Novogradac LIHTC Allocation/Underwriting Basics (Fall 2025)

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.

For the course WITH the certification, please click here.

Eligibility: Anyone
Format: online lectures via Zoom
When: 3 p.m. Eastern on Thursdays, October 9 through November 13
Length: 1 hour and 30 minutes each
Homework: 4 self-graded assignments
Reading: Introduction to LIHTCs (recommended to read in advance)

Topics Covered:

October 9 – Introduction

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

October 16 – Eligible Basis and Boost

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

October 23 – Applicable Fraction and Tax Credit Rate

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

October 30 – Equity Investment

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

November 6 – Qualified Allocation Plans

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

November 13 – Post-Award

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

WAHN members get a 15% discount, keep an eye out for Breakfast Bites to receive the code.

Register