Low-income housing management professionals sometimes don’t have the most current information about their tenants’ changing incomes, and those discrepancies can lead to their projects being out of compliance with federal laws.
One of the most common non-compliance findings is “household income above income limit upon initial occupancy,” and that’s usually the result of inaccurately calculated or insufficiently verified income. Determining household income can be particularly challenging when that income fluctuates.
The NAHB webinar Cents & Sensibility: Income Calculations in the Real World from 2-3 p.m. ET on Thursday, March 30, will include examples of how to determine income from pay stubs, analyze third-party verifications, apply a verified raise (past and future) and identify individuals who work per diem and seasonal jobs.
If you have the Housing Credit Certified Professional designation, this webinar is available at no charge. NAHB council members pay $39.95; Other NAHB members pay $44.95 and non-members pay $64.95.