Laurin Associates prepares Placed-In-Service (PIS) packages for developers who have completed their LIHTC project. The Tax Credit Allocation Committee (TCAC) has expressed concern regarding the quality of the PIS packages they have been receiving, causing substantial delays in processing the packages so that the 8609s can be issued. Laurin works with developers to ensure that the PIS package is complete, accurate and of the quality that TCAC expects.
Laurin Associates has extensive experience in preparing TCAC Placed-In-Service packages and Housing and Community Development Studies, as well as experience providing Annual HOME Monitoring and HOME Project Administration services.
TCAC Placed-In-Service Packages
HOME Project Administration
Laurin Associates has provided administrative subcontractor services to several cities for HOME project administration. Additionally, we have developed a strong working relationship with the HOME representatives. Our services include, but are not limited to: preparing the Project Set-up Binder per HCD requirements; preparing monthly and annual reports; monitoring project milestones; preparing the Project Completion Report and Close-out Manual. Additionally, Laurin can provide the Davis Bacon prevailing wage monitoring required by HOME projects.
Annual HOME Monitoring
State recipients of HOME project grants are responsible for annual monitoring of HOME assisted rental projects to ensure the continued compliance with Federal and State laws. Laurin’s monitoring services include: noticing the project owner/manager and sending any requisite forms to be completed; performing a site visit and inspection; and tenant file reviews. We work with the owner and management to address any “Concerns” and “Findings” until all areas of concern have been addressed before submitting all requisite documents to HCD.
Housing and Community Development Studies
Housing and community development studies have been Laurin’s specialty for over 20 years. Our experience includes: housing conditions reports; household income surveys; and housing needs assessments.
TCAC / CDALC Applications
Laurin Associates has substantial experience preparing tax credit and tax exempt bond applications. Laurin works with the applicant to ensure that the application is structured to receive the maximum points possible, and that it meets all threshold and underwriting requirements. Laurin Associates can prepare applications from start to finish, or provide a thorough review of completed applications.