NAHB Learning
Understanding How to Establish "Gross Rents" for LIHTC Properties: Webinar: NAHB: REPLAY
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- All Users - $39
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Understanding how to establish gross rents for Low-Income Housing Tax Credit (LIHTC) properties was paramount for developers, investors, and property managers. Gross rents, which encompassed rent and utility payments, directly impacted housing affordability. Properly establishing gross rents ensured compliance with LIHTC regulations. Errors in determining rents on a LIHTC property posed a significant risk of credit loss. This webinar focused on ensuring that residents were not charged excess rent or inappropriate fees. The session covered utility allowance requirements, allowable fees, charges for common areas, commercial activities, and rent requirements when federal rental assistance was present.
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Marie Peace (Moderator)
VP of Compliance, The Franklin Johnston Group
Marie Peace, Vice President of Compliance, oversees the compliance team of five and is responsible for all facets of compliance for the company’s affordable portfolio. Her team reviews every single file upon initial move in and recertification. During annual audits, TFJG has had no reportable file findings in the last three years. She is a frequent speaker at the Virginia Governor’s Housing Conference, and leads numerous tax credit webcast trainings with various tax credit consultants for owners and developers of affordable housing communities annually. Prior to joining TFJG, Marie worked as a consultant with A.J. Johnson Consulting to review files for partners and investors across the country.
Certifications:
HCCP
C3P
A.J. Johnson
President, A.J. Johnson Consulting Services, Inc.
A.J. Johnson is the President of A.J. Johnson Consulting Services, Inc., and has over 40 years in the affordable housing industry. As a developer, Mr. Johnson has developed over 70 multifamily housing complexes utilizing federal, state, and conventional financing, of which more than 40 used the federal low-income housing tax credit. His organization, A.J. Johnson Consulting Services, has performed asset management reviews on more than 6,000 properties containing approximately 660,000 units since January 1995. A.J. is also the author of A Property Manager’s Guide to the Low-Income Housing Tax Credit, which was written to assist site and property managers in maintaining tax credit compliance.
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