01
20-50
20-50 set-aside
At least 20% of units at 50% of area median income.
IRC §42(g)(1)(A)
LIHTC workflow evaluation
LIHTC Compliance Software for Layered Tax-Credit Properties
Evaluate software with representative records, current program guidance, and the people responsible for compliance decisions. Verify calculations, approvals, corrections, source data, exception handling, and written product scope before relying on any workflow.
Start with governing sources and representative records.
LIHTC requirements depend on the project, election, compliance year, household facts, allocating-agency guidance, and applicable federal authority. Build the evaluation around the records your team actually reviews and confirm exceptions with qualified compliance counsel.
Set-aside and election
Document the project election, placed-in-service facts, applicable limits, and the source used for each calculation.
Household and unit records
Test certification, recertification, designation, rent, utility-allowance, and correction workflows with anonymized examples.
Evidence and approvals
Confirm who approves a decision, what evidence is retained, how corrections work, and which exports support review.
LIHTC compliance software enforces the rules of IRC §42 throughout a property's compliance period. For related guidance, review LIHTC compliance guidance for affordable housing.
02
40-60
40-60 set-aside
At least 40% of units at 60% of area median income.
IRC §42(g)(1)(B)
03
AIT
Average Income Test
Units average 60% AMI across designations from 20% to 80%.
IRC §42(g)(1)(C)
Evaluation framework
Test LIHTC workflows before accepting product claims.
Available Unit Rule
For many applicable households, the analysis compares income with 140% of the applicable income limitation. Exceptions and special rules can change the result, so verify the governing source, household facts, notice timing, and next-available-unit process.
Average Income Test
Test how designations, effective dates, transfers, corrections, and the project average are sourced and reviewed. Confirm the implementation against current IRS and allocating-agency guidance.
Layered requirements
Bring a property with the actual programs your team administers and verify how conflicting limits, approvals, documents, and reporting responsibilities are handled.
Trace each calculation back to its source.
Use an anonymized certification packet to review household composition, income, assets, deductions, utility allowances, rent, unit designation, effective dates, and approvals. Ask the vendor to show the source, calculation, exception path, correction history, and retained evidence for every result.
Document the workflow your team must approve.
Certification and recertification
Review intake, verification, calculation, approval, correction, signature, and document-retention steps.
Available-unit review
Test a representative over-income scenario, including exceptions, notice dates, building-level facts, vacancy sequencing, and the staff responsible for the decision.
Average-income review
Test designation changes, transfers, corrections, source limits, and the project-level review your compliance team performs.
Treat citations as a starting point, not a product guarantee.
Ask which federal authority, IRS guidance, state HFA material, and owner policy supports each workflow. Confirm how sources are updated, how effective dates are preserved, how exceptions are documented, and who owns the final compliance decision.
Confirm included scope in writing.
Request a proposal that identifies the LIHTC workflows included in the subscription, optional services, implementation responsibilities, training, support, data migration, integrations, exports, retention, renewal terms, and exit assistance.
Review pricing and scope questionsIn their words
What operators say after switching
“
ExactEstate implemented our software in days, not weeks. Any customized request is executed immediately. We now run TRACS submissions, lease signing and background checks all through this single platform. Complete game changer for our team.
JGJoe G.Real Estate Owner
“
Considering this is a tax-credit community, ExactEstate makes daily tasks like recertifications, nightly reports, marketing, intake applications, and delinquencies more fluent to navigate. It's modern, intuitive and low time consuming.
JCJuan Carlos B.Compliance, Tax Credit Community
LIHTC software evaluation questions
How should a team evaluate LIHTC compliance software?
Use current program guidance, representative property records, documented expected results, and qualified reviewers. Compare calculations, approvals, corrections, evidence retention, exports, and exception handling across vendors.
How should the 140% rule be described?
For many applicable households, the analysis compares income with 140% of the applicable income limitation. Exceptions and special rules may apply, so confirm the governing authority, project facts, household facts, and next-available-unit requirements before acting.
How should the Average Income Test workflow be evaluated?
Test designations, effective dates, transfers, corrections, source limits, project averaging, approval roles, and retained evidence against current IRS and allocating-agency guidance.
Keep exploring
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Affordable Housing Compliance
Model LIHTC, HUD, Section 8, USDA, and TRACS at once — on the same unit.
Explore the hub Related spokeTRACS Software
Native TRACS 203A submission through ShofCorp for PBRA and Multifamily operators.
View TRACS Related spokeHUD Multifamily Compliance
HUD Handbook 4350.3, HUD-50059, EIV, MAT files, and MOR-ready audit trails.
View LIHTCReview LIHTC workflows with your own requirements.
Bring an anonymized property scenario and the current sources your team uses. ExactEstate can demonstrate the stored workflow, while your compliance professionals verify the expected result and document any exception.
Book a workflow review