September 6, 2023 at 1:00 PM ET
HOME funds are commonly used as gap financing for LIHTC projects, but with the addition of the new Average Income Test Set-Aside, there are some potential challenges housing providers should be aware of.
In this session, Amanda Lee Gross will provide valuable guidance and resources to help housing providers maintain compliance with both LIHTC and HOME regulations for AIT projects layered with HOME Funds.
Tax Credit (LIHTC) compliance specialists who fully understand the Average Income Test (AIT) set-aside are ready for what's next in the industry. While AIT is still new, affordable housing specialists who are fully versed in AIT will be prepared to take on new challenges and provide advice to people struggling to understand these new rules.
This course is part of our LIHTC Advanced Series and includes 1.5 hours of CE that can be used towards obtaining your HOME A.C.E Designation or your LIHTC HCCP Designation.