This two-hour course provides a detailed discussion of requirements related to the determination of asset value and income, and is applicable to all federal housing programs, including the low-income housing tax credit, tax-exempt bonds, Section 8, Section 515, HOME, and Public Housing. Multiple types of assets are covered, both in terms of what constitutes an asset and how they must be verified. The course concludes with a series of problems, designed to test the ability of the attendee to determine the value of an asset and calculate the income from that asset.

The course “Compliance with Federal and State Fair Housing Requirements” will equip attendees with the knowledge and understanding needed to avoid fair housing violations.  The course curriculum is centered around the regulations in the two major fair housing laws, The Fair Housing Act (Title VIII of the Civil Rights Act of 1968) and Section 504 of the Rehabilitation Act of 1973. The course also includes a discussion of the additional state and local protected characteristics. In addition, relevant portions of the American with Disabilities Act (ADA) are covered.  The purpose of the Fair Housing Act is to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities. Professional fair housing training assists in this mission by ensuring that housing professionals understand both the rights of the public relative to fair housing and the duties and responsibilities of real estate professionals.

The Average Income Minimum Set-Aside Test was added to the LIHTC program in March 2018.  While it is being implemented successfully on many properties, there remains a good deal of industry-wide confusion about the use of the AI set-aside and the risks involved.  This one-hour live webinar will review the requirements of the AI, discuss the risks of this set-aside, and provide best practice recommendations for implementation of the Average Income test.  The Webinar will be presented by A. J. Johnson, a nationally recognized expert on affordable housing who has already provided compliance oversight on multiple properties using the AI set-aside.