About This Session

This education course qualifies for 1.5 hours of Continuing Education Units for CPO, NAHP, NAHP-e certifications and renewals.

This course explores common compliance failures that can threaten Low-Income Housing Tax Credits and cause credit loss, recapture, or negative IRS reporting. Participants will understand how tax credits are lost, the significance of the “compliance trilogy”—proper rents, property habitability, and qualified residents—and the seven key risk areas often leading to LIHTC noncompliance. Topics include rent and fee errors, utility allowance requirements, income determination, household composition, misapplication of the student rule, habitability standards, unit transfers, missed program deadlines, and errors that reduce eligible basis. The course also covers practical documentation expectations, correction timeframes, and typical physical inspection deficiencies. Emphasis is on spotting issues before state agency reviews, applying IRS and HUD guidance correctly, and maintaining site-level practices that safeguard the owner’s credits throughout the compliance period. This training is intended for LIHTC owners, managers, compliance staff, and asset management professionals.

Presenter

A. J. Johnson
A. J. Johnson Consulting Services, Inc.
A.J. Johnson is a nationally recognized leader in affordable housing. A.J. Johnson is president of A.J. Johnson Consulting Services, Inc. and has over 40 years in the affordable housing industry. Johnson has developed over 70 multifamily housing complexes using federal, state and conventional financing, of which more than 40 used the LIHTC. A.J. Johnson Consulting Services has performed asset management reviews on more than 6,000 properties containing approximately 660,000 units since January 1995.

Agenda

9:15 a.m. Sign On

9:30 – 11:30 a.m. Virtual Session, Including Q&A

Registration

Fees and reasonable expenses for the course are an approved project expense. Cancellation Policy: Registration fees will be refunded less a $50 processing charge ifreceived in writing ten (10) business days prior to the seminar.  Substitutions, but no refunds, can be made after that date.