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State housing agency providing oversight to the LIHTC project
What is the _______Housing Finance Agency
What does LIHTC stand for?
Low Income Housing Tax Credit
The federal act that requires a TDHE to work with victims of domestic violence
What is the Violence Against Women Act (VAWA)
What is the Violence Against Women Act (VAWA)
Under NAHASDA, a family can be a single person or a group of people living together.
What is the Definition of “Family”?
Three acceptable tenant screening criteria under NAHASDA.
What are criminal background, rental history, and ability to pay rent?
A household of only full-time students is ineligible unless they meet special exemptions.
What is the Full-Time Student Rule?
This form certifies a building’s eligibility to receive LIHTC.
What is Form 8609?
The federal program that provides housing assistance to veterans
What is HUD VASH
What is HUD VASH
NAHASDA defines this age group as individuals 50 to 61 years old.
What is "Near Elderly"?
Three ways a TDHE may determine total household income under NAHASDA.
What are IRS rules, Census rules, and HUD Section 8 rules?
This IRS document reports noncompliance or building disposition in LIHTC projects.
What is Form 8823?
This basis represents the portion of a building used for low-income units.
What is Qualified Basis?
Mandates updates to TDHE Admissions Policies
What is HOTMA
What is HOTMA
The most talkative trainer at this event.
Who is Robin Thorne....and most knowledgeable!!
Three types of verification used in income determination. What are third-party written, oral, and tenant-provided documents?
What are third-party written, oral, and tenant-provided documents?
If a tenant becomes over-income, this LIHTC rule mandates renting the next same-size unit to a qualified tenant.
What is the Next Available Unit Rule?
Multiply this fraction by the eligible basis to calculate qualified basis. What is the Applicable Fraction?
What is the Applicable Fraction?
The qualified basis for a building with $3,000,000 eligible basis and 75% applicable fraction.
What is $2,250,000?
NAHASDA’s primary funding program for tribal housing development.
What is IHBG (Indian Housing Block Grant)?
Three types of verification used in income determination.
What are third-party written, oral, and tenant-provided documents?
If a low-income unit goes vacant, this rule requires efforts to fill it with another eligible tenant.
What is the Vacant Unit Rule?
When a building is ready for occupancy, this milestone triggers the credit period.
What is the Placed-In-Service Date?
The annual tax credit based on $2,250,000 qualified basis and 9% credit percentage. What is $202,500?
What is $202,500?
HUD income limits used to determine household eligibility under NAHASDA. What is Area Median Income (AMI)?
What is Area Median Income (AMI)?
Two household members excluded when calculating income limits in LIHTC. What are foster children and live-in aides?
What are foster children and live-in aides?