Novogradac 2020 LIHTC 101: The Basics Online Workshop - On-Demand

The low-income housing tax credit world can be confusing, but this workshop can help you navigate it. Learn about partnership roles, types of tax credits, ownership structures, development timelines, compliance issues, how to avoid recapture and more.

Original air date: September 16, 2020
Access to Recording Expired: December 21, 2020
 
 

Instructors

Miao Xue
Partner
Novogradac
 
Dayle Dalling
Principal
Novogradac
 
Andrea Murray
Manager
Novogradac  


Learning Objective(s) in Workshop

  • Recall how tax credits make housing more affordable for lowincome households
  • Determine approximately how many percapital tax credits are available in states and territories in a given year
  • Identify tools lawmakers and regulators have implemented over the years to increase the number of tax credits available at the state and national level
  • Identify costs that are generally included in and excluded from eligible basis and determine how and whether that eligible basis should receive a basis boost
  • Determine a building’s applicable fraction according to number of residential rental units or the floor space of those units
  • Identify the roles and financial motivations of the major parties involved in a tiered LIHTC ownership structure
  • Recall multiple factors that affect tax credit pricing
  • Identify the role of the qualified allocation plan in states’ allocating tax credits and monitoring compliance
  • Identify the major parties and their roles in a typical public bond issue
  • Identify how failing the 50 percent test equates to a corresponding drop in tax credits claimed and equity received
  • Identify major differences between 9 percent deals and 4 percent deals
  • Differentiate between how acquisition costs and rehabilitation costs are treated regarding eligible basis boosts and applicable tax credit percentages
  • Recall the basic elements of the major tax credit rules including the minimum setaside, income limits and rent limits
  • Differentiate between the tax credit period and the compliance period in claiming and earning credits as well as in assessing tax credit recapture risk

 

Registration Rates*

Standard: $249

*The standard registration fee for live online workshops and for online workshop recordings covers a single viewer only. If multiple persons within an organization wish to view the workshop and/or its recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.