Fundamentals of Appraising Affordable Housing
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.
Who Should Enroll
- General Appraisers
- Underwriters
- Loan Officers
AI CE Points
Attend:
35
Course Offerings
We are not currently offering this course, but please contact us for additional options and more information.
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 Materials & Recommended Books
State Approvals
| State | QE/CE | Course & Exam | Course Only | Exam Only | Delivery Format | Start Date | Expire Date | State Code |
|---|---|---|---|---|---|---|---|---|
| AK | CE | 7 | 7 | Synchronous | 10/04/2023 | 10/04/2026 | 19650 | |
| AK | CE | 7 | 7 | Classroom | 10/04/2023 | 10/04/2026 | 19650 | |
| AL | CE | 7 | 7 | Classroom | 11/14/2024 | 09/30/2026 | C02878 | |
| AL | CE | 7 | 7 | Synchronous | 11/14/2024 | 09/30/2026 | C02878 | |
| AR | CE | 7 | 7 | Classroom | 10/02/2023 | 10/02/2027 | AI110 | |
| AR | CE | 7 | 7 | Synchronous | 10/02/2023 | 10/02/2027 | AI110 | |
| AZ | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| AZ | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| CA | CE | 7 | 7 | Synchronous | 10/11/2023 | 10/10/2027 | 23CP754601558 | |
| CA | CE | 7 | 7 | Classroom | 10/11/2023 | 10/10/2027 | 23CP754601558 | |
| CO | CE | 7 | 7 | Classroom | 10/19/2023 | 10/19/2026 | 2501 | |
| CO | CE | 7 | 7 | Synchronous | 09/28/2023 | 10/19/2026 | 2501 | |
| CT | CE | 7 | 7 | Synchronous | 10/11/2023 | 09/28/2026 | AAL.001133 | |
| CT | CE | 7 | 7 | Classroom | 10/11/2023 | 09/28/2026 | AAL.001133 | |
| DC | CE | 7 | 7 | Synchronous | 10/18/2023 | 02/28/2026 | ||
| DC | CE | 7 | 7 | Classroom | 10/18/2023 | 02/28/2026 | ||
| DE | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| DE | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| FL | CE | 7 | 7 | Synchronous | 11/14/2025 | 11/13/2027 | 0010683 | |
| FL | CE | 7 | 7 | Classroom | 10/31/2025 | 10/30/2027 | 0010682 | |
| GA | CE | 7 | 7 | Synchronous | 09/29/2023 | 09/28/2026 | 76990 | |
| GA | CE | 7 | 7 | Classroom | 09/29/2023 | 09/28/2026 | 76990 | |
| HI | CE | 7 | 7 | Synchronous | 11/07/2023 | 09/28/2026 | 23-430 | |
| IA | CE | 7 | 7 | Synchronous | 10/02/2023 | 09/28/2026 | A518-2155 | |
| IA | CE | 7 | 7 | Classroom | 10/02/2023 | 09/28/2026 | A518-2155 | |
| ID | CE | 7 | 7 | Synchronous | 10/12/2023 | 09/28/2026 | ||
| ID | CE | 7 | 7 | Classroom | 10/12/2023 | 09/28/2026 | ||
| IL | CE | 7 | 7 | Synchronous | 12/26/2024 | 12/31/2026 | 575.010686 | |
| IL | CE | 7 | 7 | Classroom | 12/26/2024 | 12/31/2026 | 575.010686 | |
| IN | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| IN | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| KS | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | C119-38 | |
| KS | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | C119-39 | |
| KY | CE | 7 | 7 | Classroom | 05/31/2025 | 06/30/2026 | ||
| KY | CE | 7 | 7 | Synchronous | 05/31/2025 | 06/30/2026 | ||
| LA | CE | 7 | 7 | Synchronous | 10/10/2023 | 09/28/2026 | A0360 | |
| LA | CE | 7 | 7 | Classroom | 10/10/2023 | 09/29/2026 | A0360 | |
| MA | CE | 7 | 7 | Synchronous | 10/10/2023 | 09/28/2026 | 120167 | |
| MA | CE | 7 | 7 | Classroom | 10/10/2023 | 09/28/2026 | 120167 | |
| MD | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| MD | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| ME | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| ME | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| MI | CE | 7 | 7 | Synchronous | 12/12/2023 | 12/12/2026 | 20 - 1125446 | |
| MI | CE | 7 | 7 | Classroom | 12/12/2023 | 12/12/2026 | 20 - 1125446 | |
| MN | CE | 7 | 7 | Classroom | 11/01/2025 | 10/31/2027 | 1036073 | |
| MN | CE | 7 | 7 | Synchronous | 11/01/2025 | 10/31/2027 | 1036073 | |
| MO | CE | 7 | 7 | Synchronous | 10/10/2023 | 09/28/2026 | ||
