Learn how to properly qualify applicants and tenants
Income verification for the LIHTC program isn't what it used to be. Once a simple matter of following the guidance found in HUD Handbook 4350.3 REV-1, Change 4 and the revision to HUD's definition of third-party verification have sparked loud debate within the LIHTC commmunity over what now constitutes sufficient income verification. Some states, for example, allow pay stubs to be used as verification of income for applicants and tenants at LIHTC properties, while others do not.
Do you know where your state agency stands on the requirements for income verification?
Please join NCHM's Director of LIHTC Compliance, Jo Ikelheimer, for an in-depth review of LIHTC verification requirements. Learn how to properly qualify your applicants and tenants to ensure that you stay in compliance.
What you'll learn:
The conventional wisdom approach to LIHTC income verification
The IRS's interpretation and guidance for income verification
How to properly verify program requirements other than income