Study Housing Credit financing opportunities and preservation strategies for rural markets and Native American lands. Discuss trends in area median income growth and potential benefits and challenges to using the new income averaging minimum set-aside in rural areas. Understand the impact of USDA and Fannie Mae initiatives in these and other underserved markets. DISCUSSION LEADER […]
Read More… from Financing Development in Rural and Native American Areas (HCC19)
Understand Section 8 rental assistance programs including project-based vouchers (PBV), project-based rental assistance (PBRA), and Housing Choice Vouchers (HCV). Analyze the impact of rental assistance on Housing Credit development and compliance requirements. Discuss Section 8 rules for income determination and rents and specific issues related to Rental Assistance Demonstration (RAD) deals. PARTICIPANTS Sheryl Putnam, Professional […]
Read More… from Understanding Section 8: The Basics of PBV, PBRA, HCV, and RAD (HCC19)
Financial structuring experts analyze the combination of the Housing Credit and Opportunity Zone incentives, including tactics for structuring funds, allocating tax benefits, optimizing equity contributions, and maximizing eligible basis. Explore the impact of IRS guidance on Housing Credit development, the use of bond financing in Opportunity Zone deals, and the status of funds targeting affordable […]
Read More… from Leveraging the Housing Credit in Opportunity Zones (HCC19)
Understand application of fair housing rules in the management of Housing Credit developments. Examine essential tenant qualification procedures, affirmative fair housing marketing plans, the general public use rule, Section 8 nondiscrimination provisions, senior housing definitions, Violence Against Women Act requirements, reasonable accommodation, and federal fair housing enforcement actions. DISCUSSION LEADER Jennifer Marchand, Multifamily Program Compliance […]
Assess achievements and the future direction of HUD’s Rental Assistance Demonstration (RAD) program. Explore lessons learned from RAD closings and deal structuring strategies involving Housing Credits, tax-exempt bonds, and HUD financing. Understand tenant relocation rules, appraisal and tax issues, and use of RAD to preserve the Section 202 portfolio. DISCUSSION LEADER Alan Rakowski, Rental Housing […]
Explore new opportunities for Housing Credit development using the income averaging minimum set-aside election. Understand the impact of the set-aside on income limits, project rents, and Credit delivery. Discuss financial structuring benefits of mixed-income developments, structuring challenges in multiple subsidy deals, and best practices for unit designation and market studies. DISCUSSION LEADER Rebecca Frawley Wachtel, […]
Read More… from Deal Structuring with Income Averaging (HCC19)
Federal officials and industry compliance experts explore significant changes in Housing Credit compliance, including implementation of the income averaging minimum set-aside, new IRS requirements for state agency monitoring reviews and utility allowances, updates to income limit methodology, and other issues. DISCUSSION LEADER Renee Dickinson, Multifamily Compliance Manager | Minnesota Housing PARTICIPANTS Scott Michael Dunn, Chief […]
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