The California Tax Credit Allocation Committee (CTCAC) has announced a policy change related to the U.S. Housing and Urban Development’s tenant income collection (TIC) initiative. Beginning January 1, 2011, LIHTC property owners will be required to use one of two forms posted on CTCAC’s Web site to provide the TIC data. Owners must use the Tenant Income Certification with Supplemental Information Form for all new households who move in on or after January 1, 2011. For households residing in units on or before December 31, 2010, owners may use the Supplemental Information Form for Existing Households at all LIHTC properties. Read More…