LIHTC - Top 10 Errors to Avoid

Applies to Tax Exempt Bonds, HUD, RD, LIHTC, and HOME

Zeffert & Associates has conducted thousands of affordable housing file reviews throughout the country. We have identified issues that commonly create problems when establishing household eligibility. This session explores issues common to many affordable housing programs relating to income eligibility. Depending on context of the session, issues specific to certain programs will also be addressed. For example, student status from HUD, RD or the tax credit perspective. Practical hints to avoid mistakes in the first place will also be shared.

• Introduction and retaining affordable housing funding
• Income limits
• Insufficient application issues
• Insufficient verification issues
• Income calculation issues
• Specific program issues
• Conclusion