Which of the following is NOT a requirement for compliance reporting in LIHTC?

In the context of the Low-Income Housing Tax Credit (LIHTC) program, compliance reporting involves a series of requirements designed to ensure that properties meet various regulations and guidelines. Each of the required components aims to maintain the program's integrity and ensure that low-income tenants benefit from the housing provided.

The Owner's Certification of Continuing Program Compliance is essential as it serves as an official statement from the property owner affirming that the property complies with all applicable LIHTC program requirements. This certification must be submitted regularly, typically annually.

Annual project inspection reports are also a critical requirement. These inspections help to verify that the property is being maintained according to program standards and that it continues to serve eligible low-income households.

The affirmation of tax credit allocation is vital because it confirms that the credits allocated by the housing authorities are being properly utilized and reported in compliance with federal regulations.

In contrast, monthly tenant household income reports are not a specified requirement under LIHTC compliance reporting. Typically, tenant eligibility and income levels are assessed at the time of lease-up and then re-evaluated annually rather than on a monthly basis. This distinction highlights why this component is not necessary for compliance under LIHTC regulations, making it the correct choice in the context of this question