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FDIC Affordable Housing Disposition Program (AHDP) |
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Phoenix Revitalization Corporation (PRC) has been assigned the monitoring responsibilities by the Federal Deposit Insurance Corporation (FDIC) for properties in; Arizona, Colorado, Connecticut, Florida, Indiana, Ohio, Massachusetts and Missouri. We monitor compliance with the FDIC Land Use Restriction Agreement (LURA) and help ensure the preservation of affordable housing by maintaining rental opportunities for low income and very-low-income households. It is our goal to assist with program compliance. Important information about the AHDP program, LURA requirements, annual reporting and other resources for property owners and managers are available from the links listed below. Please contact a PRC team member if you have any questions. |
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| AHDP Income and Rent Limits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| AHDP Requirements for Annual Compliance | ||
| Annual Report
The Annual Report period for all properties is 01/01 - 12/31 Each Year. Please see the Annual Report Checklist for
required documents and information regarding You can submit this report via: Email: ahdp@phxrevitalization.org |
Bi-Monthly Report
If your property has been placed on Bi-Monthly Reporting please see the Bi-Monthly Reporting Checklist for reporting schedule, required documents and other important information regarding this report. You can submit this report via: Email: ahdp@phxrevitalization.org |
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Annual Monitoring Fee The Annual Monitoring Fees for all properties is due on 01/15 for that calendar year. You can send your payment to PRC at: |
Site Review 2022
A Site Review for 2022 is scheduled for your property if you have 10 or more set aside units. Please see the Site Review Checklist for more information regarding Site Review requirements. |
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AHDP Forms |
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| Annual Report - Required Forms
Verification of Information (VOI) *Form includes formulas |
Qualified Units - Required Forms
Tenant Income Certification (TIC) |
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| Sample Forms
Certification of Zero Income |
Tools
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Request a Training |
| Trainings run typically 1 - 1 1/2 hours long. Multiple people can join the trainings. Click Here to request a training |
| AHDP Program History | |
The RTC Affordable Housing Disposition Program was established by section 501 of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. Regulations governing the AHDP were issued in April 1990, with the basic statutory obligation being to ensure the preservation of affordable housing by providing home ownership and maintaining rental opportunities for moderate-income, low-income, and very-low-income households. The two components of the AHDP are the Single-Family Program and the Multi-Family Program. In 1991, with the extensive amending of FIRREA by the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act (RTCRRIA), the RTC added condominium units to the AHDP and generally treat them as single-family properties. |
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| PRC FDIC / AHDP Monitoring Team | |
| Eva O. Olivas / Executive Director & AHDP Compliance Monitor Patricia Blaisdell / AHDP Compliance Monitor Julia Duran / AHDP Compliance Officer Sonia Tilton / AHDP Program Assistant Celeste Moreno / AHDP Program Assistant |
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| PRC Monitoring Agency Contact Information | |
Phoenix Revitalization Corporation PRC Office Hours |