Understanding PHFA LIHTC & HOME Compliance Requirements

This training provides guidance on how to meet the various Pennsylvania Housing Finance Agency (PHFA) Low-Income Housing Tax Credit Program (LIHTC) and PennHOMES Program requirements. This session focuses on PHFA’s specific state requirements that developers, owners and managers must follow when PennHOMES funding is attached to a LIHTC property. We will focus on the precise PHFA policies and procedures that must be met, including calculating and documenting income under HOTMA regulations; the difference between floating and fixed HOME units; how to correct an over-income household that results in a unit being out of compliance; the timeline of when documents are required to be submitted to PHFA, and what to expect during an annual management review.

All attendees will receive a Certificate of Attendance.