Due to the volume of reports received, NEF can no longer accept faxed or mailed submissions. Learn about how to submit documents.
Reporting Deadlines
Sample Documents
Reporting Information
The following information is required by NEF, Inc. Access the forms needed to fulfill your reporting requirements below.
Development period project status:
1. Owner’s Sworn Statement
2. Application for Payment page (AIA G702)
3. Architect’s Report, if available
4. Certificates of Occupancy (when delivered)
Reporting Begins:
After closing, at 1st full month and until development budget is fully paid out. If leasing continues after full pay-out, then Leasing Status page is to be sent until full occupancy is achieved.
Due Date:
Within 10 business days of project’s monthly draw meeting.
Financial report:
For investor reporting, as well as showing the financial and operational performance of completed projects.
1. Completion of NEF’s narrative page
2. Rent roll (include information on commercial space if applicable)
3. Year-to-date income statement
4. Balance sheet
Reporting Begins:
After one full quarter of operation or when project is 50% leased.
Due Date:
(Narrative page and end of year rent roll only)
Quarter 1: April 15
Quarter 2: July 15
Quarter 3: October 15
Quarter 4: January 15
Tax Matters Partner:
The general partner is responsible for making sure tax returns are filed on time and partnership financial statements are prepared.
Reporting Begins:
Year-end after partnership formation
Due Date:
Annually, 60 days after year-end, on February 28.
At Qualified Occupancy (QO):
NEF’s rent roll form, showing household sizes, number of bedrooms and incomes:
a. Rent roll
b. Owner’s Certification Form
c. Managing Agent’s Low Income Certification form
d. Qualified Income Levels form
Annually after QO Year:
A copy of annual certification required by the allocating agency.
Reporting Begins:
QO: When project reaches qualified occupancy (all qualified units have be leased)
Annually: Copy of certification submitted to allocating agency
Due Date:
QO: three weeks after sponsor is notified of reaching QO
Annually: at the same time the annual report is filed with allocating agency
Liability Coverage and General Property Insurance
1. Copies of policies or binders
2. NEF insurance payment form
Reporting Begins:
When Builders Risk is converted to permanent policy.
Due Date:
Within two weeks of policy expiration and new insurance is in effect.
