Novogradac Webinar on From Allocation to Form 8609 On-Demand

Webinar Description

This webinar addresses various requirements that low-income housing tax credit (LIHTC) awardees must satisfy during the period between receiving their tax credit award and submitting their Form(s) 8609 to the Internal Revenue Service (IRS).

Outline

  • First steps
  • Project scoping
  • Reservation letter
  • Rate lock
  • Federal funds
  • Carryover agreement
  • Gross rent floor election
  • 10 percent test
  • Tax-exempt bonds
  • Inspections
  • Property management
  • Changing rent and income limits
  • Equity closing
  • Bank loan closing
  • Agency loan closing
  • Extended-use commitment
  • Property taxes
  • Placing in service
  • Lease-up
  • Final cost certification
  • Completing Form 8609

Target Audience

The webinar is primarily intended for LIHTC property owners, development team members and asset managers, syndicators, and attorneys, as well as anyone interested in ensuring that the property generates the full amount of tax credits it was awarded. A basic understanding of the LIHTC program is recommended.