Get the free phfa form 58

Unfortunately, as of my knowledge cutoff in October 2021, there is no publicly available information about a PHFA Form 58. It is possible that it could be a form specific to a particular organization or agency, such as the Pennsylvania Housing Finance Agency (PHFA). However, without more context or specific details, it is difficult to provide a more accurate answer. If you are referring to a specific form related to a certain organization or agency, it is advisable to contact them directly for more information.

Form 58 is a document used by the Pennsylvania Housing Finance Agency (PHFA) for the purpose of reporting and monitoring income associated with projects funded by the agency. It is specifically meant for owners or managers of affordable housing projects that receive funding or support from the PHFA. Form 58 gathers information about the income and household composition of residents in these projects, helping the PHFA ensure compliance with program requirements, track the demographics of occupants, and assess the need for affordable housing in the state.

PHFA Form 58, also known as the Pennsylvania Housing Finance Agency Cost Certification, requires the following information to be reported: 1. General project information: This includes details about the project name, address, PHFA loan number, the name of the project owner, developer, architect, contractor, and any other key parties involved. 2. Project costs: The form requires a breakdown of all costs associated with the project, including acquisition costs, construction costs, soft costs (e.g., architectural fees, permits, etc.), financing costs, and any other relevant expenses incurred. 3. Sources of financing: The form asks for a detailed summary of all sources of financing utilized for the project, including loans, grants, tax credits, equity contributions, and any other form of financing. 4. Construction contract information: This section requires details about the project's construction contract, such as the contract date, name of the contractor, contract value, and any associated change orders or amendments. 5. Construction progress: The form requests information on the percentage of completion for each construction component (e.g., site work, foundations, framing, mechanical systems, final finishes, etc.), as well as the corresponding costs incurred. 6. Construction draws: This section requires a summary of all construction draws made from the loan proceeds and disbursed to the contractor. It should include the date, amount, and a brief explanation of each draw. 7. Soft costs and financing costs: Any soft costs or financing costs incurred during the project should be itemized and reported, including architectural fees, engineering fees, legal fees, interest charges, etc. 8. Sales and lease-up data: For projects involving sales or lease-up of units, the form asks for information on the number of units sold or leased, the sales/lease-up prices, as well as any concessions offered. 9. Constructed improvements: A detailed list of all completed improvements, along with their description and cost, needs to be provided. 10. Documents and certifications: The form may require the submission of relevant supporting documents, such as draw requests, invoices, contracts, lien waivers, certificates of completion, etc. Note: This information is based on general guidelines and may vary based on specific requirements of the Pennsylvania Housing Finance Agency (PHFA). It is advisable to refer to the official PHFA Form 58 and any accompanying instructions for accurate and up-to-date reporting requirements.

The penalty for late filing of PHFA Form 58 (also known as the Pennsylvania Housing Finance Agency's Income and Expense Statement) can vary depending on the circumstances and jurisdiction. It is advisable to consult with a tax professional or directly contact the PHFA to obtain accurate and up-to-date information on any penalties associated with late filing.

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