In order to preserve our nation's affordable housing stock, more and more developers are using the LIHTC program to rehabilitate these aging properties. The Section 42 rules for qualifying these units for tax credits, however, are among the most challenging for managers to grasp and properly implement. This webinar will address the process step by step to help clarify misconceptions and teach how to correctly qualify units under acq/rehab and keep them in compliance.
What you'll learn
The basics of how acquisition and rehabilitation credits are generated
The importance of pre-qualification and planning for certifying in-place tenants for LIHTC
The appropriate timing of initial LIHTC certifications