Aug. 17, 2021: Preparing for the Oct. 1 End of LIHTC Compliance Relief

Published by Michael Novogradac on Tuesday, August 17, 2021 - 2:00pm

In this week’s Tax Credit Tuesday podcast, Michael Novogradac, CPA, and Novogradac compliance experts Thomas Stagg, CPA, and Stephanie Naquin discuss how LIHTC property owners and managers can prepare for Oct. 1, when temporary compliance relief expires. They outline how to plan for four areas of expiring compliance relief: annual income recertifications, physical inspections and tenant file reviews, reopening of shared spaces and common areas; and the correction relief period.