Back to the Basics: Compliance Is More Critical Than Ever in Tax Credit Projects

By Caitlin Jones
September 27, 2011 1 min read

Back to the Basics: Compliance Is More Critical Than Ever in Tax Credit Projects

By Caitlin Jones
September 27, 2011 0 min read

Tax Credit Advisor, September 2011: The types of non-compliance that experts are seeing in low-income housing tax credit (LIHTC) properties these days really haven’t changed much. But there appear to be some new twists and trends, underscoring the importance of having an effective compliance system for these kinds of properties.

“If I were to look at a Top 10 list of compliance problems from five years ago, it probably wouldn’t change much; maybe the order would change a little bit,” says LIHTC compliance expert A. J. Johnson, president of A. J. Johnson Consulting Services, Inc., Williamsburg, Va. “It’s still student issues and income issues and rent issues.” Read More…

NH&RA Presenting Sponsor

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Increasingly, climate solutions are central to preserving and creating wealth and well-being in communities across the country.

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Meet with your underwriter in person, provide as much data as possible on relevant inspections and offer photos of improvements you’ve made to affordable housing properties. These were just a few of the tips offered at the National Housing & Rehabilitation Association’s Summer Institute Panel: “What Can Be Done About Insurance?”

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For most organizations, radical shifts in market strategy and company makeup generally come after crises. For Rainbow Housing Assistance Corporation (Rainbow), that radical shift came not as a result of significant challenges, but as a way to leverage successful internal practices to better serve the affordable housing industry.