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FDIC Affordable Housing Disposition Program (AHDP)
Arizona - Colorado - Connecticut - Indiana - Ohio - Massachusetts - Missouri


Phoenix Revitalization Corporation (PRC) has been assigned the monitoring responsibilities by the Federal Deposit Insurance Corporation (FDIC) for properties in; Arizona, Colorado, Connecticut, Indiana, Ohio, Massachusetts and Missouri. We monitor compliance with the FDIC Land Use Restriction Agreement (LURA) and help ensure the preservation of affordable housing by maintaining rental opportunities for low income and very-low-income households.

It is our goal to assist with program compliance.  Important information about the AHDP program, annual report requirements and resources for property owners and managers are available from the links listed below.  Please contact a PRC team member if you have any questions.

 

AHDP Income and Rent Limits

 


2020 INCOME AND RENT LIMITS HAVE ARRIVED


  Arizona
Apache County
2020 2019 2018 2017
Cochise County
2020 2019 2018 2017
Maricopa County
2020 2019 2018 2017
Pima County 2020 2019 2018 2017
  Colorado
Denver – Aurora – Lakewood Metro Area 2020 2019
El Paso County 2020 2019
Garfield County 2020 2019
  Mesa County 2020 2019
         
  Connecticut        
Norwich – New London Metro Area 2020 2019 2018  
Stamford – Norwalk Metro Area 2020 2019    
         
  Indiana        
Indianapolis – Carmel – Anderson Metro Area 2020 2019 2018 2017
         
           
  Massachusetts        
Boston – Cambridge – Newton Metro Area 2020 2019    
         
         
  Missouri        
St Louis Metro Area 2020 2019 2018  
Kansas City Metro Area 2020 2019    
         
  Ohio        
Columbus Metro Area 2020 2019 2018 2017
Toledo Metro Area 2020 2019 2018 2017
         
         
 

AHDP Program Requirements
 


AHDP REQUIRED FORMS
Annual Report Checklist
Verification of Information (VOI)
Owner Certification of Program Compliance
Part A - Compliance Report Summary - Excel | PDF
Part B - Unit Status Report - Excel | PDF
Tenant Income Certification (TIC)
Lease Addendum
Tenant Release and Consent

AHDP Required Forms Effective 02/20/2020


SAMPLE FORMS

Employment Verification
Telephone Employment Verification
Child Support and Alimony Verification
Certification of Zero Income

*Sample forms are for optional use


Property Owner's Manual
   
  Chapter 1 - Introduction
  Chapter 2 - Multifamily Property Requirements
  Chapter 3 - Achieving Compliance
  Chapter 4 - Determining Income Eligibility
  Chapter 5 - Rent and Lease Requirements
  Chapter 6 - Reporting, Record-Keeping, and Administrative Requirements
  Chapter 7 - Financial Infeasibility Waiver
  Chapter 8 - Compliance Procedures for Condominium Bulk Purchases
  Chapter 9 - Compliance Procedures for Single Family Bulk Sales to Public Agencies and Nonprofits
  Appendix C - Guide For Determining Annual Income
   
  All Chapters in PDF Format

AHDP Program History

The RTC Affordable Housing Disposition Program was established by section 501 of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989. Regulations governing the AHDP were issued in April 1990, with the basic statutory obligation being to ensure the preservation of affordable housing by providing home ownership and maintaining rental opportunities for moderate-income, low-income, and very-low-income households. The two components of the AHDP are the Single-Family Program and the Multi-Family Program. In 1991, with the extensive amending of FIRREA by the Resolution Trust Corporation Refinancing, Restructuring, and Improvement Act (RTCRRIA), the RTC added condominium units to the AHDP and generally treat them as single-family properties.

The RTC classifies households as low-income when their income does not exceed 80 percent of the area median income as established by the U.S. Department of Housing and Urban Development (HUD). The RTC classified very-low-income households as those with income that does not exceed 50 percent of the area median income as established by HUD. Rents that can be charged to these households are restricted according to a formula based on income figures for the area of the property.

PRC FDIC Monitoring Team

Eva O. Olivas / Executive Director & FDIC AHDP Compliance Monitor
Julia Duran / AHDP Director - FDIC AHDP Compliance Monitor
Patricia Blaisdell / FDIC AHDP Compliance Monitor
Sonia Tilton / FDIC AHDP Program Assistant


PRC Monitoring Agency Contact Information

Phoenix Revitalization Corporation
1122 E. Buckeye Road | Suite A-1 / Mailbox 4 | Phoenix, Arizona 85034
Office: (602) 253-6895 | www.phxrevitalization.org | E-mail: ahdp@phxrevitalization.org

PRC Office Hours
Monday through Thursday - 9:00 a.m. to 4:00 p.m.  (Phoenix Time)
Friday, Saturday, Sunday and Evenings by appointment.

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