Compliance glossary
Plain-language definitions of common affordable housing compliance terms.
A
- AMI
- Area median income. An income measure used to establish eligibility and rent limits for many affordable housing programs.
- AUR
- Available Unit Rule. A LIHTC rule governing the rental of available units after a qualified household becomes over-income.
E
- EIV
- Enterprise Income Verification. HUD's system for income information used in eligibility verification for applicable assisted housing programs.
H
- HOME
- HOME Investment Partnerships Program. A federal program that provides funding to participating jurisdictions for eligible affordable housing activities.
- HOTMA
- Housing Opportunity Through Modernization Act. Federal legislation that changes income and asset requirements for covered housing programs.
L
- LIHTC
- Low-Income Housing Tax Credit. A federal tax credit program supporting rental housing subject to income and rent restrictions.
N
- NAUR
- Next Available Unit Rule. Another name used for the LIHTC Available Unit Rule.
- NHTF
- National Housing Trust Fund. A federal program supporting affordable housing for extremely low-income households.
T
- TIC
- Tenant Income Certification. A record of household information and income used to document eligibility under applicable housing requirements.
- TRACS
- Tenant Rental Assistance Certification System. HUD's system for processing tenant certification and assistance payment information for covered multifamily programs.