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Tenant Compliance Certification

CalHFA offers tax-exempt financing to multifamily rental projects in which at least 20% of the units are set aside for low-income household for a specific period of time under the "80/20" program. Under the 80/20 program, the agency has two types of projects: Pre 1986 and Post 1986.

Pre-86 projects are projects financed prior to 1986. Under this program, at least twenty percent (20%) of the completed dwelling units in the project shall be occupied or reserved for occupancy, on a continuous basis by a household whose income does not exceed eighty percent (80%) of area median income, as adjusted for family size. Once a resident is qualified at move-in for a Pre-86 project, the resident is qualified for the duration of their tenancy. Pre 86 projects do not require annual tenant recertification, however tenant who move in during the year are certified.

Post-86 projects are projects financed after 1986. Under this program, at least twenty percent (20%) of the completed dwelling units in the project shall be occupied or reserved for occupancy, on a continuous basis by a household whose income does not exceed fifty percent (50%) of area median income, as adjusted for family size.

An annual certification shall also be obtained from each tenant of a dwelling designated for rental by a Qualified Tenant on or about June 30 of each year. Copies of such certifications shall send to the Agency, shall be retained in the Borrower's files for a period of three (3) years and shall be available inspection by the Agency or its agents upon request.

On or before August 15th of each year the owner shall file with CalHFA a report on form approved by the Agency specifying the total number of dwelling units in the project of both Pre 1986 and Post 1986 and the number units occupied by Qualified Tenants as of June 30th of such year.

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Sacramento Headquarters
500 Capitol Mall, Ste. 1400
Sacramento, CA 95814
877.9.CalHFA (877.922.5432)
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