Compliance & Credits:
The Tools, The Rules and How They Affect Your HUD Multifamily Housing
Project
November 1 - 2, 2007
Millennium Biltmore Hotel
Los Angeles, CA
Conference Overview
While there is no question that HUD has been a cornerstone in affordable housing
and development for more than 70 years, the Low-Income Housing Tax Credit (LIHTC)
program - born 50 years after HUD's inception - has proven to be a powerful tool
in developing affordable multifamily housing. Thousands of properties, including
a large portion of tax credit developments, exist only because of the financial
foundation that HUD can provide. In recent years, however, HUD's official and unofficial
requirements have increased exponentially resulting in potentially successful programs
being burdened with criticism and violation enforcement. This environment of heavy
scrutiny costs borrowers and lenders thousands of dollars as they are forced to
demonstrate compliance or are fined for what some industry observers would classify
as merely "technical violations."
This conference will shed light on the potential obstacles for new lenders and borrowers
in HUD properties - both with and without tax credits - as well as offer tips for
more cost effective asset management. A highlight of the conference will be the
interactive case studies on the second day that will illustrate the possibilities
behind a few of the obvious - and a few of the obscure - compliance and tax credit
issues.
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