Even though the Low-Income Housing Tax Credit Program is designed to mirror HUD programs, specifically Section 8, when it comes to identifying and calculating income and assets, there are areas of disconnection where the HUD guidance does not provide a perfect fit for LIHTC under the Section 42 regulations. In application, it is always important to remember that the HUD guidance was written for HUD programs and that LIHTC is only borrowing from it. How do we know the difference? That is what will be addressed in this webinar which will walk through the specifics of the management functions that don’t connect between the two program types.
Join NCHM’s Vice President of Compliance Programs, Jo Ikelheimer, to gain a better understanding of how the LIHTC requirements fit within the context of the HUD guidance so that you are better able to navigate through these nuances successfully.
What you will learn:
- The overall differences between LIHTC and HUD programs.
- The specific portions of HUD Handbook 4350.3 REV-1 that have disconnections for LIHTC.
How verification requirements differ between the two programs in order to properly document tenant files.
Here are two links to course materials that will be needed as reference during this presentation:
There are 4 more PDF's to download in Chapter 1 of this course. Please download those prior to watching the Chapter 1 video.