Newly Placed In Service (PIS)

Placed in Service (PIS)

A building is placed in service for LIHTC purposes when it is ready for its intended purpose. For new construction or when existing buildings are being used for housing for the first time, this is generally the date when the first unit in a building can legally be occupied. Generally, this happens when a building receives a certificate of occupancy (CO) or similar. DCA/GHFA should be notified using a Placed In Service Notification no later than 30 days after the first building in your development is placed in service. This section will properly walk you through the documentation needed.

Please see DCA's LIHTC & HOME Compliance Manual (released March 2024) for additional reference and information.