LIHTC Essentials: Funding, Execution & Compliance

The Low-Income Housing Tax Credit (LIHTC) program, established under the Tax Reform Act of 1986, plays a key role in expanding affordable rental housing. It allows state housing agencies to allocate tax credits to support the development, rehabilitation, and preservation of housing for low-income households.

This program provides an overview of LIHTC operations, including the roles of HUD, the IRS, PHAs, and property managers. It focuses on compliance requirements, common errors, and practical strategies to maintain accurate records, manage audits, and ensure regulatory alignment.

Participants will also learn about current 2025–2026 regulatory updates, including HOTMA and NSPIRE. HOTMA aims to simplify housing program requirements ahead of its 2027 implementation, while NSPIRE introduces stricter inspection standards, updated scoring methods, and defined timelines for correcting deficiencies.

The session highlights how LIHTC drives private investment in affordable housing while requiring strict adherence to income limits, rent rules, and reporting standards.

Areas Covered -

1. LIHTC structure and purpose
2. Roles of HUD, IRS, PHAs, and property managers
3. Compliance requirements and common mistakes
4. Data collection, documentation, and audits
5. EIV and Tenant Selection Plan (TSP) basics
6. HOTMA eligibility rules and updates
7. NSPIRE inspection standards and scoring
8. Rent limits, subsidies, and reporting practices

Key Learning Points -

1. Understand LIHTC program fundamentals
2. Identify and prevent compliance issues
3. Manage audits and reporting effectively
4. Apply HOTMA and NSPIRE requirements
5. Improve data accuracy and operational efficiency

Benefits of Participating -

Noncompliance in LIHTC can lead to serious penalties and financial risk. This session helps participants avoid common mistakes, strengthen internal processes, and stay aligned with evolving regulations.

Ideal Participants -

1. Property Managers and Housing Administrators
2. Compliance and Audit Professionals
3. PHA Staff and Housing Authorities
4. Real Estate Developers and Investors
5. Inspectors, Consultants, and Advisors