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Managing Changes in Income Limits and Utility Allowances (HFAi19)

HFAi19 Housing Credit Resource

Examine the impact of recent income limit and utility allowance updates on Housing Credit compliance and management. Understand state agency, developer, and management company perspectives on rent increases. Explore application of new income limits and utility allowances in preservation transactions and resyndications. DISCUSSION LEADER Susan Westbrook, Manager of Rental Assets | North Carolina Housing Finance […]

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Monitoring Compliance with Multiple Subsidies (HFAi19)

HFAi19 Housing Credit Resource

Understand conflicting compliance requirements in Housing Credit developments with multiple subsidies. Analyze the impact of tax-exempt bonds, HOME, the Housing Trust Fund, Rental Assistance Demonstration (RAD), project-based Section 8, and Housing Choice Vouchers on development compliance and state agency monitoring responsibilities. DISCUSSION LEADER Devyn Smith, Director of Real Estate Compliance | Indiana Housing and Community […]

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Determining Income for HOME and HTF (HFAi19)

HFAi HOME Resource

Learn the process PJs and housing partners must follow to verify income eligibility and make adjusted income calculations for HOME and HTF. This training will provide an overview of the income definitions, required policies and procedures, timing of verifications, and documentation requirements. Explore income basics, Part 5 and IRS definitions, determining household composition, verification of […]

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