The 2020 Novogradac LIHTC Property Management Handbook guides readers through the most up-to-date information in the complex field of low-income housing tax credit (LIHTC) compliance monitoring. The 2020 edition discusses how to calculate income limits for average-income LIHTC properties and provides information on the IRS’ and allocating agencies’ response to the COVID-19 pandemic. This comprehensive resource features expanded guidance for extended-use agreements and issues concerning noncompliance and recapture for common areas, as well as real-world examples demonstrating how property management principles should be applied.

The 2020 Novogradac LIHTC Property Management Handbook provides:

New sections about:

• Calculating Income Limits for Average-Income Units
• IRS, LIHTC Allocating Agencies Response to COVID-19 Pandemic
• Minimum Compliance Monitoring Requirements

Updated sections about:

• Inclusions in the Extended-Use Agreement
• Compliance After the Initial 15-Year Credit Period
• HUD Utility Schedule Model for Utility Allowance
• How to Answer Form 8609 Question 8B
• Common Area Noncompliance and Recapture
• IRS Guidance on Compliance
• Property Compliance State, Territory Contacts

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