Tenant Income Certification definition

Tenant Income Certification means the certification regarding resident eligibility to live in the Tax Credit Unit; and any successor certification, as required by the Authority from time to time.

Tenant Income Certification means a tenant’s initial Tax Credit certification, including the tenant income certification/certificate of resident eligibility, all sources used in verifying income and assets (including, but not limited to, third party verification, checking and savings accounts, pay stubs, verification of assets, etc.), a copy of one completed lease signed and dated for each building in the Development, and a copy of the first and last page of each resident lease for each Low-Income Unit in the Development, showing the start date of the lease and signature of the resident(s) and Development Owner.

Tenant Income Certification means the Tenant Income Certification with Verification of Income attached hereto as Attachment N.

Examples of Tenant Income Certification in a sentence

• The CRF Subsidy Request Report - Recap of Tenant Income Certification shall be prepared as of the last day of each calendar month during the period of performance and shall be submitted to XXXXxxxxxxxx@XxxxxxxXxxxxxx.xxx and Florida Housing’s monitoring agent no later than the 15th day of the following month.

• The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information including the occupants’ eligibility, set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested.

• For move-in, it is recommended that the Tenant Income Certification be signed no earlier than 5 days prior to the effective date of the certification.

• The responsibility of documenting and determining eligibility (including completing and signing the Tenant Income Certification form) and ensuring such documentation is kept in the tenant file is extremely important and should be conducted by someone well trained in tax credit compliance.

• The Tenant Income Certification and LIHTC forms listed above are available from the HHFDC.

More Definitions of Tenant Income Certification

Tenant Income Certification means a certification form available on the Issuer’s website at the time of submission used to certify income and other matters executed by the household members of each Unit in the Development.

Tenant Income Certification means a tenant’s initial tax credit certification and any subsequent certification as may be required by Florida Housing, including the tenant income certification/certificate of resident eligibility, all sources used in verifying income and assets (including, but not limited to, third party verification, checking and savings accounts, pay stubs, verification of assets, etc.), a copy of one completed lease signed and dated for each unit in the Development, and a copy of the first and last page of each resident lease in each Low-Income Unit and Extremely Low-Income Unit in the Development, showing the start date of the lease and signature of the resident(s) and Borrower.

Tenant Income Certification. (TIC) means a certification, the form of which will be maintained on HOST’s website or otherwise supplied by HOST, regarding resident eligibility to live in the Affordable Unit; and any successor certification, as required by HOST from time to time.

Tenant Income Certification means a tenant’s initial tax credit certification, including the tenant income certification/certificate of resident eligibility, all sources used in verifying income and assets (including, but not limited to, third party verification, checking and savings accounts, pay stubs, verification of assets, etc.), a copy of one completed lease signed and dated for each unit in the Development, and a copy of the first and last page of each resident lease in each Low-Income Unit in the Development, showing the start date of the lease and signature of the resident(s) and Xxxxxxxx.

Tenant Income Certification. (“TIC”) in the form of Exhibit “C”, attached hereto (or such other reasonable form as City may from time to time adopt). Developer shall be entitled to rely on the TIC and supporting documents thereto in determining whether a household is an “Eligible Tenant” as may be established in Developer’s application review guidelines. Developer shall retain the TIC and supporting documents for a period of not less than three (3) years after the applicant ceases to occupy an Affordable Unit. An Affordable Unit occupied by an Eligible Tenant, shall be treated as an Eligible Tenant until a recertification of such tenant’s income demonstrates that such tenant no longer qualifies as an “Eligible Tenant.” Developer is required to recertify existing Eligible Tenants for continuing eligibility within 90 days of the annual renewal of each tenant lease. Developer shall require all existing Eligible Tenants to complete a Recertification TIC and review such TIC to determine eligibility for occupancy of an Affordable Unit.

Tenant Income Certification means a tenant’s initial tax credit certification, including the tenant income certification/certificate of resident eligibility, all sources used in verifying income and assets (including, but not limited to, third party verification, checking and savings accounts, pay stubs, verification of assets, etc.), a copy of one completed lease signed and dated for each building in the Property, and a copy of the first and last page of each lease of each Low Income Unit, showing the start date of the lease and signature of the resident(s) and owner.

Tenant Income Certification means a certification as to income and other matters executed by the household members of each tenant in the Development, in such form as reasonably may be required by the Department in satisfaction of the criteria prescribed by the Secretary of Housing and Urban Development under §8(f)(3) of the Housing Act of 1937 (“the Housing Act”) (42 U.S.C. 1437f) for purposes of determining whether a family is a lower income family within the meaning of the §8(f)(1) of the Housing Act.