if the responsible management professionals follow the basic rules of the program. Past articles in this series discussed building a library to assist in understanding the compliance rules as well as specific rules relating to determining income and student status for the tax credit program. Now we will cover how the government ensures that properties are compliant, and how we can get ahead of this process to fix any problems that arise. Spe

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