LIHTC Essentials-Participant Guide

Participant Guide - LIHTC Essentials
Pdf Summary
This participant guide is a comprehensive LIHTC training workbook covering multiple compliance modules and hands-on exercises.<br /><br />Module 3 focuses on AMI, set-asides, and rent calculation. Participants practice determining maximum gross rent using income limit charts and formulas, then calculating maximum tenant rent by subtracting utility allowances and mandatory fees. Sample scenarios include different unit sizes, AMI levels, and utility responsibilities.<br /><br />Module 4 covers eligibility and verification. It presents fair housing and equal access scenarios that test applicants’ treatment, screening consistency, voucher-related bias, reasonable accommodation requests, and proper tenant selection plan procedures. It also includes an application review exercise where participants identify all required documentation for income, assets, and student status based on a sample household questionnaire.<br /><br />Module 5 teaches income and asset calculations for Tenant Income Certifications (TICs). Participants calculate annual household income from wages, benefits, child support, self-employment, and other sources using provided verification documents. Asset exercises require determining cash value, actual income, and possible imputed income from bank accounts, CDs, money market accounts, savings, and checking accounts, with a passbook-rate threshold for total asset income.<br /><br />Module 5.3 applies these calculations to eligibility and rent-limit review. Participants compare household income to AMI limits, assess rent compliance using utility allowances and fees, and determine whether units meet LIHTC income and rent requirements.<br /><br />Module 7 addresses ongoing occupancy and good-cause eviction standards. Scenarios test whether repeated lease violations, occupancy concerns, life-safety issues, leaks, and sanitation problems meet the “serious and repeated” threshold and what documentation is needed.<br /><br />Module 8 covers corrective action planning after compliance findings. Issues include improper income annualization, missing recertification follow-up, unverified child support, premature move-in approvals without TIC completion, and long-vacant units lacking marketing documentation. Participants must identify corrective steps and possible noncompliance consequences.
Keywords
LIHTC
compliance training
AMI
rent calculation
eligibility verification
income certification
asset calculation
fair housing
good-cause eviction
corrective action plan