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Residual Receipts

Residual receipts loan compliance is an essential element in preserving and increasing affordable housing in the City of San Diego. Pursuant to the terms and provisions of Residual Receipts loans, owners are required to submit reports and records annually to the Housing Commission. The required reports and records are included in the annual compliance checklist below.

We recently revised the Residual Receipts Computation form. The new computation form is now a formulated excel workbook designed to allow owners to input specific line items from their financial statements resulting in a computation of the residual receipts due. It is important each of the seven worksheets in the computation form be completed in their entirety. The new computation form will allow the Housing Commission to better analyze the stability of the projects in our loan portfolio.

The residual receipts computation form, annual compliance checklist and a definition of residual receipts can be accessed through the links below:

• Annual Compliance Checklist/Cover page
• Residual Receipts Computation Form
• Definition of Residual Receipts

In an effort to continue the support of environmentally friendly procedures, we ask that you submit the residual receipts annual compliance documents electronically via email to residualreceipts@sdhc.org. You may also submit the documents in hard copy to:
                                                                     San Diego Housing Commission
                                                                         Real Estate Department
                                                                      Attention: Loan Management
                                                                        1122 Broadway, Suite 300
                                                                         San Diego, CA 92101

If you have questions regarding the residual receipts compliance requirements, please contact Carrie Tapia at (619) 578-7497 or at residualreceipts@sdhc.org.