Tax Credit Housing Handbook

Tax Credit Housing Handbook is an indispensable resource that gives,  assisted tax credit housing owner or manager (or one of the professionals who advise them) the comprehensive information, regulatory updates, best practices techniques, and income calculation know-how that you need. This comprehensive handbook is written in language you can understand, and it offers a complete and detailed examination of the LIHTC Program. You will learn about the recent changes to the federal tax credit programs, what recent case law has to say about the issues, and how you can best determine who qualifies for such housing and who does not. Your understanding of the confusing rules in this area of property management and your implementation of best practices is our goal in offering you this valuable handbook. Each chapter outlines the rules you need to know, explains the calculations you will be performing, dispenses advice about best practices, and features a helpful quiz, designed to reinforce the lessons you just learned. This book will become an integral part of your resource library as you maneuver through the complex world of tax credit housing.

The Tax Credit Housing Handbook is an excellent and comprehensive tool for all who work in the low-income housing tax credit real estate industry. This essential practitioner's book will show managers and owners how to save money by implementing legally, sound and cost-effective business practices in the affordable housing market.

Topics Include:

• An Overview of the LIHTC Program
• Helpful Hints from the IRS Audit Guide
• Owner and Management Responsibilities for Documentation of Rent, Utility Allowances, Empty Units, Waiting Lists, etc.
• The Consequences of Noncompliance
• Knowing How Many Low-Income Units You Need at Your Property
• Knowing How to Qualify Applicants for Your Tax Credit Property
• Knowing How Much Rent You Can Charge
• Understanding Recertification and the Available Unit Rule
• Managing Vacant Units and Transfers
• Understanding How to Manage a Tax Credit Property with Other Funding Sources
• Managing a HUD-Assisted Property with Tax Credits
• And much more!

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Table of Contents

Preface — Introduction to the Tax Credit Housing Handbook