National WAHN (Virtual): LIHTC Allocating/Underwriting

Novogradac & Company LLP and Women’s Affordable Housing Network (WAHN) have teamed up to provide a deeply discounted LIHTC basic training for WAHN Sponsors! Keep an eye on for a discount code exclusively for our sponsors!

Sponsor WAHN today to get this discount.

The purpose of this training is to teach the fundamental concepts of allocation and underwriting. Through class participation and homework assignments, attendees will increase their understanding of what is necessary to start work in these areas. The content would be useful for developers, equity providers, lenders, attorneys, and agency staff.

Eligibility: Anyone
Format: online lectures via Zoom
When: 3 p.m. Eastern on Wednesdays, May 14 through June 18
Length: 1 hour and 30 minutes each
Homework: 4 self-graded assignments
Reading: Introduction to LIHTCs (recommended to read in advance)
Sample Certificate

Topics Covered:

May 14 – Introduction

• Basics of how the program operates
• The four main components
• Finding rent and income limits

May 21 – Eligible Basis and Boost

• Understanding the overall concepts
• Applying these concepts to examples
• The three kinds of 30% boost

May 28 – Applicable Fraction and Tax Credit Rate

• Setting up the spreadsheet
• Changing variables to see the effects

June 4 – Equity Investment

• Ownership entity structure
• Types of risks
• Time value of money

June 11 – Qualified Allocation Plans

• Federal legal requirements
• The four main components
• Practical realities of implementation

June 18 – Post-Award

• Carryover and 10% Test
• Extended Use Agreements
• Form 8610 and Cost Certifications