LIHTC Fundamentals & Advanced Webinar
March 10 @ 9:00 am - March 12 @ 1:00 pm
Class will begin at 9:00 each morning. It will end at 1:00.
Those individuals wishing to take the Specialist in Housing Credit Management Exam will receive instructions for live online proctoring upon registration for the exam.
What You’ll Learn
• 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, recertifications, transfers, special rules for live in care attendants, changes in household composition, layering of programs, file maintenance, and compliance monitoring
• 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
Instructed By: Karen Graham Consulting