Novogradac Principles of LIHTC Eligible Basis Webinar (MAR 2020)

Thursday, March 26, 2020 - 10:00am to 1:00pm
March 26, 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 examines the factors to consider when determining proper capitalization of costs to fixed assets and the subsequent inclusion of those costs in LIHTC eligible basis. The focus of the discussion centers on the construction phase of a development. This webinar will address federal statutes and guidelines, including the 2014 IRS Audit Technique Guide for Low-Income Housing Tax Credits.

Topics Covered

  • Eligible basis overview
  • Commercial space
  • Caps on fees to contractor and developer
  • Land
    • Demolition
    • Tenant relocation
    • Land improvements
    • “Inextricably associated”
  • Impact fees
  • Off-site improvements
  • Dedicated improvements
  • Acquisition costs
  • Common areas, exempt units, community service facilities
  • Soft-cost capitalization
    • Direct
    • Indirect
    • Other
    • Timing of capitalization
    • Developer fees
    • Bond issuance costs
    • Interest
    • Multiple buildings
  • Adjustments to eligible basis according to the IRS
  • Maximum qualified basis

Target Audience

The webinar is primarily intended for LIHTC property owners, development team members 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 
Receiving Login Info and Handouts 
Terms and Conditions

Access to the webinar recording will be sent to the purchaser via email within one business day of payment.

Registration Rates*

Standard: $150
Nonprofit: $130
Multiple Registration: $125/person ($110/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.