- Date
- March 21, 2025
- Time
- 8:30AM - 5:00PM (CST)
- Sponsor
- Chicago Chapter
- Location
- DePaul University - Loop Campus
1 E. Jackson
Room 8206
Chicago, IL 60614
- Instructor
- Lillian S. Letton, MAI, SRA
- Class Time
- 7 hours
- Full Price
- $225.00
- AI Price
- $200.00
Enroll by March 21!
View Pricing Options
Course Description
NEW SEMINAR!
This seminar will provide you with a basic understanding of appraising affordable housing. You’ll learn about the differences between an affordable multifamily property and a conventional market rent property and discover how regulatory forces rather than the market determines income and even expenses. You’ll gain a basic understanding of how Low-Income Housing Tax Credit (LIHTC) programs work and recognize how other affordable housing programs interact with LIHTC units. By working problems, you’ll see how traditional appraisal techniques and approaches must be modified.
Read More
Who Should Enroll
- General Appraisers
- Underwriters
- Loan Officers
AI CE Points
Attend:
35
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Approval Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|---|
| AK | CE | 7 | 7 | Classroom | Classroom | 10/04/2023 | 10/04/2026 | 19650 | |
| AL | CE | 7 | 7 | Classroom | Classroom | 11/14/2024 | 09/30/2026 | C02878 | |
| AR | CE | 7 | 7 | Classroom | Classroom | 10/02/2023 | 10/02/2025 | AI110 | |
| AZ | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| CA | CE | 7 | 7 | Classroom | Classroom | 10/11/2023 | 10/10/2027 | 23CP754601558 | |
| CO | CE | 7 | 7 | Classroom | Classroom | 10/19/2023 | 10/19/2026 | 2501 | |
| CT | CE | 7 | 7 | Classroom | Classroom | 10/11/2023 | 09/28/2026 | AAL.001133 | |
| DC | CE | 7 | 7 | Classroom | Classroom | 10/18/2023 | 02/28/2026 | ||
| DE | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| FL | CE | 7 | 7 | Classroom | Classroom | 10/31/2023 | 10/30/2025 | 0010682 | |
| GA | CE | 7 | 7 | Classroom | Classroom | 09/29/2023 | 09/28/2026 | 76990 | |
| HI | CE | 7 | 7 | Classroom | Classroom | 11/07/2023 | 12/31/2025 | 23-509 | |
| IA | CE | 7 | 7 | Classroom | Classroom | 10/02/2023 | 09/28/2026 | A518-2155 | |
| ID | CE | 7 | 7 | Classroom | Classroom | 10/12/2023 | 09/28/2026 | ||
| IL | CE | 7 | 7 | Classroom | Classroom | 11/08/2023 | 12/31/2024 | 575.010686 | |
| IN | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| KS | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 491.C24.R | |
| KY | CE | 7 | 7 | Classroom | Classroom | 07/01/2024 | 05/30/2025 | ||
| LA | CE | 7 | 7 | Classroom | Classroom | 10/10/2023 | 09/29/2026 | ||
| MA | CE | 7 | 7 | Classroom | Classroom | 10/10/2023 | 09/28/2026 | 120167 | |
| MD | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| ME | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| MI | CE | 7 | 7 | Classroom | Classroom | 12/12/2023 | 12/12/2026 | 20 - 1125446 | |
| MN | CE | 7 | 7 | Classroom | Classroom | 10/23/2023 | 10/31/2025 | 1036073 | |
| MO | CE | 7 | 7 | Classroom | Classroom | 10/10/2023 | 09/28/2026 | ||
| MS | CE | 7 | 7 | Classroom | Classroom | 10/25/2023 | 10/25/2025 | MAB #50535 | |
| MT | CE | 7 | 7 | Classroom | Classroom | 10/05/2023 | 09/28/2026 | REA-CEC-REC- 17033 | |
| NC | CE | 7 | 7 | Classroom | Classroom | 02/09/2024 | 12/31/2024 | 4622 | |
| ND | CE | 7 | 7 | Classroom | Classroom | 10/13/2023 | 09/28/2026 | CE-223088 | |
| NE | CE | 7 | 7 | Classroom | Classroom | 02/14/2024 | 02/14/2029 | 223140N.02 | |
