Novogradac Webinar on LIHTC 101 : The Basics

Friday, February 1, 2019 - 10:00am to 1:00pm
February 1, 2019 - 10:00am to 1:00pm

This course presents a basic overview of the Low-Income Housing Tax Credit (LIHTC) program, primarily as it relates to the rental property generating the tax credits at the "lower-tier" operating partnership.

Instructors

Topics Covered

  • Overview of affordable housing
  • Intro to Internal Revenue Code (IRC) Section 42 and LIHTCs
  • Example tax credit calculation
  • The 9 percent tax credit floor and the floating 70 percent present value rate
  • The 9 percent, competitive tax credit pool and states’ QAPs
  • The tax credit application
  • Credit reservation
  • Carryover allocation and the 10 percent 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
 
*Note: This webinar airs from 10 to 1 p.m. PT (1 to 4 p.m. ET) 

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."

 

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

Registration Rates*

Standard: $150
Nonprofit: $125
Multiple Registrations: $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.