In the Blended Challenges Webinar Series, NCHM Director of LIHTC Compliance Jo Ikelheimer digs deeper into the compliance challenges that result when properties layer Low Income Housing Tax Credits with other forms of subsidy.
Just as different housing programs diverge on certain aspects of tenant eligibility, the methodology for calculating and setting rents between programs can differ, too. Some programs tie rent directly to the tenant household's income, while others operate within rent limits, which gives owners discretion as to the actual amount of rent that is set. They all include provisions for tenant-paid utility allowances that also must be factored into the formulas – but the methods by which those are obtained differ between programs as well.
In this webinar, NCHM Director of LIHTC Compliance Jo Ikelheimer will guide you through the intricacies of each set of regulations and teach you how to navigate the differences.
Participants will learn:
The criteria required for HUD Project-Based, LIHTC and HOME rent calculations
Each program’s requirements for creation and usage of tenant-paid Utility Allowances
How the three sets of rent criteria work in tandem at blended sites to maintain compliance