Demystifying the Tenant File Audit Process at Tax Credit Projects


December 5, 2017
2:00 – 3:30 PM EST

Does preparing for or participating in a tenant file audit by the State HFA, tax credit investor or other third-party cause you unnecessary anxiety? Perhaps you’re looking for some best practices for organizing your tax credit property’s tenant files. If you’re new to the LIHTC program or a compliance professional looking for a practical refresher training, this webcast is for you.    
Join Vinnie Viola and Marie Peace (scroll down for bios) for a new 90-minute interactive training designed for multifamily professionals that process rental applications and tenant income certifications at the site-level or corporate office. The three-part training features: a) best practices for preparing for a file audit and organizing files for ease of review, b) brief overview of the types of noncompliance on IRS Form 8823 directly in the property manager’s control and c) several interactive on-screen exercises with sample tenant files.  Vinnie and Marie have collaborated on other successful compliance trainings. They offer complementary perspectives as seasoned tax credit asset manager and affordable housing compliance expert, respectively. Attendees may submit questions for real-time discussion and participate in several on-screen exercises.
Prerequisite: Attendees should have a basic understanding of the LIHTC (Section 42) program and HUD Handbook 4350.3. This training focuses on LIHTC program requirements and will not consider compliance with other federal or state affordable housing programs.

Part I – Preparing for the On-Site File Audit

  • Tenant File Format Consistency
  • Property Information Binder
  • Supplemental Third-Party Reports
  • Audit Sample Size

Part II - Overview of Form 8823 and Types of Noncompliance with Tenant Files
Part III - Let’s Audit Several Tenant Files

  • Audit Led by Presenter
    • Application
    • Tenant Income Certification (TIC)
    • 3rd Party Verifications
    • Lease
  • Interactive Audit — What Catches Your Eyes

Part IV – Checklist for Your Next File Audit

Registration fee: 


Type of event: 

Partner Events

Learning area: 

Real Estate Development


Birch Island Real Estate Consulting