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Updated almost 4 years ago,
Anyone here part of the Low Income Housing Tax Credit program?
I manage a property with 50 Low Income Housing Tax Credit (LIHTC) units. I'm wondering if anyone here has experience with this as well, or if anyone can recommend another forum or website where I can pick people's brains? I'm more experienced that many landlords & property managers within this arena, however I'm wanting to brainstorm with others about best practice for how to set up lease expirations in order to capture the income from the once-yearly rent increase from HUD without creating a mess when it comes to doing the annual recertifications. We expect to receive the new increased rental rates in May, with an effective date of June 1. I'm holding off on some renewals while we figure out the best course of action for NOI as well as keeping it minimally intrusive for both on-site staff and the tenants.