Calculation & Verification of Income for Affordable Housing Properties

Session Information

Location:

Live Webinar

Date & Time:

09/15/2022 - 09:00 am (ET)

Details: This course is being offered in partnership with Mid-Atlantic AHMA. Online registration for these sessions is handled directly by Mid-Atlantic AHMA.

Description

Course Description

A critical aspect of every affordable housing managers job is the determination of income for applicants and residents. This 2.5 hour training covers how income is defined for virtually all affordable housing programs, including the LIHTC, Section 8, HOME, and Rural Development programs, and provides guidance on how to both calculate and verify various types of income. Specific instruction is included for employment income, military pay, pensions and Social Security, self-employment, and child support. A full discussion of how household membership impacts the income determination will be included, as well as a review of the basic rules regarding the calculation of income. This section features guidance on using year-to-date information when projecting income. The course concludes with practice problems to ensure a full understanding on the part of the student and there is plenty of time for Q&A.