Which of the following is NOT considered a proper income verification document for LIHTC?

In the context of Low-Income Housing Tax Credit (LIHTC) programs, proper income verification is crucial to determine eligibility for assistance. Options such as social security statements, tax returns, and pay stubs are all reliable sources of income verification. Social security statements provide evidence of income from Social Security, tax returns detail an individual's annual income, and pay stubs show regular earnings from employment.

Lease agreements, on the other hand, primarily serve as contracts outlining the terms of rental arrangements between tenants and landlords. While they may reflect rental amounts or duration of tenancy, they do not provide specific information about an applicant's income. As a result, lease agreements do not meet the requirements for verifying income in the context of LIHTC, making them the correct choice as not being a proper income verification document. Understanding this distinction is essential for ensuring compliance with the guidelines governing income verification processes in housing programs.