Acquisition/Rehab of LIHTC Projects - Critical Issues for Success

This 1.5-hour session focuses on the issues that are critical to the success of any LIHTC acquisition/rehab project. The training focuses on tenant qualification, unit qualification, and first-year credit delivery. There will be a full discussion of determining the first year applicable fraction, differentiating between the acquisition credit and rehab credit, transferring households between units during rehab, temporary relocation, the timing of resident qualifications, the meaning of the “safe-harbor” rule, resyndication and previously qualified households, and 8609 issues.