Low Income Housing Tax Credit (LIHTC)

Low Income Housing Tax Credit Seminar

Fundamental and Advanced Training in LIHTC Compliance

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 Training Options / Cost(s):

• Complete LIHTC Training & HCCP Exam TAA Members $564 / Non-Members: $689
• Complete LIHTC Training ONLY (no exam) TAA Members $389 / Non-Members: $514
• HCCP exam ONLY $175

LIHTC Fundamentals Course Description:

• Six key requirements for managing a LIHTC Property
• 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

About Your Instructor, Karen Graham

Karen Graham is the President & CEO of Karen A. Graham Consulting, LLC, a Cincinnati-based consulting firm specializing in Section 42 compliance and asset management since 2003. With 25+ years in the affordable housing industry, her experience ranges from on-site management and multi-site management to Director of Compliance for over 15,000 LIHTC units. Ms. Graham holds the designations of Certified Property Manager (CPM®), Housing Credit Certified Professional (HCCP) & Specialist in Housing Credit Management (SHCM). Her concentration is on aiding partners, owners and managers in asset management support & ensuring LIHTC compliance. A graduate with honors, Ms. Graham has a bachelor’s degree in Communication from the University of Cincinnati.