Wednesday, September 18th
10:15am - Noon; 1:30 - 3:00pm
LIHTC: Program Regulations
Instructor: Heather Wezensky

The Low-Income Housing Tax Credit (LIHTC) program is a vital tool for providing affordable housing to low-income individuals and families. The program was created in 1986 as part of the Tax Reform Act, and it has since become a crucial component of the US housing market.

In this session, we will delve into the origins of the LIHTC program and explore the roles of various stakeholders involved in the program, including:

  • The IRS (Internal Revenue Service)
  • State Agencies
  • HUD (Department of Housing and Urban Development)
  • Syndicators
  • Investors
  • Owners

In addition to discussing the roles of these stakeholders, we will also cover the following topics:

  1. Calculating Applicable Fractions, Eligible and Qualified Basis: We will discuss how to calculate the applicable fractions, which are used to determine the amount of tax credits allocated to each project.
  2. Regulatory Aspects: We will explore the regulatory requirements and important timelines of the LIHTC program, including compliance with tax laws, state regulations, and HUD guidelines.