MESSAGE BOARD Updated 04/03/24

1. Annual Report: Next period is 01/01/24 - 12/31/24 due by 01/31/25. Reports are not accepted prior to the period end date of 12/31/24. Submit timely to avoid penalties or further action.

2. Monthly / Bi-Monthly Reports:  Due by the 7th following the period end date.  See schedule below.

3. Annual Monitoring Fees:  The 2025 fees are due by 01/15/2025.  Submit timely to avoid penalties or further action.

4. AHDP Forms: You are required to use the FDIC Program forms posted on our website. 

5. Site Reviews (2024): Conducted if your LURA requires 10 or more set aside units. See checklist below.

6. FDIC / AHDP Training: Free registration is available on our website below. Training is NOT available from 12/16/24 through 01/10/25. 

7. Extensions: Not Provided

8. 2024 Income / Rent Limits:  Recieved and Posted as of 04/03/24

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, South Carolina and North 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.

ANNUAL Report:
Due:
Checklist Form:

MONTHLY Report:
Due:
Checklist Form:

BI-MONTHLY Report:
Due:
Checklist Form:

The report period is 01/01 – 12/31 each year:
01/31 each year for the previous year.
Click Here

The report period is monthly each year
7th of the following month.
Click Here

The report period is bi-monthly each year
7th of the following month of period end.
Click Here

Via Email:
ahdp@phxrevitalization.org

WeTransfer Link:
https://phxrevcorp.wetransfer.com

Drop Off:
Schedule appointment (602) 253-6895

Mail:
Phoenix Revitalization Corporation
1122 E. Buckeye Rd.
Suite A1 / Mailbox 4
Phoenix, AZ 85034

Due by January 15th each year.
Submit your payment timely to avoid penalties. 

Submit to:
Phoenix Revitalization Corporation
1122 E. Buckeye Rd.
Suite A1 / Mailbox 4
Phoenix, AZ 85034

A Site Review is scheduled for your property if your LURA requires (10 or more set aside units).

Site Review Checklist Here

AHDP FORMS

You are required to use the FDIC Program forms for all reporting as posted below. 

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/

Training is available for all property owners and managers. There is no fee for training. Training is NOT available from 12/21/23 through 01/07/2024. Trainings run typically 1 - 1 1/2 hours long. Multiple people can join the trainings.

Click Here to request a training Here

This option is no longer available for any property report (Annual, Bi-monthly and Monthly) or for submitting the payment for the Annual monitoring fees. Submit timely to avoid penalties or further compliance actions.

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.

Eva O. Olivas / Executive Director & FDIC-AHDP Compliance Monitor
Patricia Blaisdell / FDIC-AHDP Compliance Monitor
Jay Olivas / Chief Operations Officer
Rachel Johnson / Cheif Financial Officer
Jasmine Lugo / FDIC Compliance Monitor
Irene Corrales / Executive Assitant
Jett Johnson / FDIC-AHDP Program Assistant

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.