Planning the Lease-Up for Your LIHTC Project Webinar Tuesday, February 28, 2012; 12:00 Noon - 4:00 PM, Eastern Time
This 4 hour interactive discussion, (including a 15-minute break), addresses the concepts that a developer and property manager must understand to successfully plan the lease-up for their LIHTC project.
- The information a participant needs to connect to the webinar is sent by email the day prior to the class. A Power Point presentation of the webinar is attached to the email. Only those who have registered and paid for the class receive this email.
- The class is presented as a webinar, but a participant may elect to follow it as a teleclass by utilizing the Power Point presentation provided the day before the training is scheduled.
- Beginning in 2012, all webinars presented by Liz Bramet Consulting's Training Center include exercises for participants to complete at strategically timed points during the training to confirm each person's understanding of the course material.
- Questions are encouraged before, during, and at the end of the class.
AGENDA FOR PLANNING THE LEASE-UP FOR YOUR LIHTC PROJECT
Part One - LIHTC Concepts Fundamental to Planning A Lease-Up
- The Placed in Service Date
- Defining an LIHTC Project
- The Minimum Set Aside
- The Targeted Applicable Fraction
- The Credit and Compliance Periods
- The Two-Thirds Rule
- The First Year Averaging Convention
- The Income Limit
- Maximum Allowable Rent
- Vacant Unit and Transfer Rules
Part Two - Goals for a Successful LIHTC Lease-Up
- Meeting the Credit Delivery Schedule Promised Investors in the Partnership Agreement
- Avoiding any Negative Adjustors Allowed in the Partnership Agreement
- Receiving Benefit from Any Positive Adjustors Allowed in the Partnership Agreement
- Avoiding the Impact of the Two-Thirds Rule
- Understanding the Impact of the First Year Averaging Convention when Leasing Each Unit
- Responding to Market Pressures
- Producing the Largest Possible LIHTC ASAP
- Part Three - Planning the Lease-Up for New Construction
- Coordinating the Leasing and Construction Schedules
- The 120-Day Rule
- Pre-Approving LIHTC Applicants
- Meeting the Minimum Set Aside
- Applying the First Year Averaging Convention
- Confirming Each Building's Targeted Applicable Fraction
- Confirming Year One of Each Building's Credit Period
- Utilization of the Safe Harbor Rule
- 15 MINUTE BREAK
Part Four - Planning the Lease-Up for Acquisition/Rehab
- Know the Date of Acquisition
- Know When the Developer Plans to Place Each Building's Rehab Credits in Service
- Develop Schedule for Certifying the Existing Residents Based on the Rehab PIS Dates
- Develop Report for Tracking Impact of Resident Relocation on Credit Delivery
- Meeting the Minimum Set Aside
- Confirm Each Building's Targeted Applicable Fraction
- Utilization of the Safe Harbor Rule
Part Five - Miscellaneous
- HOME Funded LIHTC Projects
- Planning the Lease-Up for Public Housing/LIHTC Developments
- Planning the Lease-Up for HUD-Assisted Developments
- Resyndication
Part Six - Wrap Up With Questions
