Description
For a household to be eligible to move into a tax credit unit, the household must be at or below the applicable income limits. Not only does the income limits help us determine a household’s eligibility, they also help determine the amount of rent an owner can charge for a unit and still be in compliance. Rules can be tricky, especially when you begin to look at when the project places in service and how that date can affect income limits, how the optional and non-optional fees can affect the rent you charge and special rules pertaining to the amount of rent that can be charged if the unit is receiving federal rental assistance.
In this 90-minute webinar, Tari Bradley, E&A Team’s Housing Compliance Trainer, will review information pertaining to income and rent limits for tax credit housing.
Topics will include:
- Placing in Service
- Income Limits: Held Harmless Limits, National Non-Metro Income Limits, HERA Special Income Limits
- Rent Limits: Maximum Rent Limit, Gross Rent, Utility Allowances, Federal Rental Assistance, Non-Optional Fees, Gross Rent Floor, Noncompliance with Gross Rents
Objectives
Attendees will have:
- A better understanding of income limits and rent limits as they affect the tax credit affordable housing units.
- A comprehensive course manual that attendees can utilize to ensure compliance with their income and rent limits.
Certificate
By completing/passing this course, you will attain the certificate Know Your Limits Certificate
Refunds
Refunds must be requested by sending email to helpdesk@EandATeam.com
Refunds must be requested prior to taking the course exam.
NO REFUNDS will be issued for courses that are complete!
Refunds are issued back to the credit card used for payment and may take 5-7 business days to process.
Legal Disclaimer
E&A Team, Inc. provides information and consultation to the housing industry. E&A Team, Inc. is not engaged in the practice of law and cannot render legal advice. The information provided by E&A Team, Inc. should not be construed as legal advice to be applied to any specific factual situation. If legal advice is needed, users are urged to consult a competent attorney. E&A Team, Inc. makes every effort to provide accurate and complete information. However, we make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of herein and expressly disclaim liability for errors and omissions in the contents of the information contained herein.
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