About The Event
Join expert speaker Paul Flogstad for an in-depth knowledge of Low-Income Housing Tax Credit (LIHTC) program to advance your capabilities beyond what you already know. Paul will provide an analysis of the key concepts of LIHTC program so that you end up with a deeper understanding of the program.
After attending this webinar, you will have more in-depth knowledge of LIHTC that will advance your capabilities.
You will be able to successfully navigate through the regulations and guidance, key documents, blended scenarios and noncompliance issues to plan for successful management of any LIHTC property.
During this course we will cover topics which include:
- Deciphering LIHTC
- Distinguishing between sources of guidance
- Analyzing IRS Forms 8609, 8823 and the Multiple Building Election
- Blended LIHTC Management
- Acquisition/Rehabs using LIHTC
- Basic program mechanics for LIHTC with HUD P/B, HOME and/or RD
- LIHTC Planning and Vigilance
- Top 5 Noncompliance Issues
This course encourages a deeper understanding of the LIHTC program by analysis of the key concepts of this program. It will cover the “what ifs” if you have a layered property and its blended compliance mechanics.
Who will Benefit:
- Property Managers
- Property owners
- Maintenance Staff
- Leasing Consultants
- Housing Authority Staff
- Tax credit compliance staff
Industries: Construction & Housing, Affordable Housing
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training.
Through his consulting company, Property Management Solutions, he provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.
He specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies as well as conducting seminars which are presented to property management companies, apartment associations and the general public nationwide. Most recently, he has been a consultant to the State of South Dakota. In this assignment he has developed a fair housing awareness program that is one of the first of its kind in the nation. It involves a three pronged approach to fair housing awareness. This approach makes use of an ombudsman concept and has proven to be very effective in dealing with discrimination and landlord/tenant issues.
For over twenty years he was involved in appraisal of residential, multi-family, farm and commercial properties throughout the Midwest. Most recently, he was a consultant for affordable, multi-housing properties in 22 different states. This involved properties in HUD, Rural Development, HOME and Tax Credit programs.
He holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.
Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board. In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.
Paul just authored a book which was released in January of 2015. It is titled: “Fair Housing: What Everyone Should Know”. This is a comprehensive book about the fair housing written with a property manager’s perspective and with real world examples. It is a great resource for anyone.
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