| NH | CE | 7 | 7 | Classroom | Classroom | 12/28/2023 | 09/28/2026 | ||
| NJ | CE | 7 | 7 | Classroom | Classroom | 10/26/2023 | 09/28/2026 | 2023-3439 | |
| NM | CE | 7 | 7 | Classroom | Classroom | 10/10/2023 | 09/28/2026 | 4340 | |
| NV | CE | 7 | 7 | Classroom | Classroom | 11/04/2024 | 10/31/2025 | CE.0009807-A | |
| NY | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | A5693-07 | |
| OH | CE | 7 | 7 | Classroom | Classroom | 01/01/2024 | 12/31/2024 | 084404710A 23 | |
| OK | CE | 7 | 7 | Classroom | Classroom | 10/10/2023 | 09/28/2026 | 810 | |
| OR | CE | 7 | 7 | Classroom | Classroom | 10/12/2023 | 09/28/2026 | APIN-C-1023-9005 | |
| PA | CE | 7 | 7 | Classroom | Classroom | 10/04/2023 | 09/28/2026 | ||
| PR | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| RI | CE | 7 | 7 | Classroom | Classroom | 10/04/2023 | 09/28/2026 | REA.0002096-CE | |
| SC | CE | 7 | 7 | Classroom | Classroom | 09/01/2024 | 08/31/2026 | CE2167, AC . 2167 | |
| SD | CE | 7 | 7 | Classroom | Classroom | 01/30/2024 | 09/28/2026 | ||
| TN | CE | 7 | 7 | Classroom | Classroom | 10/06/2023 | 10/31/2025 | 2720 | |
| TX | CE | 7 | 7 | Classroom | Classroom | 10/16/2023 | 09/28/2025 | TX Provider #10 Course #: 47664 | |
| UT | CE | 7 | 7 | Classroom | Classroom | 10/05/2023 | 10/31/2025 | AC231010 | |
| VA | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| VT | CE | 7 | 7 | Classroom | Classroom | 10/02/2023 | 10/02/2027 | ||
| WA | CE | 7 | 7 | Classroom | Classroom | 10/13/2023 | 09/28/2026 | A23028694 | |
| WI | CE | 7 | 7 | Classroom | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| WV | CE | 7 | 7 | Classroom | Classroom | 10/04/2023 | 09/28/2026 | ||
| WY | CE | 7 | 7 | Classroom | Classroom | 10/03/2023 | 09/28/2026 |
Course Objectives
- Gain an understanding of the principal difference between affordable and market rent properties.
- Understand the basic constructs of affordable housing programs and how regulatory rather than market forces drive income levels.
- Learn how to complete meaningful rental analysis.
- Understand what expenses may be affected by the operation of an affordable housing property.
- Learn to adjust the Income, Sales Comparison, and Cost Approaches to better address the income characteristics of affordable housing.
Course Details
Program Overview:
Table of Contents and Overview
Seminar Schedule
Equipment:
- A laptop computer is required for classroom participation; a personal computer or laptop computer is required for synchronous participation.
- For synchronous, offerings, it is highly recommended that you have two screens.
- A spreadsheet program is required (participants may use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel).
Additional Information:
Course Material:
- Seminar Handbook (172 pp.)
- Pre-Class Downloads (387 KB)
Requirements:
None specified
Course Materials & Recommended Books
Pricing Options
| Rate | Full Price | AI Price |
|---|---|---|
| Standard
Today thru 03/21/2025 |
$225.00 | $200.00 |
Event Information
This class is March 21 at 8:30 am. Doors open at 8 am.
The class will be at DePaul University - Loop Campus, 1 E Jackson, Chicago. The corner of Jackson and State.
The Chapter will not provide printed materials to students. You have the option to purchase printed materials or download the PDF. If you download the PDF, you must bring in the printed materials or a laptop.