Low Income Housing Tax Credit (LIHTC) Training
Fundamental and Advanced Training in LIHTC Compliance
* Registration open until 8/21/24 at 11:00 AM (EST)
Event Details
Become Proficient in LIHTC Compliance | HCCP Certification - New HUD Laws Effective January 1, 2024
LIHTC Training Options & Cost(s):
- Complete LIHTC Training & HCCP Exam - TAA Members $789 | Non-Members $889
- Complete LIHTC Training ONLY (no exam) - TAA Members $589 | Non-Members $689
- HCCP Exam Only - $204.75| Non-Members $304.75
Twelve(12) CAPS, CAM, CAS, CALP, and CAMT continuing education credits for completion of training
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
- HOTMA (Housing Opportunities Through Modernization Act) Updates
- HCCP Exam Preparation
LIHTC Advanced Course Description:
- LIHTC allocations & determining the value of the LIHTC
- Project set-asides, eligible basis, applicable fractions, qualified basis, credit percentages, treatment of exempt units
- Critical periods, the 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 - Average Income Test
- HCCP Exam Preparation
How You'll Benefit:
- Explore the LIHTC compliance rules with Stacy Day, 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
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For More Information:
About Your Instructor:
Stacy Day, HCCP, SHCM, Vice President of Operations A highly experienced professional in the multi-family property management industry, Stacy Day has over 25 years of hands-on knowledge in affordable housing. Stacy has held Vice President roles in both Compliance and On-Site Operations, so she understands the challenges of keeping the bottom line in check while staying in compliance. Stacy focuses on training tips for lease-ups and resyndications by blending management and compliance operations for optimal results. She has always worked closely with the onsite property staff to ensure a true understanding of what is happening in “the real world”. Her years of experience allow her to provide next-level support regardless of the circumstances.