Maximizing Your Acquisition/Rehab LIHTC Project - Springfield, IL Location: Hilton Springfield (http://www1.hilton.com/en_US/hi/hotel/SPFSHHF-Hilton-Springfield-Illinois/index.do)
700 East Adams Street
Springfield, Illinois 62701
(217) 789 - 1530
Time: Thursday, June 7, 2012; 9:00 AM - 4:30 PM - NEW DATE
Continental breakfast and registration begin at 8:30 AM
Lunch at 12:30 PM (on your own)
BRING A CALCULATOR TO CLASS
AGENDA FOR MAXIMIZING YOUR ACQUISITION/REHAB LIHTC PROJECT
Part 1 - Introduction to Acquisition/Rehab LIHTC Projects
- IRS guidance on acquisition/rehab LIHTC projects
- Significance of the PIS dates, the minimum set aside and the credit allocation
- Understanding the first year averaging convention and the two-thirds rule
- LIHTC income limits, available unit, vacant unit, andtransfer rules
- Significance of the 8609 form
- Development/management coordination
- Case Study Part One
Part 2 - Acquisition/Rehab With Existing Residents
- Completing the rehabilitation the year of acquisition
- Completing the rehabilitation the year following acquisition
- The Safe Harbor Rule
- Leasing requirements
- Successful resident files
- Case Study Part Two
LUNCH - ON YOUR OWN
Part 3 - Resident Relocation Issues
- Residents rights
- Relocating a resident within the same project
- Relocating a resident to a building included in a different project
- Relocating residents between buildings with different PIS dates or credit periods
- Relocating residents when the owner commits to deep rent skew
- Relocating residents off the project
- Tracking relocation activities
- Case Study Part Three
Part 4 - Special Situations
- Rehabilitating empty buildings
- Rehabilitation credits only
- Bond-financed LIHTC projects
- Ac/ rehab for HUD multifamily and public housing projects
- HOME funded projects and projects with state/local funding
- Housing choice voucher program participants
- Resyndicating existing LIHTC projects
- Placing additional credits in service during the15-year compliance period
- Case Study Part Four
Part 5 - Wrap Up With Questions
