LIHTC Available Unit Rule

Duration: 90 minutes

Speaker: Patricia Murphy

Available On-Demand

PURCHASE OPTIONS

Individual Purchase Options
On-Demand Available On-Demand. Watch the webinar recording multiple times for 30 days.	$189
Recording Download link will be emailed for single user access with handouts. Available in 3-5 business days, after Live Event. Never Expires.	$219
Transcript (PDF) PDF transcript of webinar with handouts will be emailed. Available in 7-10 business days, after Live Event. Never Expires.	$179

Group Purchase Options
Recording With License to Share Download link will be emailed with a license to share within the organization. Available in 3-5 business days, after Live Event. Never Expires.	$799	Select

ABOUT THE EVENT

Housing Tax Credit projects with some low income and some market rate units must annually recertify the income of low-income households and comply with the Available Unit Rule if a household goes Over Income. Learn how to determine if a household is Over Income and how to comply with the requirements of the Available Unit Rule

Areas Covered:

How to determine if a household is Over Income for the 20/50 and 40/60 minimum set asides
How to determine if a household is Over Income for the Average Income minimum set aside
How to Comply with the Available Unit Rule
The impact of noncompliance with the Available Unit Rule
How to restore noncompliance if the Available Unit Rule is violated.

Learning Objectives:

Understanding the difference between an Over Income and Ineligible Household
How to calculate the “Over Income” Limit for all minimum set asides
What action to take if a household goes Over Income
How to recognize an available Unit Rule Violation
How to restore compliance if the Available Unit rule is violated

Who Should Attend:

Housing Tax Credit leasing professionals
Housing Tax Credit Compliance Auditors
Housing Tax Credit Compliance Specialists
State Housing Finance Agencies

Handouts & Reference Material:

A PDF copy of the presentation will be available for download.

Speaker(s)

Patricia Murphy

Patricia Murphy is an affordable housing consultant located in Austin, Texas. She has over 25 years’ experience in hands on administration of the Housing Tax Credit, Tax Exempt Bond, HOME and Housing Trust fund programs. Patricia retired from the Texas Department of Housing and Community Affairs as the Director of the Compliance Division in 2020. Since early 2021 she has been utilizing that experience and knowledge as a consultant helping owners stay in compliance with TDHCA and federal requirements.

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