Hosted by JAHMA
This seminar qualifies for 6 hours of Continuing Education Credits, for those people with the Specialist in Housing Credit Management (SHCM), designation who are in need of Continuing Education Credits.
Do you remember receiving information in 2016 about the VAWA Final Rule?
Do you know about the two pieces of legislation that would change many aspects of the LIHTC program including its name?
O/As of ALL property types including Tax Credits must follow the new rules:
Distribution of forms HUD-5380 and HUD-5382 to each adult family member at specific times
Development and implementation of a VAWA Emergency Transfer Plan no later than 6-14-17.
New Name change to the Affordable Housing Tax Credit program- plus other significant changes are now pending in both the Senate and the House of Representative which include:
New Student Status Exceptions for certain federal programs
New Definition of Recapture because of Causality Loss;
New Income Averaging would alter these two limits of 50% and 60% to allow some units at 80 percent, offset by those at lower levels, such that the overall property-wide average equals 60 percent. This is known as income averaging.