Novogradac LIHTC 101: The Basics Webinar (Aug 2021)

Thursday, August 19, 2021 - 10:00am to 1:00pm
August 19, 2021 - 10:00am to 1:00pm
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This webinar airs from 10 a.m. to 1 p.m. PT (1p.m. to 4 p.m. ET)

The LIHTC 101: The Basics webinar presents a basic overview of the Low-Income Housing Tax Credit (LIHTC) incentive, primarily as it relates to the rental property generating the tax credits at the "lower-tier" operating partnership.

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Excerpt from the Webinar

Instructors

Wayne Michael, CPA, NPCC, HCCP
Senior Director of Education
Novogradac

Rita Coriasco, CPA
Technical Trainer
Novogradac

Topics Covered

  • Intro to Internal Revenue Code (IRC) Section 42 and LIHTCs
  • Example tax credit calculation
  • The 9% tax credit floor and the floating 70% present value rate
  • The 9%, competitive tax credit pool and states’ QAPs
  • The tax credit application
  • Credit reservation
  • Carryover allocation and the 10% test
  • Typical LIHTC partnership structure
  • Investor, syndicator, developer, fund, operating partnership
  • Investor equity contributions and credit pricing
  • Construction completion, certificates of occupancy, lease up
  • Placed-in-service package, Forms 8609
  • Nuances of “acq/rehab” deals and claiming tax credits
  • Program rules
  • “20 at 50”, “40 at 60” and average income minimum set-asides, income limits, rent limits
  • Earning and claiming tax credits
  • 10-year credit period, 15-year compliance period
  • Noncompliance and credit recapture

Target Audience

This course is designed for those new to LIHTCs as well as for those who've worked in the industry for a few years and are looking for a refresher on how their area relates to other parts of the "big picture."

Terms and Conditions
Receiving Login Info and Handouts
CPE Information

Registration Rates*

Standard: $150
Nonprofit: $135

*The standard and nonprofit registration fee for live online 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.

Multiple Registrants:

Total Registrants Price Per Registrant
2-5 Standard: $130, Nonprofit: $120
6-10 Standard: $120, Nonprofit: $110
11-15 Standard: $112.50, Nonprofit: $102.50
16-20 Standard: $110, Nonprofit: $97.50
21+ Standard: $105, Nonprofit: $95

Multi-registrant rates are reflected in the shopping cart as subsequent attendees are added. For questions or registration assistance, please contact us at 415-356-7960 or email [email protected].