How to Strategically Manage LIHTC Properties

Discover the keys to unlocking the full potential of your low-income housing tax credit (LIHTC) property without taking unnecessary risks. Don’t miss out on the NAHB webinar Casualty Loss, Credits & LIHTC Best Practices… Oh My! on March 29, 2-3 p.m. ET, where you’ll gain insight and practical strategies from seasoned LIHTC professionals.

Topics include the various scenarios that could result in LIHTC property credit loss and recapture, as well as the impact of recent IRS notices on these events. Attendees will also learn best practices for reporting these events to a state agency or investment partners.

“It is crucial for LIHTC professionals to comprehend how casualty or presidentially declared losses affect property compliance,” said Wendy Quackenbush, one of the speakers with years of experience in LIHTC property management. “By acknowledging the distinctions in losses, this webinar will equip every professional with the necessary knowledge to handle any disaster and protect their business.”

After completing the course, participants will better understand:

• How casualty losses impact unit status at year-end;
• The differences between a unit with casualty loss, units in the turn process and units in general disrepair;
• How IRS notices impact casualty loss and disallowance of credit for LIHTC properties; and
• The process to report steps related to these issues with the state agency, CPA and investor.

Register now. Participants can earn one hour of continuing education credit. For more information, contact elearning@nahb.org.