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The Novogradac LIHTC Property Compliance Workshop is a 10-hour, two-day course, led by knowledgeable instructors, to provide attendees with the most up-to-date low-income housing tax credit (LIHTC) compliance knowledge and industry trends critical to owners and property managers. At the conclusion of the workshop, attendees have the opportunity to pass an exam to obtain the Novogradac Property Compliance Certification (NPCC), an official accreditation for members of the LIHTC community.
Novogradac 2017 Credit and Bond Financing for Affordable Housing Conference
CPE: 4.13 Novogradac Private Activity Bond and 4% Low-Income Housing Tax Credit Basics Webinar
The Rural Housing Service released a notice in the May 3 Federal Register announcing a series of teleconferences and/or web conference meetings concerning the U.S. Department of Agriculture (USDA) multifamily housing program. The objectives of the series is to enhance the effectiveness of the multifamily housing program, establish a two-way communications forum to update industry participants and Rural Housing Service (RHS) staff, enhance RHS’ awareness of issues that impact multifamily housing and to increase transparency and accountability in the multifamily housing program. Discussion topics will include updates on USDA multifamily housing program activities, perspectives on the multifamily housing notice of funds availability processes and comments on multifamily transaction processes. The meetings are scheduled to occur quarterly during 2017, with the dates and times to be announced via email to registered parties. The notice can be viewed at www.taxcredithousing.com.
The number of cost-burdened and severely cost-burdened renters has slightly decreased, but the rental housing affordability gap in the United States remains high, according to the Joint Center for Housing Studies (JCHS) at Harvard University’s America’s Rental Housing 2017 report released in December 2017. The study found median monthly rental costs increased 15 percent from 2000 to 2016, while median household income fell slightly. JCHS also reports that the low-income housing tax credit (LIHTC) continues to be a significant force in providing construction and rehabilitation of affordable housing–supporting 70,000 affordable rental apartments per year–but that nearly 500,000 LIHTC units and 650,000 other subsidized rentals will come to the end of their required affordability periods in the next decade. The report says that federal, state and local policy must support the efficient provision of affordable rental homes to address the nation’s affordability challenges.
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