Selecting and applying the correct tax credit income limits is more complicated than ever before. Much of the confusion stems from the additional income limit provisions that were included in the Housing and Economic Recovery Act of 2008 (HERA). Many managers have told us that they are have reached their limits in trying to understand them!
With the release of the 2016 limits on March 28, now is the perfect time to get up to speed with the regulatory requirements. NCHM has been bombarded with questions about how to apply the new limits since their publication, mainly because they dropped in many areas of the country this year. We’ve also experienced a reduction in the National Non-Metro AMI for the first time since LIHTC began using this measure in 2009, which is also causing much confusion for LIHTC managers.
Please join NCHM Director of LIHTC Compliance Jo Ikelheimer as she addresses these issues and provides an in-depth review of LIHTC income limit requirements. Her live webinar will help you better understand how to properly qualify your applicants and tenants and stay in compliance.
What you will learn:
The background and basics of LIHTC income limits
How to correctly determine the appropriate limits for your properties
How to apply LIHTC limits including their appropriate use at blended sites