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JLAC directs auditor to audit Arizona Department of Housing and state low-income housing tax credit program
Summary
The Joint Legislative Audit Committee voted to commission a special audit of the Arizona Department of Housing focusing on administration of the state low-income housing tax credit program and the program's physical and market effects.
The Joint Legislative Audit Committee voted to authorize a special audit of the Arizona Department of Housing that will review how the department administers the state low-income housing tax credit (LIHTC) program and evaluate the physical results of projects and the program's effect on the housing market.
Auditor General Lindsay Perry told JLAC that the office received a legislative request (in the meeting packet) asking the Auditor General to analyze policies and procedures used by the Department of Housing to manage the LIHTC program for fiscal years 2020 through 2025 and to examine the physical results and market impact. Perry recommended conducting the special audit in conjunction with the department's sunset review — a step she…
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