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NALHFA Election Update Webinar: What Impact Will the Midterms Have On Affordable Housing?
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 Export to Your Calendar 8/22/2018
When: Wednesday, August 22, 2018
1:00 PM
Where: Webinar
United States


Online registration is available until: 8/22/2018
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Please join us for this NALHFA webinar on the new income averaging option for the Low Income Housing Tax Credit program!

 

The Consolidated Appropriations Act of 2018 provided an important enhancement to the low-income housing tax credit (LIHTC) program by adding an income averaging option for new LIHTC developments. The income averaging option is an exciting opportunity for communities as it will allow for LIHTC properties to serve a broader range of households. Families earning 80 percent AMI have a difficult time affording market-rate housing and are often left out of affordable housing programs. Additionally, allowing 80 percent AMI households into a LIHTC development can offset revenue reduction from accepting families on the lower end of the AMI spectrum.

 

In this NALHFA webinar, Eric Enderlin, President of the New York City Housing Development Corporation discusses this new option for LIHTC properties and what this change to the program means for local HFAs including:

  • What income averaging is and how it can be used for LIHTC developments;
  • Policy goals achieved through income averaging;
  • A look into the on-the-ground application of the option including a breakdown of a hypothetical project and examples of the households who will benefit; and
  • Other improvements that could help improve the LIHTC program.

 

Registration Fee

Members: FREE (log in to website for discount)

Non-members: $30.00

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