Ensuring LIHTC Compliance at Year-End (including Average Income Reporting)

Experienced LIHTC managers and compliance professionals all know the importance of the last day of the tax year (normally December 31). This three-hour live webinar will focus on all the issues to be aware of as the year draws to a close, with recommendations on how to ensure compliance at year-end and the ramifications of noncompliance. The discussion will center on the three primary compliance areas impacting the ability to claim credits – eligibility, affordability, and habitability. The training will stress the importance of year-round compliance relative to rent since excess rent at any point in the year can result in a credit loss. Included in the discussion will be a review of the unique reporting requirements relating to the Average Income Minimum Set-Aside. The session will close with a review of casualty loss issues and how these events may (or may not) impact the credits.