Form Ho-0427 - Exhibit F Notification/request Of Nonrevenue Unit

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EXHIBIT F
NOTIFICATION/REQUEST OF NONREVENUE UNIT(S)
NOTIFICATION REMOVAL OF UNIT(S) IN ACCORDANCE WITH
REVENUE RULING 92-61 and REVENUE RULING 2004-82
(TREATMENT OF RESIDENT RENTAL PROPERTY)
(RESIDENT MANAGER, MAINTENANCE OR SECURITY OFFICER UNIT)
Property Name: ______________________________________________________________
Project Identification: TN___________
Unit(s) shall be designated as an employee unit or for use as common space as defined in section 42 of the
Internal Revenue Code: “Section 1.103-8(b)(4) of the Income Tax Regulations, facilities that are
functionally related and subordinate to residential rental units are considered residential rental property.
Section 1.103-8(b)(4)(iii) provides that facilities that are functionally related and subordinate to
residential rental units include facilities for use by the tenants, such as swimming pools and similar
recreational facilities, parking areas, and other facilities reasonably required for the project. The
examples given by section 1.103-8(b)(4)(iii) of facilities reasonably required for a project specifically
includes units for resident managers, maintenance personnel or model units. Accordingly, the unit
occupied by a resident manager is residential property for purposes of Section 42 of the Code.”
THDA allows one unit per property that does not require approval. Please provide the following for
each unit occupied by a Resident Manager, Maintenance, Security or Service Coordinator Personnel. The
first one noted should be the unit that THDA DOES NOT need to approve annually. The unit(s) after
should note ANY ADDITIONAL nonrevenue unit(s) needed. Supporting documentation must be
attached to support the property’s need for the additional removal of the unit(s) from the applicable
fraction in accordance with Section 1.103-8(b)(4).
M:drive/PC/Housing Credits/OACs
F - 1
HO-0427 (Created 12/13)

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