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Index • • to share inspection information. Also, we will accept HRA HQS inspections done in the same year as our review. If inspected by Minnesota Housing Tax Credit Compliance staff, inspection will be pursuant to Uniform Physical Conditions Standards. Minnesota Housing reserves the right to conduct a review of any building after serving appropriate notice and to examine all records pertaining to rental of tax credit units. Minnesota Housing may perform a review at least through the end of the Extended Use Period of the buildings in the project. 4. Annual Monitoring Fees. The amount of annual compliance monitoring fees is $15 per unit since inspections are less frequent and are done on a smaller number of units. The agency reserves the right to adjust the fee due to changing circumstances. Fees are due at the same time as the Annual Certification and Summary Report. 5. Properties with HUD or Rural Development. No Housing Tax Credit inspections or fees will be required for properties with project -based Section 8, Rural Development or other HUD programs since these properties are already subject to inspections and consequences under those programs are in place. Owners will only be required to submit the Owner's Certification of Continued Monitoring of Federal Program (HTC 12(Y15A)), indicating whether or not the property is subject to monitoring for such federal programs and identifying the date of the most recent inspection review. This certification is due on February 15th or the next business day. If a property is no longer subject to monitoring for HUD and /or Rural Development programs, then the property must be placed back on the Housing Tax Credit monitoring schedule. If the development is placed back on the Housing Tax Credit monitoring schedule, Minnesota Housing will resume all compliance monitoring activities, including charging a fee for monitoring. The timing of the next review will be based on the last inspection conducted by Rural Development, HUD or its Contract Administrator. 6. Transfer of Ownership or Ownership Interest. A transfer agreement is required in the event of a transfer of ownership or ownership interest. Such transfer agreement will put the new owner or partner on notice that it is subject to the terms of the Declaration including all compliance restrictions and annual compliance monitoring. Documentation of signatory authorization for the new owner or partner may be requested. Owners contemplating transfers of ownership or ownership interest should notify Minnesota Housing and request a copy of the appropriate transfer agreement. 7. Expiration or Termination of Extended Use Period. During the 3 -year period after the Declaration has expired or terminated pursuant to IRC Section 42(h)(6)(E)(ii), owners are required to annually submit the HTC 13 listing all low- income households that occupied a unit at the end of the term of the Declaration, the respective tenant -paid rent, utility allowance, and move -out date, if applicable, along with a certification that no low- income residents have been evicted or displaced for other than good cause. This report and certification will be due on February 15th or the next business day. No Minnesota Housing - Housing Tax Credit Compliance Manual 170