Change 4 to the 4350.3 HUD Handbook for LIHTC Projects
At long last, HUD has issued Change 4 to the 4350.3 Handbook. HUD is making numerous changes to and providing clarification of many of its policies, but only a portion apply to the compliance requirements of the low income housing tax credit (LIHTC) program. Through this 90 minute interactive webinar, hear about the big change HUD has made regarding the treatment of foster children and foster adults. Learn what HUD is saying about verification requirements. And, yes, HUD addresses the confusion about how owners and managers should treat an investment vehicle when calculating annual income for a resident who has begun to receive periodic payments through that investment. And, let’s talk about VAWA. We will discuss some tips for LIHTC owners about how to comply with VAWA from recent HUD guidance.
New Topic: Legally married gay couples qualify for the married exemption under the student rule.
Date: Thursday, September 12, 2013
Time: 1:00 PM – 2:30 PM, Eastern Time
Resyndicating an Existing LIHTC Project
Owners are resyndicating older LIHTC projects. But when they do, what rules apply? Is there a new credit and compliance period? What income limits apply, and how much rent may the owner charge? And what happens with the existing residents? What does the owner do with a resident who originally qualified for the LIHTC program but is now over-income? Do the rules differ for the oldest of LIHTC projects where the original owner never agreed to an extended use period? Find out the answers to these and other questions by participating in this 2-hour interactive seminar on resyndicating existing LIHTC projects.
The webinar is a 2-hour discussion of the rules that apply when an owner resyndicates an existing LIHTC project. Bring your questions about a project you are resyndicating to class.
Resyndicating an Existing LIHTC Project is an intermediate level course. It is assumed that anyone registering already has a working knowledge of the LIHTC program.
Date: Tuesday, September 24, 2013
Time: 12:00 PM – 2:00 PM, Eastern Time
Planning the Lease-Up for Your LIHTC Project Webinar
Are you responsible for planning the lease-up for an LIHTC project? Do you know how to strategize your project’s lease-up so it produces the LIHTC as expected and when promised to the investors? If you answered yes to either question, this class is for you. Learn how to plan the lease-up for new construction or an acquisition/rehab project. Develop an understanding of how to apply the rules for the LIHTC program when planning to lease-up a bond-financed property or when you are resyndicating an existing LIHTC community.
Date: Tuesday, October 15, 2013
Time: 12:00 PM – 4:00 PM, Eastern Time
Maximizing Your Acquisition/Rehab LIHTC Project NYC
The same rules apply to LIHTC projects a developer buys and rehabs as to those they build from scratch. But acquisition/rehab projects are more complicated to take through the allocation process and to place in service because there are more moving parts in play, all of which can impact the value of the tax credits. Unique in the marketplace, Maximizing Your Acquisition/Rehab LIHTC Project provides guidance for developers, syndicators, asset managers, property managers and LIHTC agency officials on how to manage and track all those moving parts, including the existing residents, so that a project produces its maximum tax credit.
Maximizing Your Acquisition/Rehab LIHTC Project is an advanced level class on the LIHTC program. It is assumed that someone registering for this class has a strong understanding of the LIHTC program, and is comfortable applying its rules for both development and compliance in order to learn how an acquisition/rehab project produces its maximum possible credit.
Bring a calculator to class.
Date: Thursday, October 24, 2013 at the Downtown Conference Center
Time: 9:00 AM – 4:30 PM, Eastern Time
Demonstrate your knowledge by taking the exam to become a certified Acquisition Rehab Expert (ARE®). We recommend taking the exam soon after you participate in the seminar as the surest way to insure your success. Register to take the exam by clicking on ARE®.
Managing a HOME/LIHTC Project
This webinar has been updated to reflect the changes implemented through the new final rule for the HOME program issued by HUD in July 2013.
More than one-half of the LIHTC projects nationwide have HOME funding. Owners and managers must know how to plan and operate these projects so they comply with the requirements of the HOME program while also meeting their investors’ goals and producing the maximum possible tax credit. This interactive webinar addresses the intricacies involved in managing a HOME/LIHTC project. Managing a HOME/LIHTC Project discusses how to place your HOME and LIHTC units, blending the eligibility requirements for the HOME and LIHTC programs, how much rent you may charge for a HOME/LIHTC unit, the impact of Section 8 rental assistance at a HOME/LIHTC project, maintaining compliance through the HOME period of affordability and LIHTC compliance period, and the impact of tax-exempt bond financing.
Managing a HOME/LIHTC Project is an intermediate level class. It is assumed that someone registering for this class has a working understanding of the LIHTC program.
Date: Tuesday, November 12, 2013
Time: 12:00 Noon – 4:00 PM, Eastern Time
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