We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
State housing agencies incur expenses to monitor your site throughout the 15 years of the compliance period. The IRS allows the agencies to pass some of these expenses on to owners as “compliance monitoring fees.” As the manager of a tax credit site, you’re responsible for making sure the site’s compliance monitoring fees are paid on time. Although the fees may not be very high, the penalty for paying them late can be costly. And by paying late, you may also damage your relationship with your state housing agency.
