1. (a)

   1. (1) Because the LIHTC program uses special definitions for income, assets, and household composition, standard property management application forms may not collect sufficient information to determine tenant eligibility.

   2. (2) A comprehensive housing application is critical to the accurate identification of:

      1. (A) Full-time students;
      2. (B) All assets; and
      3. (C) Anticipated income sources.
   3. (3) An updated sample application form is included in this part.

2. (b)

   1. (1) Owners or managers must review all information furnished on the fully completed Application for Housing, including any supplementary historical documents (i.e., most recent 1040 tax form, divorce decree, etc.).

   2. (2) The application procedure must include an interview with all adult household members to:

      1. (A) Review the application and historical documents; and
      2. (B) Clarify any discrepancies or missing information.
   3. (3) For example, if the 1040 form and W-2 forms show two (2) employers but the application only lists one (1), owners must ask about the second job and confirm its termination.

3. (c)

   1. (1) One (1) application signed by all coapplicants should be submitted per household.
   2. (2) Nonrelated roommates should submit separate applications.
   3. (3) If a delay of ninety (90) days occurs between application and move-in, the owner or manager must take another application.

Codification Notes: "LIHTC" means low-income housing tax credit.