LIHTC Compliance and Training—Supporting Your Success
We bring you LIHTC support exactly the way you want it.
Accurate. Thorough. Reliable. Proven.
It's a new day in LIHTC compliance. Our real-world approach is unlike any other. Having grown up in the Affordable Housing industry and worn all of the hats, we know firsthand the headaches and concerns you face when accepting and processing applications for approval, getting and keeping staff trained in all aspects of compliance, and having the dependable support you need.
Whether you are new to Affordable Housing, a veteran property manager, owner, or investor, Karen A. Graham Consulting is here to make your life easier. Disciplined and experienced, we're in touch with all that's on your plate and ready to lighten your load. With our experienced team and proven approach, we handle the tedious tasks you need done and done well. We act as a partner, not a vendor. Let us get to work on your behalf.
Upcoming Public Trainings
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LIHTC Training + HCCP Exam (10/21 & 10/22)
Nashville, TN
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LIHTC Training + HCCP Exam (12/8 & 12/9)
Indianapolis, IN
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News & Updates
- HUD’s Office of Multifamily Housing has updated its FAQ guidance
- HUD Releases 2020 Income Limits Effective 4/1/2020 - On March 31, 2020, HUD published the 2020 income limits for HUD programs, Low-Income Housing Tax Credit, and Tax-Exempt Bond programs. The limits are effective on April 1, 2020.
- CARES Act Signed Into Law 3.27.2020
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January 1, 2020: 2020 Mileage Rates
Business Mileage: $0.575, down from $0.58 in 2019
HUD Medical Mileage Expense: $0.17 per mile, down from $0.20 in 2019 - Social Security Administration Announces 1.6% Increase for 2020 - The Social Security Administration has announced a 1.6 percent cost-of-living adjustment (COLA) for 2020. It will begin with benefits payable to more than 69 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics.
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October 2019 - NCSHA publishes Model Compliance Forms for Housing Credit Developments
All state Housing Credit agencies require Housing Credit development owners to use specific forms in their compliance reporting. The National Council of State Housing Agencies, in collaboration with our members and stakeholders, developed these Model Compliance Forms for agencies to provide to development owners and other Housing Credit industry professionals:
- Owner’s Certification of Continuing Program Compliance
- Tenant Income Certification
- Employment Verification
- Certification of Zero Income
- Under $5,000 Asset Certification
- Student Self-Certification
- Student Status and Financial Aid Verification
- HUD Releases 2019 Income Limits 4/14/19
- On February 26, 2019, the Internal Revenue Service published final regulations to amend compliance monitoring regulations for Low Income Housing Tax Credit (LIHTC) properties. The regulations adopt temporary regulations published Feb. 25, 2016 with a few changes. It impacts the number of days notice for an audit (from 30 to 15) and the number of units to be inspected (based on HUD REAC chart, not 20%).
- On February 23, 2019, HUD released notice Standardization of REAC Inspection Notification Timelines limiting the notice for REAC inspection to 14 days.
- The Hunt for Information - December 2018 HCCP The Credential article by Karen Graham
- Social Security Administration Announces 2.0% Increase for 2019 - The Social Security Administration has announced a 2.8 percent cost-of-living adjustment (COLA) for 2019. It will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2018. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics.