Marketing, Lease-Up, Close-out, Placed-In Service / Form

In collaboration with property management, 3-wB Group will evaluate each building and the delivery of tax credits based on the Issue Certificate of Occupancy (CoC) and/or finished construction as applicable, to ensure that the project is successfully brought to market in a timely matter to maximize receipt of the available tax credits being allocated. 

In working in conjunction with the owner’s representative construction manager and property management; Within one (1) year of completion:

• Develop Three (3) Phase Marketing Plan, obtain Sponsor approval.
• Start production for Phase 1 of Marketing Plan.

Within six (6) months of construction completion:

• Verify “wish list” items for contingency source of funds is appropriately allocated.
• Start check list with Sponsor accounting firm, or other certified public account as approved, to commence with Placed-In-Service**.
• Obtain and review tenant compliance report 
• Phase 2 of Marketing Plan

Within three (3) month of construction completion:

• Confirm tenant compliance report and action to target residence types needed to satisfy tax credit requirements
• Phase 3 of Marketing Plan

**After project’s construction or rehabilitation completion and within the first year of being on-the market, the owner must submit a placed in service (PIS) package to TCAC for review. This deadline is applicable to all TCAC awarded projects.