15 Ark. Code of Rules § 86-204

Tenant files

In Force
Verified 10/22/2026 · Next check 10/29/2026
effective 10/22/2026ArkansasLIHTC (IRC §42)

Operative Text

15 Ark. Code of Rules § 86-204
15 CAR § 86-204. Tenant files.
(a)(1) The Arkansas Development Finance Authority requires files to be maintained in a consistent order.
(2) The authority’s staff will randomly select and review at least twenty percent (20%) of current tenant files, as required by the Internal Revenue Service.
(3) First-year tenant files must also be available on site for review.
(b) The authority’s staff will conduct a thorough examination to:
(1) Ensure that all documents are completed, signed, and dated by all appropriate parties;
(2) Compare tenant files to WCMS data entries;
(3) Review initial Tenant Income Certifications;
(4) Review executed leases for:
(A) The initial lease term of six (6) months or longer; and
(B) For rents charged for each LIHTC unit;
(5) Review signed authorization for release of income, employment, and asset information;
(6) Review and document annual income, subsidized rent, tenant contribution, utility allowance, and gross rent for compliance with LIHTC program limits;
(7) Ensure that third-party income verifications are completed, signed, and dated by all parties;
(8) Ensure that appropriate asset income verifications are used;
(9) Ensure that income recertifications are completed within the twelve-month period;
(10) Review original tenant applications;
(11) Review student eligibility guidelines;
(12) Review unit inspection forms (unit inspections are recommended quarterly) and maintenance records; and
(13) Review tenant complaint forms, responses, and other correspondence.
(c)(1) The authority recommends the use of files divided into sections as follows with the latest information on top.
(2) This list is not meant to be all-inclusive.
(d) Section I — Eligibility.
(1) Original signed tenant application.
(2) Credit check.
(3) Criminal background check.
(4) Check of landlord references.
(5) Copy of birth certificate, if applicable.
(6) Copy of driver’s license or other photo ID, if applicable.
(7) Copy of Social Security card, if applicable, or Social Security number or alien registration number.
(e) Section II — Certification.
(1) Move-in Tenant Income Certification.
(2) Affidavit of alimony or child support.
(3) Authorization of release of information/disclosures.
(4) Real estate verification.
(5) Worksheet and calculator tape supporting determination of resident eligibility.
(6) Statement of student status, if applicable.
(7) Third-party verifications of income.
(8) Tax returns or other self-employment verification, if applicable.
(9) Social Security payment letters.
(10) Zero income statement, if applicable.
(11) Worksheet of basic needs contribution, also known as certification of daily needs.
(12) Bank statements.
(13) Asset statements and verifications.
(14) Telephone conversation reports clarifying third-party verifications or other similar circumstances, if applicable.
(15) Annual signed recertifications.
(16) Each year's recertification packet should be separated with a sheet of colored paper.
(f) Section III — Occupancy.
(1) Signed leases.
(2) Lease addendums (e.g., LIHTC requirements, smoke detector rules, etc.).
(3) Site rules and regulations.
(4) Security deposit rules.
(5) Pet information/signed agreement.
(6) Rent and income limits for each year of compliance.
(7) Copy of annual utility allowances for each year of compliance.
(8) Current amount of rental assistance payments.
(9) Current amount of rent paid by tenant.
(10) Copies of tenant's checks or receipts, if applicable.
(11) Signed tenant agreements.
(g) Section IV — Correspondence.
(1) Correspondence between tenant and manager.
(2) One hundred twenty-day, ninety-day, sixty-day, and thirty-day recertification notices.
(3) Thirty-day notice of rent increase.
(4) Copy of signed warning notices.
(5) Inspection notifications.
(6) Any brochures (e.g., guide to keeping unit clean).
(7) Permission to enter forms.
(h)(1) Section V — Maintenance.
(A) Proof of move-in inspection signed by tenant and manager.
(B) Proof of quarterly unit inspections and maintenance requests.
(C)(i) Form for maintenance calls for repairs needed or requested.
(ii) Nonemergency repairs must be made within thirty (30) days.
(iii) Life/health/safety repairs must be completed within twenty-four (24) hours.
(D) Copies of work orders.
(E) Copies of receipts or proof of completion.
(F) Proof of move-out inspection signed by tenant and manager.
(2) The above-mentioned documents under subdivision (h)(1) of this section may also be maintained in a separate unit maintenance folder.
Source: Legislative text reproduced verbatim
Plain English

Section 86-204 of the Arkansas Code of Regulations establishes detailed requirements for how tenant files must be organized, maintained, and made available for review at Low-Income Housing Tax Credit (LIHTC) properties overseen by the Arkansas Development Finance Authority. The rule specifies that at least 20% of current tenant files will be randomly selected and reviewed by authority staff, consistent with Internal Revenue Service requirements. Files must be organized into five defined sections — Eligibility, Certification, Occupancy, Correspondence, and Maintenance — and must contain specific documents such as income certifications, signed leases, third-party verifications, and inspection records. Maintenance records under this provision also reflect repair timeframes: non-emergency repairs within 30 days and life, health, or safety repairs within 24 hours.

Written by anthropic/claude-sonnet-4.6 · Reviewed on October 22, 2026

Plain English — not legal advice.

For Property Managers

Operators of LIHTC properties subject to 15 Ark. Code R. pt. 86 § 86-204 generally maintain tenant files in the five-section structure outlined by the Arkansas Development Finance Authority, with the most recent documents placed on top in each section. Compliant operators ensure that all certifications, third-party verifications, leases, and inspection forms are fully completed, signed, and dated, and that file contents align with data entered in the WCMS system. First-year tenant files are kept on-site and accessible for review, and maintenance records reflect adherence to the 30-day non-emergency and 24-hour life/health/safety repair timeframes specified in the regulation.

General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.

For Tenants

Tenants living in LIHTC housing in Arkansas have an interest in knowing that 15 Ark. Code R. pt. 86 § 86-204 requires property managers to maintain detailed records about their tenancy, including signed leases, income certifications, inspection forms, and correspondence. The regulation also requires that non-emergency repairs be completed within 30 days and life, health, or safety repairs within 24 hours, and that records of these repairs be kept in the tenant file. Tenants who believe their property is not being managed in compliance with these file and maintenance requirements may consider reaching out to the Arkansas Development Finance Authority or a local tenant-rights organization for guidance on available options.

General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.

Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.

Effective Timeline

Current
Oct 22, 2026
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References Out

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References In

Rules and statutes that cite this regulation

15 CAR § 86-205
15 CAR § 86-308
15 CAR § 86-410
15 CAR § 86-310

Related Rules

§ 1.42-0
§ 1.42-0 Table of contents.
§ 1.42-0T
§ 1.42-0T Table of contents.
§ 1.42-1
§ 1.42-1 Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency.