Operators of qualified residential projects will use this form to certify annually that their projects meet the requirements of IRC section 142(d). Operators are required to file this certification under section 142(d)(7). Operators must indicate on the form the specific "set-aside" test the bond issuer elected under 26 USC Section 142(d) for the project period. They must also indicate the percentage of low-income units in the residential rental project.
US Code:
26 USC 142(d)
Name of Law: Annual Certification of Qualified Residential Rental Project
PL:
Pub.L. 110 - 289 3010
Name of Law: Housing Assistance Tax Act of 2008
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.