Recently, a new minimum set-aside option was added to the IRC and made available to new LIHTC properties. This course reviews the new provision known as the Average Income Test with a special focus on its implementation, its effects on the Available Unit Rule and how noncompliance is treated.
LOOKING TO UNDERSTAND THE IMPACT THE AVERAGE INCOME TEST
MAY HAVE ON YOUR HOUSING CREDIT PROPERTIES?
YOU’VE COME TO THE RIGHT PLACE!
On March 18, 2018, a new minimum set-aside option was added to the IRC and made available to new LIHTC properties. As more and more developers are making this election on new Housing Credit properties, it is important to understand how to meet and maintain the Average Income Test or AIT provisions.
In this course, we will discuss the new provision with a special focus on its implementation, its effects on the Available Unit Rule and how noncompliance is treated. The course also includes a discussion on state-specific implementation and the need for IRS guidance & clarification.
This is an advanced course that assumes the viewer has mastered the fundamentals of LIHTC compliance.
This course is a must for anyone working with LIHTC properties that elected AIT including site managers & their supervisors, compliance specialists & their supervisors, asset managers, developers, investors and State Monitoring Agency staff.
Approved for continuing education by all state HFAs and the industry’s compliance designations (e.g., NCP, HCCP, C3P, SHCM, etc.), making this course the perfect way to learn how this important piece of program legislation impacts our operations while earning your required credits.
NOTE: THIS IS AN ADVANCED-INFORMATION COURSE ONLY SO THERE ARE NO QUIZZES.
with Special Introductory Offer of $149