HUD and Tax Credit programs: 2019 Budget

On-Demand | Recorded  

Duration : 60 min





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The webinar will examine recent topics concerning HUD and Tax Credit programs. HUD has proposed updates in their programs for 2019. We will examine all of these updates concerning  the 2019 budget, fair market rents, and OCAF updates.

Concerning tax credit properties, there have been changes in a compliance item concerning income averaging. We will go into depth on this change and explain the ramifications of this ruling.

1.      LEARNING BENEFITS

. HUD and Tax credit programs Impact

.   Updates on fair market rent by HUD

.   How to be compliant when determining the tenant rent

.   How the updates concerning the cost adjustment factor (OCAF) will impact the owner’s bottom line

.   The review of the 2019 budget

.   Understanding where HUD is heading in the coming year

.   Income Averaging allows LIHTC owners to elect to serve households with incomes of up to 80% of area median income (AMI) and have these household qualify as LIHTC units, so long as the  average income/rent limit in the project  remains at 60% or less of AMI. Owners who elect Income Averaging must also commit to atleast 40% of the units in the  project have an average income level of no more than 60% of AMI and the rents for these units   must be equal to 30% of the qualifying income level

WHO SHOULD ATTEND?

.  Owners

.  Property managers

.  Leasing Agents

.  Public Housing Staff

.  Compliance Staff








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