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Income Averaging Compliance Considerations (HCC19)

Published on June 7, 2019

NCSHA HCC 2019

Examine compliance in Housing Credit developments electing the income averaging minimum set-aside. Understand state monitoring policies, investor considerations, and property management perspectives. Consider compliance challenges and best practices related to unit designation, income limit application, the next available unit rule, multiple subsidy developments, and noncompliance correction.

DISCUSSION LEADER
Timothy Veenstra, Director, Asset Management | Illinois Housing Development Authority

PARTICIPANTS
Jen Brewerton, Vice President of Compliance | Dominium
Amanda Gross, Vice President of Training and Compliance Policy | US Housing Consultants
Carol Howard, Vice President and Director of Housing Compliance | Boston Capital
Thomas Stagg, Partner | Novogradac & Company LLP

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