Key Take Away :
This webinar will take you through audit compliance for any type of affordable housing funded with either state or federal funds since different audits for various programs have different compliance issues. Know Tax Credit properties, Section 8, Rural Development or HOME funds audits and how to get through it with minimal or no issues.
Overview :
The webinar will highlight the tips for a successful LIHTC audit and provide the needed information so that you will receive a “A” rating on your audit. It will discuss how to set up your files, what needs to be included, what items to watch for, and how to prepare for the physical inspection portion of the audit.
Why Should You Attend :
Once you get notice of an impending audit, you will want to swing into action. In addition to the first-year and current resident files, the auditor may want to seek actual units, building grounds, utility-allowance documentation, marketing records, and waiting and refused lists.
Areas Covered In This Webinar :
Accounting records, including the rent roll, will also be under scrutiny. Be sure that all of these are in top shape. This webinar will help you with all of these topics.
Learning Objectives :
Learn what the auditors actually look for and how to make it easier for the auditor to navigate files
Know the various compliance issues
How to best interact with the auditor to make things go smoothly
Who Will Benefit :
Property Managers
Property Owners
Lenders
LIHTC Auditors
State Agency Representatives
For more information, please visit : https://www.atozcompliance.com/trainings-webinar/banking-financial-services/banks-and-credit-unions/tips-for-lihtc-audits/paul-flogstad/300169]
Email: support@atozcompliance.com
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509
Level:
Intermediate
Speakers Profile :
Paul Flogstad
Paul Flogstad has been involved in the real estate industry for over 38 years, including sales, construction, project management, appraisal, property management, consulting, and training.
Through his consulting company, Property Management Solutions, Paul provides training and consulting services nationwide to owners, management companies, multi-housing associations, as well as state and federal agencies.
Paul specializes in fair housing issues and has developed fair housing and outreach programs for governmental agencies and seminars that he presents to property management companies, apartment associations, and the general public nationwide. As a consultant to the State of South Dakota, Paul developed a ground-breaking fair housing awareness program that makes use of an ombudsman concept, which has proven effective in dealing with discrimination and landlord/tenant issues.
Paul holds numerous professional property management designations and currently holds the prestigious RHM designation from the National Center for Housing Management.
Paul was previously Vice President of the South Dakota Multi-Housing Association, Vice Chairman of the Minnehaha County Housing and Redevelopment Commission, and Chairman of the Sioux Falls Property Appeals Board.
In 2009, he received the Outstanding Educator of the Year award from the South Dakota Multi-Housing Association.
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