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How to ace a low-income housing tax credit audit

Maintaining compliance on a housing credit property can be very frustrating for on-site managers. From their point of view, compliance comes down to whether or not their files pass the auditor's review. If you expect your on-site staff to become experts in determining eligibility and maintainin...

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Bibliographic Details
Published in:Journal of Housing and Community Development 2000-05, Vol.57 (3), p.33
Main Author: Moreland, Elizabeth
Format: Article
Language:English
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Summary:Maintaining compliance on a housing credit property can be very frustrating for on-site managers. From their point of view, compliance comes down to whether or not their files pass the auditor's review. If you expect your on-site staff to become experts in determining eligibility and maintaining documentation, they must have training. Begin by educating your staff in the general parameters of Low-Income Housing Tax Credit properties-income restrictions, set asides, and first available unit rules. Your on-site managers must become documentation experts.
ISSN:1534-648X