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May 14, 2024: Expanding Knowledge of Compliance for Mixed-Income Tax Credit Properties

Published by Michael J. Novogradac on May 14, 2024, 3:36 p.m.

Property compliance is multilayered for owners and managers of low-income housing credit (LIHTC) properties, with complexity increasing for mixed-income properties, which are properties whose renters make up to varying levels of the area median income, often including market-rate apartments. In this episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Stephanie Naquin, HCCP, COS, delve into compliance for mixed-income properties that use the LIHTC. They discuss the definitions of 100% affordable housing and mixed-income housing, recertifications, the next-available-unit rule and more.

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