Novogradac LIHTC Acq/Rehab Basics Webinar

Friday, October 26, 2018 - 10:00am to 1:00pm
October 26, 2018 - 10:00am to 1:00pm

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


2017 Webinar Head Shot - Thomas Stagg
webinars headshot panelist  wayne michael
Thomas Stagg, CPA, NPCC, HCCP
Novogradac & Company LLP
Wayne Michael, CPA, NPCC, HCCP
Senior Director of  Education
Novogradac & Company LLP

Webinar Description

This webinar addresses the issues associated with acquiring existing residential rental real estate for the purpose of rehabilitating it under the Low-Income Housing Tax Credit (LIHTC) program.

Praise from Past Attendees

View Excerpt From the Webinar

Topics Covered

  • Overview of initially qualifying units for claiming LIHTCs
  • Significant dates for tax credit percentages
  • Tack-back rule
  • Acquisition
    • Land/building cost allocation
    • 10-year hold rule
    • Transfer of ownership issue
  • Qualifying existing tenants/units
    • Income limits for acq/rehab deals
    • 120-day rule
    • Signature dates vs. effective dates on tenant income certification
    • Over-income existing tenants (whether previously existing LIHTC development or not)
    • Income certification complications if acquisition is delayed
    • Previously qualified vacant units
    • Safe harbor rule
    • 120-day, available-unit-rule test
  • Rehabilitation (maximizing credits)
    • Rehab timing
    • Tenant transfers vs. moveouts
    • Occupied rehabs vs. vacant rehabs
    • End-of-the-month issues
    • Investor closing date (good vs. bad credits)
  • Record-keeping tips

CPE Information

Target Audience

Asset managers, underwriters, development team members, property managers and anyone involved with the acquisition and/or rehabilitation process

Terms and Conditions

Login Info, Handouts and Access to the Recording

Registration Rates

Standard: $135
Nonprofit: $115
Multiple Registrations: $120/person ($105/person for nonprofits)