Cost Certification

Qualifying for Final Allocation of LIHTC

An owner must notify NIFA when a development has been placed-in-service.  NIFA will issue IRS Form 8609(s) contingent upon the owner submitting one hard copy of all documentation detailed in the Final Cost Certification Procedures Manual.

Developments Placed-in-Service during calendar year 2017. For developments receiving a Firm Commitment in 2017 that will be placed-in-service during 2017 calendar year, NIFA will make an allocation of LIHTC by issuing IRS Form 8609(s) prior to the end of the 2017 calendar year. The owner must notify NIFA when the development has been placed-in-service and submit to NIFA within 60 days of the placed-in-service date but no later than December 1, 2017, the Final Cost Certification Documentation detailed in Section 1.2(b) of the Cost Certification Procedures Manual.

Developments Placed-in-Service after calendar year 2017. For developments receiving a Firm Commitment during 2017 that will be placed-in-service after the end of the 2017 calendar year, the owner must submit to NIFA the Carryover Allocation Document as set forth in the Carryover Allocation Procedures Manual by November 1, 2017. Such developments must be placed-in-service no later than December 31, 2019. The owner must notify NIFA when the development has been placed-in-service and submit to NIFA within 60 days of the placed-in-service date but no later than December 1, 2019, the Final Cost Certification Documentation detailed in Section 1.2(b) of the Cost Certification Procedures Manual.