Low Income Housing Tax Credit (LIHTC) Seminar

LIHTC Training Options & Cost(s):

• Complete LIHTC Training & HCCP Exam - TAA Members $618 | Non-Members $718
• Complete LIHTC Training ONLY (no exam) - TAA Members $449 | Non-Members $549
• HCCP Exam Only - $175

The Housing Credit Certified Professional (HCCP) is the leading credential in the Low-Income Housing Tax Credit industry, representing the highest level of competency and knowledge, as well as a commitment to the highest ethical standards.

LIHTC Fundamentals Course Description:

• Six key requirements for managing a LIHTC Property
• A complete review of the major players and governing documents & project info
• Determining maximum incomes, maximum rents, and utility allowances
• Qualifying residents & income certifications:  determining household composition, processing an application, verifying income and assets, calculating household income & assets, and the full-time student rule.
• Ongoing compliance: lease requirements, move-ins, re-certifications, transfers, special rules for live-in care attendants, changes in household composition, layering of programs, file maintenance, and compliance monitoring

LIHTC Advanced Course Description:

• LIHTC allocations & determining the value of the LIHTC
• Project set-asides, eligible basis, applicable fractions and qualified basis, credit percentages, treatment of exempt units
• Critical time periods, first year of the credit period – lease up and acquisition-rehabs
• Advanced rent & fee issues
• IRS forms & correcting non-compliance
• Unit vacancy rule & available unit rule
  Combining LIHTC w/ other programs

How You'll Benefit:

• Explore the LIHTC compliance rules with Karen Graham, CPM, HCCP, SHCM who will put the rules in context with examples and facilitate discussions
• Share best practices and tips to increase efficiency at your property