HUD and Tax Credit programs: 2019 Budget

LIVE  Jan 17, 2019 1:00PM EST

Duration : 60 min

1 days ago




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The webinar will examine recent topics concerning HUD and Tax Creditprograms. HUD has proposed updates in their programs for 2019. We will examineall of these updates concerning  the2019 budget, fair market rents, and OCAF updates.

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

1.      LEARNING BENEFITS

. HUD and Taxcredit programs Impact

.   Updates on fair market rent by HUD

.   How to be compliant when determining thetenant rent

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

.   The review of the 2019 budget

.   Understanding where HUD is heading in thecoming year

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

WHO SHOULD ATTEND?

.  Owners

.  Propertymanagers

.  LeasingAgents

.  PublicHousing Staff

.  ComplianceStaff









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