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Understanding How to Establish “Gross Rents” for LIHTC Properties

Council Member:
$0.00
Designee
$0.00
NAHB Member:
$19.00
Non-member:
$39.00

June 5, 2024 | 2:00–3:00 p.m. ET

In this webinar, you’ll learn how to establish gross rents for Low-Income Housing Tax Credit (LIHTC) properties which is crucial to ensure compliance with IRS regulations. This webinar will explore key aspects of LIHTC gross rent determination, including allowable fees.

To register, click ‘Add to cart’ and then check-out via the shopping cart feature in the upper right corner of this page. Login information and a calendar invitation will be provided with registration confirmation.

Understanding how to establish gross rents for Low-Income Housing Tax Credit (LIHTC) properties is paramount for developers, investors, and property managers. Gross rents, which encompass rent and utility payments, directly impact housing affordability. Properly establishing gross rents ensures compliance with LIHTC regulations. There is no higher risk of significant loss of credits than errors relating to determining rents on a LIHTC property. This webinar will focus on ensuring that residents are not charged excess rent or inappropriate fees. The session will cover utility allowance requirements, allowable fees, charges for common areas, commercial activities, and rent requirements when federal rental assistance is present.

What You’ll Learn:

  • Understand how to determine the maximum rent for a LIHTC project.
  • Understand what fees may and may not be charged at a LIHTC property.
  • Understand the impact of federal rental assistance on the rents that may be paid.

Speakers:

  • Marie Peace (Moderator) – SVP, Chief Compliance Officer, The Franklin Johnston Group
  • A. J. Johnson – CEO/Owner, A. J. Johnson Consulting Services, Inc.

CE Credit: NAHB – 1.0 CE hour(s)

Can’t attend but don’t want to miss out? Replays will be available to all registrants throughout 2023.