Structured curricula on the federal programs and deal structures that working practitioners need to know. Launching in 2026 — below are the courses currently in development.
Our courses are built for working practitioners, not for academic certification. They assume baseline familiarity with affordable housing finance and skip to the technical depth that actually informs deal work. Each course pairs structured curriculum with worked examples, real-deal case studies, and reference templates.
Format will be on-demand video, downloadable workbooks, and structured Q&A. We're targeting 8–12 hours of dense practitioner content per course rather than 40-hour academic surveys.
Covers Section 42 mechanics, the 9% vs 4% credit decision, applicable percentages, qualified basis, the placed-in-service rules, compliance period vs extended use, and how the credit interacts with bond financing. For practitioners who've worked LIHTC adjacent but want to understand the full mechanics.
Sample modules: Section 42 statutory tour · Eligible vs qualified basis · Income averaging post-2018 · The applicable percentage decision tree · Placed-in-service mechanics · First-year delivery vs delayed first credit year
Deep dive on 4% LIHTC paired with tax-exempt private-activity bonds. Covers PAB allocation under IRC § 146, the post-OBBBA 25% financed-by test (effective for bonds issued after Dec 31, 2025), TEFRA hearing requirements, refunding bonds, and how 4% deals pencil differently than 9%.
Sample modules: The PAB volume cap landscape · What 25% financed-by means in practice · Bond structuring choices · Negative arbitrage management · State-by-state bond issuer comparison
How to actually assemble a multi-source affordable housing capital stack. Covers source layering rules, soft loan structuring, subordinate-debt order, equity timing, basis treatment of multiple sources, and the most common stacking patterns by deal type.
Sample modules: The layering rule decision matrix · Soft loan structuring choices · HOME vs HTF vs CDBG: when to use which · FHLB AHP application strategy · Sponsor equity and deferred developer fee
The most common credit-twinning structures: federal HTC (Section 47) with 4% LIHTC for historic rehab deals, and Opportunity Zone (Section 1400Z) structures stacked with LIHTC. Covers the legal frameworks, qualifying expenditure rules, basis interactions, and timing constraints.
Sample modules: The Section 47 substantial rehab test · HTC qualified rehab expenditures · Historic certifications and Part 1/2/3 review · OZ + LIHTC mechanics · Rural OZ category post-OBBBA
The full mechanics of RAD conversion under Section 219: PHA participation, the Section 8 PBV vs PBRA election, contract rent calculations, capital needs assessment, financing the conversion, and tenant protections. Built for housing authorities, developers, and capital partners working RAD deals.
Sample modules: RAD basics and the conversion roadmap · PBV vs PBRA election · Contract rent and OCAF mechanics · Financing the RAD conversion · Tenant relocation and right to return
Targeted courses on the largest state programs: California TCAC/CDLAC, Texas TDHCA, Florida FHFC, New York HCR, and others. Each covers the state QAP, state HFA gap programs, bond cap administration, and state-specific layering patterns. Course timing depends on state cycle calendars.
Courses will be priced individually (target $499–$799 per course depending on length and complexity) with bundle discounts for the multi-course sequence. Pro and Team subscribers will receive significant discounts; founding members will receive lifetime course discounts as part of their rate lock.
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If there's a specific topic you'd pay for a deep practitioner course on, tell us. Email editorial@housingsubsidybrief.com with the topic and what you'd need it to cover. Your input shapes our curriculum priorities.