Audits

Purpose of Audits

Audits help make sure deed-restricted housing is being used fairly and as intended. They help protect access to housing for the community.

Authority to Audit

APCHA is allowed to conduct both Audits for Cause and Random Audits for homeowners in APCHA homes, as outlined in the APCHA Regulations.

Audits for Cause

Audits for Cause are done on a case-by-case basis when there is a reason to confirm that a homeowner is meeting qualification requirements.

Random Audits

Random Audits are used to confirm that homeowners continue to follow APCHA Regulations and their deed restriction. Homes are selected using a random program based on property addresses, not homeowner names.

If a homeowner receives a Random Audit letter from APCHA, the requested documents must be submitted within two weeks of the due date. Documents may be:

  • Delivered in person to APCHA’s office (18 Truscott Place, Aspen, CO 81611)

  • Faxed to 970-920-5772

  • Uploaded through HomeTrek

Documentation Typically Required

In most cases, homeowners will be asked to provide:

  • Completed 2025 federal and state tax returns, including all schedules (and business returns if applicable)

  • 2025 W-2s and/or 1099s

  • A 2025 business plan and profit and loss statement, if applicable

  • Pay records from the last three months

  • An Employment Income Verification Form (PDF) for each employer

Employment Income Verification Form

This form must be given to each employer for every homeowner living in the unit.
For example:

  • If one owner works for Aspen Valley Hospital, one form is required

  • If another owner works for City Market and the Pitkin County Library, two forms are required

Employers may return the form to APCHA in person or by fax.

Uploading Documents in HomeTrek

To upload documents:

  1. Sign in to HomeTrek

  2. Click your name in the upper-right corner

  3. Select Profile

  4. Choose Upload Files or Drop Files