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.
While initial tenant certification for blended properties presents plenty of its own challenges, certifying tenants for ongoing eligibility at these sites can be tough – especially when dealing with those who are found to be over income. This webinar will help!
Join Jo as she reviews:
The program mechanics of managing over-income tenants for HUD project-based programs
The 140% Rule, the Available Unit Rule, and how they work with regard to over-income tenants for the LIHTC program
The steps involved in restoring compliance for the HOME program when tenants are over-income at recertification
How the three different approaches work in tandem at blended sites to maintain compliancehanics of managing over-income tenants for HUD project-based programs