Novogradac Initial Lease Up and Maximizing First-Year Credits Webinar (FEB 2020)

Friday, February 21, 2020 - 10:00am to 1:00pm
February 21, 2020 - 10:00am to 1:00pm

This webinar airs from 1 to 4 p.m. ET (10 a.m. to 1 p.m. PT)

This webinar provides a look at several crucial factors of a low-income housing tax credit (LIHTC) property's construction completion and initial lease up that—if ignored or not properly understood—can jeopardize its ability to maximize both its first-year and its Year 2 through Year 10 tax credits.

Praise from Past Attendees
View Excerpt from Past Webinar

Instructors

Wayne Michael, NPCC, HCCP
Senior Director of Education
Novogradac

Rita Coriasco, CPA
Technical Trainer
Novogradac

Duration: 3 hours
 

Topics Covered

  • First-year weighted average applicable fraction vs. 12/31 applicable fraction
  • When a unit can first count as LIHTC qualified
  • Excess basis in first-year credit calculation for 9% deals
  • Credit percentage fluctuation risk for bond deals
  • Form 8609 Line 10c – minimum set-aside election
  • Form 8609 Line 8b – multi-building project election
  • Rent floor election
  • Occupancy threshold for implementing new utility allowances
  • Record retention requirements
  • Form 8609 Line 10a – postponing Year 1 of credit period
  • Avoiding 2/3 (“15-year”) credits
  • Rental concessions
  • Previously qualified then vacated units as of beginning of Year 1 of the credit period
  • Different credit periods for buildings in the same project
  • Claiming credits without receiving Forms 8609

Initial lease up and first-year credit issues for acq/rehab deals are addressed in a separate webinar

Target Audience

The webinar is primarily intended for LIHTC property owners and asset managers, but we welcome on-site managers, 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.

CPE Information Terms and Conditions Receiving Login Info and Handouts

Registration Rates*

Standard: $135
Nonprofit: $120
Multiple Registrations: $115/person ($100/person for nonprofits)

*The standard and nonprofit registration fee for live webinars and for webinar recordings covers a SINGLE VIEWER ONLY. If multiple persons within an organization wish to view the webinar 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.