TCAC developed a checklist in response to requests from project sponsors to sell or transfer ownership interests in existing tax credit projects. TCAC staff must perform a qualifications review to determine if sufficient project development and property management experience exists for the newly proposed owner and property management organization. TCAC regulations (Section 10320(b), 10325(c)(2), and Section 10326 (g) (5)) specifically identify general partner and property management experience requirements. In order to facilitate the qualifications review and provide a recommendation, TCAC staff has developed a checklist of required items that must be submitted to TCAC.