MESSAGE BOARD

• The next Annual Report Period for all Properties is 01/01/22 – 12/31/22 and it is due on 01/31/23. Annual Reports will not be accepted prior to the end of the reporting period. Submit Annual Report timely to avoid penalties for non-reporting.
• The 2023 Annual Monitoring Fees will be due by 01/15/23.  Submit payment timely to avoid penalties for non-payment.
• Effective 01/01/22 the AHDP program will only accept Self-Certifications on a case by case basis. 

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, Missouri and South Carolina. 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.

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
this report.

Annual Report Checklist

You can submit this report via:

Email: ahdp@phxrevitalization.org
WeTransfer: https://phxrevcorp.wetransfer.com
Drop Off: Please call the office at (602) 253-6895 to schedule an appointment.
Mail:
1122 E. Buckeye Rd.
Suite A1 / Mailbox 4
Phoenix, AZ 85034

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.

Bi-Monthly Report Checklist

You can submit this report via:

Email: ahdp@phxrevitalization.org
WeTransfer: https://phxrevcorp.wetransfer.com

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:

1122 E. Buckeye Rd.
Suite A1 / Mailbox 4
Phoenix, AZ 85034

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.

Site Review Checklist

AHDP Forms

Verification of Information (VOI)
Owner Certification of Program Compliance
Part A - Compliance Report Summary
*Fillable PDF / Printable PDF
Part B - Unit Status Report
*Excel / PDF

*Form includes formulas

Tenant Income Certification (TIC)
Lease Addendum
Tenant Release and Consent

Certification of Zero Income
Child Support and Alimony Verification
Employment Verification
Recurring Gift Verification
Self-Declaration of Income
Telephone Employment Verification
Tenant Certification Clarification

Income Calculations Worksheet
WeTransfer: https://phxrevcorp.wetransfer.com/

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.

The RTC classifies households as low-income when their income does not exceed 80 percent of the area median income as established by the U.S. Department of Housing and Urban Development (HUD). The RTC classified very-low-income households as those with income that does not exceed 50 percent of the area median income as established by HUD. Rents that can be charged to these households are restricted according to a formula based on income figures for the area of the property.

Phoenix Revitalization Corporation
1122 E. Buckeye Road | Suite A-1 / Mailbox 4 | Phoenix, Arizona 85034
Office: (602) 253-6895 | www.phxrevitalization.org | E-mail: ahdp@phxrevitalization.org

PRC Office Hours
Monday through Thursday - 9:00 a.m. to 4:00 p.m.  (Phoenix Time)
Friday, Saturday, Sunday and Evenings by appointment.