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What to Expect
This interactive course takes a deep dive into the laws and regulations governing the Low-Income Housing Tax Credit program. Through detailed explanations, real-world scenarios, and practical exercises, participants will gain a solid understanding of how to maintain compliance and why it is vital for project success.
Monitoring overall project compliance is one of the most intricate aspects of LIHTC administration. Our trainer will break down challenging topics such as annual credit calculations, income and rent limit determinations, and compliance with minimum set-asides and deep targeting. The training also covers essential standards for household eligibility and critical reporting requirements to ensure ongoing adherence to IRS guidelines.
Topics Covered
- Calculating earned income, unearned income, and income from assets
- Leasing requirements and student eligibility
- Managing project set-asides and eligible basis
- Determining rent limits and applying utility allowances
- Implementing best practices to stay in full compliance
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