Novogradac 2020 LIHTC 202: Allocations to 8609s Online Workshop - On-Demand

Learn about all the requirements that low-income housing tax credit awardees must satisfy between when they receive the tax credit award and when they submit their Form(s) 8609 to the Internal Revenue Service. Be prepared. 

Original air date: September 17, 2020
Access to Recording Expired: December 22, 2020
 
 

Instructors

Mark Shelburne
Senior Manager
Novogradac
 
Wayne Michael
Principal
Novogradac
 
Toni Jackson
Principal 
The Banks Law Firm
 

Learning Objective(s) in Workshop 

 

  • Identify the significant portions of the qualified allocation plan
  • Outline the most important aspects of project scoping with the development team 
  • Compare and contrast the reservation letter and the carryover agreement 
  • Assess the risks and potential benefits of locking the 4 percent credit rate on a bond property 
  • Apply the gross rent floor election and identify when it is applicable 
  • Identify the important dates associated with the 10 percent test as well as the penalty for failing it 
  • List common examples of changes in a project between application and completion 
  • Identify deadlines that bond properties don’t have to comply with and define the 50 percent test 
  • List best practices in selecting qualified property managers 
  • Apply the principle of hold harmless to changes in income and rent limits 
  • Determine when an owner is required to implement new utility allowances during initial lease up 
  • Identify the typical timing of equity payments 
  • Identify key considerations of bank loan closings as well as agency loan closings 
  • List the elements of the extended use commitment that should be compared to the credit application 
  • Identify key considerations regarding payment of property taxes 
  • Recite the property placed‐in‐service deadline and identify ways to mitigate delays 
  • Apply lease‐up strategies to maximize credit delivery
  • Correctly complete Form 8609

 

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.