Last summer, as part of the "Housing and Economic Recovery Act of 2008," Congress enacted important changes to the Low Income Housing Tax Credit (LIHTC) program regarding income limits and recertifications. The changes include eliminating the requirement for the annual recertification of tenant incomes in 100% Housing Credit properties and changing how rural rent/income ceilings are determined.

Join NAHB Multifamily on for “LIHTC Income Limits: Keeping Your Property in Compliance with the New Rules,” a one-hour web seminar as experts in LIHTC compliance review these changes and explain how they will affect multifamily businesses.

The seminar will take place Thursday, March 26 at 2:00 p.m. ET.

Seminar presenters will:

• Provide an overview of the new method for calculating income limits in areas held harmless in 2007 or 2008 and the effects on new properties
• Go over the rural income limits in depth, including how to determine if your property qualifies
• Discuss the annual tenant income certification waiver in 100% low-income properties and practices to keep your property in compliance

You’ll be able to ask questions via phone after the presentation, or you can submit them in advance to cmcguire@nahb.com. Submit your questions by Friday, March 20.

The cost is $39 per phone site for HCG Steering members, $59 per phone site for HCG Builder members and $89 per phone site for non-members. Active Housing Credit Certified Professional (HCCP) designation holders receive complimentary registration to this event. Please contact Janice Coyle at jcoyle@nahb.com for more information.

Register for the LIHTC Income Limits web seminar today at www.nahb.org/HCG.

For more information, contact Carmel McGuire at 800-368-5242 x8207 or cmcguire@nahb.com.

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