June 22, 2023 1:00 PM Eastern
Learn how to ensure a successful lease-up of an Acq/Rehab Project while also meeting and maintaining compliance with the Average Income Test.
While there are some benefits to electing the Average Income Test Election for Acq/Rehab credit allocation, such as being able to have higher income restrictions at 70% and 80%. It can also create some challenges that housing providers should be aware of.
In this session, Amanda Lee Gross, will highlight the benefits of the AIT election, and will also provide valuable guidance and insight on the challenges that may be encountered, and how to best prepare for such challenges:
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 2 hours of CE that can be used towards obtaining your LIHTC HCCP Designation.