Understanding how utility allowances factor into Low Income Housing Tax Credit Program rents is crucial as this type of noncompliance is so harsh. This course focuses on the rules, HFA interpretations and implementation techniques helping to safeguard you from noncompliance.
The way we determine our utility allowances and therefore our Tax Credit rents has undergone numerous changes since 2008. It is crucial you are up to date on all of the changes and the latest IRS & HFA interpretations as noncompliance in this area is some of the harshest and most expensive you can experience. Many of the rule changes are subtle which means not having a full grasp of them can put your properties at significant risk.
In this course, Elizabeth will…
- Walk you through the Final Utility Allowance regulations,
- Review the latest changes made since their publication,
- Discuss unique utility systems such as submetering and RUBS, AND
- Explain how to implement this information on your properties so you can accurately determine your allowances & rents.
This course is a must for any Tax Credit professional working with rents and/or utility allowances.
Approved for continuing education by all state HFAs and the industry’s compliance designations (e.g., NCP, HCCP, C3P, SHCM, etc.), this course is a perfect way to keep updated on the latest changes while earning your required credits.
NOTE: This is an advanced-information course ONLY so there are no quizzes.