Learn About Income Limits and Utility Allowance Changes in LIHTC Housing

Filed in Education, Multifamily by on March 20, 2020 0 Comments

There have been significant changes to the way the income of tenants is calculated for units using Low-Income Housing Tax Credits (LIHTC). In addition, formulas for utility allowances have changed. Many multifamily developers and managers need to be aware of these important changes.

NAHB’s webinar Stay Compliant! How to Manage the Latest Income Limits/Utility Allowance Changes & Avoid Costly Errors, scheduled on March 26, 2-3 p.m. ET, will get you up to speed regarding the latest income limits and utility allowance changes, and help you decide which options make the most sense for your business. From HUD/HOME to HERA Special to MTSP/LIHTC, as well as the recent IRS Revenue Ruling 2020-4, it will all be covered and explained in the webinar.

Taught by Scott Michael Dunn, CEO of Costello Compliance, participants will:

  • Better understand how to select the correct income limits and utility allowances.
  • Be prepared to implement income limits and utility allowance changes within the required time frames.
  • Learn how to always avoid the costly consequences of errors and missed deadlines.

Registration is open until 3 p.m. ET (12 p.m. PT) on Wednesday, March 25. For questions about registration, please contact Deborah Krat at EdWebinars@nahb.org or call her at 800-368-5242 x8155.

And don’t forget, you’ll earn 1.0 hour of continuing education credits for the following 12 designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP, MIRM.

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