File Services
JHS has audited resident files since 1996. Our specialties include: Low Income Housing Tax Credit (LIHTC), Project Based Section 8, HOME, and Tax Exempt Bond programs.
We start with a review of the regulatory agreements for your property, help you design systems to ensure compliance as you enter into affordability periods, and we work with investors to deliver the returns promised. File audits include one-on-one training and follow up with staff to ensure deficiencies are corrected.
First Year Tax Credit Projects
Complete, accurate first year resident files are crucial for taking tax credits. If documentation is missing from first year files or if first year households do not qualify, it jeopardizes the ability to take tax credits. Janken Housing Solutions focuses primarily on properties in Minnesota. We are very familiar with the requirements of local monitoring agencies.
Applicant Pre-Approval and Certifications/Recertifications
We review applications, verifications, other supporting documentation, and complete your annual reports for you. We can generate calculation worksheets and Tenant Income Certifications. With pre-approvals, it reduces the chances of noncompliance due to missing documentation, incomplete verifications, and over-income households.
File Reconstruction
Do your files make you want to cry? Is your investor or monitoring agency requiring that you obtain additional documentation to show your households qualify? It is important to find and correct noncompliance before your monitoring agency contacts you to schedule a compliance audit. If you can show that a household was qualified through obtaining retroactive documentation, you might avoid being reported to IRS. We can help you reconstruct missing information. We cannot guarantee correction of all noncompliance, but in most cases we can obtain documentation to show households met the income guidelines and other program regulations.
We start with a review of the regulatory agreements for your property, help you design systems to ensure compliance as you enter into affordability periods, and we work with investors to deliver the returns promised. File audits include one-on-one training and follow up with staff to ensure deficiencies are corrected.
First Year Tax Credit Projects
Complete, accurate first year resident files are crucial for taking tax credits. If documentation is missing from first year files or if first year households do not qualify, it jeopardizes the ability to take tax credits. Janken Housing Solutions focuses primarily on properties in Minnesota. We are very familiar with the requirements of local monitoring agencies.
Applicant Pre-Approval and Certifications/Recertifications
We review applications, verifications, other supporting documentation, and complete your annual reports for you. We can generate calculation worksheets and Tenant Income Certifications. With pre-approvals, it reduces the chances of noncompliance due to missing documentation, incomplete verifications, and over-income households.
File Reconstruction
Do your files make you want to cry? Is your investor or monitoring agency requiring that you obtain additional documentation to show your households qualify? It is important to find and correct noncompliance before your monitoring agency contacts you to schedule a compliance audit. If you can show that a household was qualified through obtaining retroactive documentation, you might avoid being reported to IRS. We can help you reconstruct missing information. We cannot guarantee correction of all noncompliance, but in most cases we can obtain documentation to show households met the income guidelines and other program regulations.