Centurion Management Company has been a pioneer in managing Low Income Housing Tax Credit (LIHTC) projects in Arizona for 17 years. We have significant experience in this highly specialized area of Affordable Housing.
Our Tax Credit Compliance Director, Greta Wood, attends yearly seminars from several organizations such as the Arizona Department of Housing, Theopro Compliance & Consulting with Ruth Theobald and Spectrum Seminars with Steve Rosenblatt, to keep updated on any new regulations and/or changes in the program and the way that Arizona interprets the LIHTC program. She has also obtained the designation of “Certified Credit Compliance Professional (C3P).
Ms. Wood reviews each file for compliance before a tenant is moved in and also completes the yearly Annual Report that is required by the Arizona Department of Housing. Additionally, she oversees all audits from the Arizona Department of Housing. Initial move-in certifications are executed following all IRS Section 42 regulations for tax credit projects and the HUD Handbook 4350.3 manual guidelines.
CMC’s affordable housing staff regularly attends Tax Credit workshops and various training sessions sponsored by the AZ Department of Housing to ensure that all the latest regulations, laws and best practices are utilized and complied with.
Additionally, we have always maintained a very positive relationship with the Limited Partner, SunAmerica, in all of our Tax Credit Properties.
Centurion Management Company has never experienced any possible Tax Credit Recapture issues.