Resources

Withdrawal Request Forms

IHDA maintains reserve and escrow accounts for IHDA-financed developments. These include real estate tax and insurance escrows and replacement reserve accounts.  Property managers who wish to withdraw funds from their IHDA-held reserve/escrow accounts are required to submit a reserve account withdrawal form, including the purpose of the withdrawal and sufficient back-up documentation.

Mandatory Training

IHDA’s Asset Management department conducts property management training throughout the year for on-site managers, management agents and owners of IHDA-financed developments to assist them with compliance requirements. Generally, each IHDA-financed property is required to send staff to a training every three years in order to remain up-to-date on compliance requirements. Details of trainings, when available, can be found in Management Bulletin #387 and Management Bulletin #388 or in the Info Center of this section under Calendar of Events.

Rent and Income Limits

Property managers should refer to the most current rent and income limits set by HUD to determine a tenant's eligibility and are advised to utilize the rent worksheets and schedules in the Info Center of this section under Frequently Used Forms and Documents.

Management Agreement Extensions

IHDA-financed developments are required to have a current, signed management agreement with IHDA at all times. The Management Agreement Extension (No Fee Increase) form should be used to extend a management agreement term and the Management Agreement Extension (Fee Increase) should be used to reflect a change in fees.