Section 42 Compliance
Presented by A. J. Johnson Consulting Services, Inc.
State Agency reviews and IRS scrutiny of Section 42 Low‑Income Housing Tax Credit properties continues to intensify, and compliance requirements are now more complex than ever.
As a manager, owner, or investor in tax credit properties, the best way to protect your investment is to ensure that you and your staff fully understand the requirements of the program. The LIHTC Guide gives you that foundation — along with income calculation tools, AI‑powered document analysis, and an on‑demand compliance chat to help you work smarter and stay ahead.
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IRC §42 Statutes
Browse the full text of Section 42 of the Internal Revenue Code with structured navigation.
FreeHUD Guidance
Access HUD handbooks, notices, and guidance documents relevant to LIHTC compliance.
FreeState Guidance
Browse qualified allocation plans and state agency compliance manuals for LIHTC properties, organized by state.
The Professional Property Manager’s Guide to the Low-Income Housing Tax Credit
A comprehensive operational manual for property managers of tax credit housing, covering the full spectrum of Section 42 compliance: income and rent determinations, resident qualification, documentation, recertification, and noncompliance. A practical reference for navigating the complex IRS regulations that govern the program at the property level.
The Professional Property Manager’s Guide to Compliance with the Violence Against Women Act
A comprehensive training manual covering every aspect of the Violence Against Women Act as it applies to federally assisted housing: tenant protections, certification procedures, emergency transfers, lease bifurcation, and confidentiality requirements. Aligned with HUD’s Final VAWA Rule and includes model HUD forms ready for implementation.
Critical Elements of Low-Income Housing Tax Credit Management
Designed for professionals new to affordable housing management, this guide builds a foundational understanding of LIHTC compliance requirements (from rent restrictions and tenant eligibility to asset rules and IRS reporting), giving you the confidence to manage tax credit properties correctly from day one.
Section 42 Low-Income Housing Tax Credit Program: Advanced Issues
Written for seasoned affordable housing professionals, Advanced Issues goes beyond the basics to equip developers, asset managers, and compliance specialists with in-depth knowledge of complex program mechanics: credit calculations, recapture rules, acquisition deals, IRS forms, and tax-exempt bond compliance.
Compliance with Federal Fair Housing Requirements
A comprehensive, case-law-driven guide to understanding and applying federal fair housing requirements: protected classes, prohibited activities, disability accommodations, advertising rules, and the HUD enforcement process. It equips your team to avoid costly violations and foster a truly inclusive community.
Guide for Completing Form 8823
This IRS Audit Technique Guide (Publication 5913) provides comprehensive instructions for completing Form 8823 to report noncompliance or building dispositions in Low-Income Housing Credit properties under IRC Section 42. It covers all 16 categories of noncompliance, from income limits and rent restrictions to physical inspection standards and fair housing requirements, with detailed guidance on determining compliance status, documenting violations, and understanding correction procedures.
Income Limits
Look up current and previous HUD income limits and maximum rent tables by area, household size, and AMI percentage.
Paystub Calculator
Annualize employment income from pay stubs to determine annual gross income for LIHTC certification.
RD Eligibility
Check Rural Development eligibility for any address using USDA property eligibility data.
FreeMilitary Reference
Look up BAH rates, basic pay, BAS, and clothing allowances by year, rank, ZIP, and branch.
Asset Calculator
Calculate net family assets and income from assets under HOTMA rules with imputed income scenarios.
Explore All Tools
Income calculators for pay stubs, hourly wages, salaries, benefits, and AI-powered compliance chat.
Paystub Analysis & Calculation
Securely upload paystubs to have the data extracted and analyzed. Calculations are completed for you in seconds and detailed, easy-to-understand calculation methodology worksheets are available to print.
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Employment Verification Analysis & Calculation
Upload employment verification documents to extract hourly rates, overtime, shift differentials, and other key aspects provided by employers. Annual income projections are calculated automatically, with detailed printable worksheets ready to include in household files.
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Income Limit & Rent Tables
Current and previous HUD income limits and maximum rent tables organized by area, household size, and AMI percentage. Always up to date and designed for fast lookups.
AI Compliance Chat
Ask any LIHTC compliance question and get answers grounded in statutes, regulations, and agency guidance. Every response cites its sources with direct links to the relevant sections.
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Save results from any tool
Run a paystub, salary, hourly, YTD, benefits, asset, or military calculation, then save it straight to a household with one click.
Organize by household
Group calculations by household with property name, unit number, and member count, so you can find any case fast.
Automatic income & asset totals
Household income and total asset cash value are summed across saved results, each with a per-source breakdown.
Notes & recordkeeping
Add timestamped notes to any household to keep a running record alongside the figures.
Reopen in the calculator
Any saved result reloads back into its tool with every input intact, so you can review or adjust the calculation.
One combined PDF
Generate a single PDF that combines every saved worksheet for a household, or print any result on its own.
LIHTC Project Database
Search more than 50,000 LIHTC projects placed in service from 1987 through 2023. Filter by state, city, credit type, construction type, sponsorship, QCT/DDA basis boost, bond financing, population targeting, and compliance monitoring status. Customize which columns appear in your results, sort by any field, and export to CSV for further analysis.
Explore the database
FreeProject Map
Visualize the national LIHTC portfolio on an interactive map. Intelligent marker clustering reveals where projects concentrate, and real-time filters let you narrow by state, credit type, construction type, sponsorship, and year range. Click any project for a detailed popup with unit counts, credit allocation, and key characteristics.
Open the map
FreeLIHTC Tenant Data
Analyze 14 HUD tenant characteristic tables covering household size, race and ethnicity, disability status, family composition, income distribution, rent burden, and federal subsidy sources. Compare data across states and years from 2018 through 2023, with automatically generated charts for trend analysis and state-by-state comparison. Export any view to CSV.
Explore tenant data
Grounded in the Source Material
Every answer is drawn directly from statutes, regulations, compliance guides, and HUD guidance — never fabricated.
Cited Sources
Responses include inline links to the exact sections referenced, so you can verify and read further in context.
Conversational Follow-Up
Ask follow-up questions that build on previous answers. The chat maintains context across the full conversation.
Property Managers
Whether new to Section 42 or looking to deepen your compliance foundation.
Experienced Managers
Stay current with ongoing regulation changes and updated agency guidance.
Owners & Investors
Protect your Section 42 investment by understanding the compliance landscape.
Compliance Professionals
A comprehensive desk reference for consultants and compliance officers.
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