| MO | CE | 7 | 7 | Classroom | 10/10/2023 | 09/28/2026 | ||
| MS | CE | 7 | 7 | Classroom | 10/26/2025 | 09/28/2026 | MAB#:50535 | |
| MS | CE | 7 | 7 | Synchronous | 10/26/2025 | 09/28/2026 | MAB#:50535 | |
| MT | CE | 7 | 7 | Synchronous | 10/05/2023 | 09/28/2026 | REA-CEC-REC- 17033 | |
| MT | CE | 7 | 7 | Classroom | 10/05/2023 | 09/28/2026 | REA-CEC-REC- 17033 | |
| NC | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | 4622 | |
| NC | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | 4622 | |
| ND | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796, CE-223088 | |
| ND | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796, CE-2223088 | |
| NE | CE | 7 | 7 | Classroom | 02/14/2024 | 02/14/2029 | 223140N.02 | |
| NE | CE | 7 | 7 | Synchronous | 02/14/2024 | 02/14/2029 | 223340T.02 | |
| NH | CE | 7 | 7 | Synchronous | 12/28/2023 | 09/28/2026 | ||
| NH | CE | 7 | 7 | Classroom | 12/28/2023 | 09/28/2026 | ||
| NJ | CE | 7 | 7 | Synchronous | 10/26/2023 | 09/28/2026 | 2023-3439 | |
| NJ | CE | 7 | 7 | Classroom | 10/26/2023 | 09/28/2026 | 2023-3439 | |
| NM | CE | 7 | 7 | Synchronous | 10/10/2023 | 09/28/2026 | 4340 | |
| NM | CE | 7 | 7 | Classroom | 10/10/2023 | 09/28/2026 | 4340 | |
| NV | CE | 7 | 7 | Classroom | 10/10/2025 | 10/31/2026 | CE.0009807-A | |
| NV | CE | 7 | 7 | Synchronous | 10/10/2025 | 10/31/2026 | CE.0009807-A | |
| NY | CE | 7 | 7 | Classroom | 12/19/2025 | 12/31/2026 | A5693-07 | |
| NY | CE | 7 | 7 | Synchronous | 12/19/2025 | 12/31/2026 | A5693-07 | |
| OH | CE | 7 | 7 | Classroom | 01/01/2026 | 12/31/2026 | 084605402A 26 | |
| OH | CE | 7 | 7 | Synchronous | 01/01/2026 | 12/31/2026 | 084605402A 26 | |
| OK | CE | 7 | 7 | Synchronous | 10/10/2023 | 09/28/2026 | 810 | |
| OK | CE | 7 | 7 | Classroom | 10/10/2023 | 09/28/2026 | 810 | |
| OR | CE | 7 | 7 | Classroom | 10/12/2023 | 09/28/2026 | APIN-C-1023-9005 | |
| OR | CE | 7 | 7 | Synchronous | 10/12/2023 | 09/28/2026 | APIN-C-1023-9005 | |
| PA | CE | 7 | 7 | Synchronous | 10/04/2023 | 09/28/2026 | ||
| PA | CE | 7 | 7 | Classroom | 10/04/2023 | 09/28/2026 | ||
| PR | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| PR | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| RI | CE | 7 | 7 | Synchronous | 10/04/2023 | 09/28/2026 | REA.0002096-CE | |
| RI | CE | 7 | 7 | Classroom | 10/04/2023 | 09/28/2026 | REA.0002096-CE | |
| SC | CE | 7 | 7 | Classroom | 09/01/2024 | 08/31/2026 | CE2167, AC . 2167 | |
| SC | CE | 7 | 7 | Synchronous | 09/01/2024 | 08/31/2026 | AC . 2167, CE2167 | |
| SD | CE | 7 | 7 | Synchronous | 01/30/2024 | 09/28/2026 | SD 1632 CE | |
| SD | CE | 7 | 7 | Classroom | 01/30/2024 | 09/28/2026 | SD 1632 CE | |
| TN | CE | 7 | 7 | Classroom | 09/16/2025 | 10/31/2027 | 2720 | |
| TN | CE | 7 | 7 | Synchronous | 09/16/2025 | 10/31/2027 | 2720 | |
| TX | CE | 7 | 7 | Classroom | 09/29/2025 | 09/28/2026 | 03160-ACE | |
| TX | CE | 7 | 7 | Synchronous | 09/29/2025 | 09/28/2026 | 03160-ACE | |
| UT | CE | 7 | 7 | Classroom | 11/24/2025 | 11/30/2027 | AC251132 | |
| UT | CE | 7 | 7 | Synchronous | 11/24/2025 | 11/30/2027 | AC251132 | |
| VA | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| VA | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| VT | CE | 7 | 7 | Synchronous | 10/02/2023 | 10/02/2027 | ||
| VT | CE | 7 | 7 | Classroom | 10/02/2023 | 10/02/2027 | ||
| WA | CE | 7 | 7 | Synchronous | 10/13/2023 | 09/28/2026 | A23028694 | |
| WA | CE | 7 | 7 | Classroom | 10/13/2023 | 09/28/2026 | A23028694 | |
| WI | CE | 7 | 7 | Synchronous | 09/28/2023 | 09/28/2026 | 85796 | |
| WI | CE | 7 | 7 | Classroom | 09/28/2023 | 09/28/2026 | 85796 | |
| WV | CE | 7 | 7 | Synchronous | 10/04/2023 | 09/28/2026 | ||
| WV | CE | 7 | 7 | Classroom | 10/04/2023 | 09/28/2026 | ||
| WY | CE | 7 | 7 | Synchronous | 10/01/2023 | 09/28/2026 | 2133 |