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Low Income Housing Credits

Our Low Income Housing Tax Credit compliance courses are continually updated to reflect the most current requirements. We offer courses suitable for agents and owners as well as courses for both new and experienced on-site staff. Select a course to find out the available formats and to read the course description. For a complete list of courses, download our Signature Course Catalog.

Basic Tax Credit Occupancy

Format: One-day Course (6 hours of training)

Focus: For newly hired managers or those with no Tax Credit experience as well as those needing a refresher course on the basics and the latest updates. This course translates the complexity of the program into plain language that even the newest manager can understand – answering the questions: “What is a housing credit?” and “How does it differ from other programs?” The course covers eligibility (including the student rule), the application process, calculating and verifying income, maintaining compliance (including the available unit and vacant unit rule, annual recertification and more) and best practices. Mini-quizzes and case studies are included to reinforce the learning. Students will need a calculator.

Back to Basics: Tax Credit Occupancy Parts One and Two

Format: Two-Part Webinar (90 minutes each - 3 hours of training)

Focus: For newly hired managers or those with no Tax Credit experience as well as those needing a refresher course on the basics and the latest updates. This course translates the complexity of the program into plain language that even the newest manager can understand – answering the questions: “What is a housing credit?” and “How does it differ from other programs?” The course covers eligibility (including the student rule), the application process, calculating and verifying income, and maintaining compliance (including the available unit and vacant unit rules and annual recertification). Mini-quizzes and case studies are included to reinforce the learning. Students will need a calculator.

Tax Credit Occupancy Certification Prep Course

Format: Two-day Course (12 hours of training + 2 hours on day two for the SHCM exam)

Focus: This course covers program regulations, unit eligibility, applicant eligibility and certification, monitoring and compliance. Mini-quizzes and case studies are included to reinforce the learning. Designed for those taking the SHCM exam. Also, a great refresher for those who already have a tax credit designation but want to brush up their knowledge. Slides are keyed to NAHMA’s Housing Credit Management Study Guide for the SHCM program for those AHMA’s who wish to include it in their registration fees.

LIHTC Occupancy: From Basic to Black Belt

Format: One-day Course (6 hours of training)

Focus: A.M. session reviews six key requirements for managing an LIHTC property, plus minimum set-asides, applicable fraction, annual recertification and tips on maintaining compliance. P.M. session reviews special rules (available unit, vacant unit, and transfers), Non-§42 regulations impacting LIHTC properties (criminal background, VAWA, nuisance ordinances, LEP, quid pro quo and hostile environment harassment), correcting non-compliance, your state agency’s requirements, and proposed changes to the student rule and set-asides. At day end, the instructor tackles the questions submitted throughout the day in the “everything you wanted to know but were afraid to ask” Question Box.

Managing the LIHTC Utility Allowance

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: Making a mistake in the calculation or timing of a utility allowance and/or failing to analyze the effect on tenant rents can be costly. In this class, you will learn: how utility allowances affect your rents, what methods are allowed by the IRS and by your state, how they work, what makes the most sense for your property, If, when, why and how you can or should change the method you are using, how other funding sources /HUD/RD/HOME) affect your choices, your responsibilities to the tenant, to the owner, and the monitoring agency.

LIHTC: “Unit” Rules: Available Unit, Vacant Unit, Unit Transfer and more

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: Master the special unit rules of the tax credit program: The Available Unit rule, The Vacant Unit rule, The Unit Transfer rule and the Manager Unit rules. A straightforward, practical discussion of the rules that make the tax credit program challenging – especially on mixed income properties - with lots of examples and the opportunity to practice applying these rules in real-life situations.

Section 42 Non-Compliance: How it Happens and How to Repair

Format: 90-minute webinar or 1¼ - 1½ hour conference session

Focus: The IRS 8823 Guide lists the 17 types of non-compliance that state agencies must report to the IRS. Learn the common mistakes that lead to non-compliance, how to avoid them, how to repair them if they occur and the penalties that are incurred for each. The webinar includes a “test your knowledge” exercise to see what you have learned.

LIHTC Recertification In-Depth

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: Recertification can be a difficult task for the tax credit property: “HUD isn’t paying my rent so why do I have to recertify?” This course takes an in-depth look at the requirements and timing of annual and other recertification’s as well as the 140% (Next Available Unit) Rule, unit transfers, and changes in household composition. We will also tackle the special challenges with resyndication and for properties with blended financing, and prevention and cures for delinquent annuals.

Master the Applicant Interview (Protect the Owner’s Credits)

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: The program is unforgiving when an unqualified applicant is moved into a housing credit unit. There are no second chances once you have moved them in and a well-conducted interview is insurance against non-compliance. This course covers how to establish rapport, gain trust, and ask the right questions in the right way while ensuring a consistent scripted approach to prevent costly fair housing mistakes. The class will discuss how to handle specific situations and spot the “red flags”, and
students will practice responding to situations and conversations that commonly occur.

Self-Auditing Tax Credit Files

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: What is a “self-audit” and when should you do one? And how do you correct non-compliance if you find it? This webinar will highlight the issues monitoring agencies zero in on – incomplete applications, delinquent recertifications, insufficient documentation, income calculation errors, contradictions within a verification, underestimating anticipated income, late verifications and missing or late signatures. Participants will have a chance to try out their auditing skills.

Tax Credit: Student Rules

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: What does the IRS have against full-time students? We will answer that question and examine the rules they impose and exceptions they make so your tax credit property doesn’t turn into a college dorm. Some of these rules make sense and some of them don’t. But to remain in compliance and protect the owner’s credits, you have to know how to apply them at move-in and what to do when an existing resident turns out to be (or into) a full-time student.

Tax Credit: Restrictions and Set-Asides

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: What makes a tax credit property a tax credit property? What makes a unit a tax credit unit? This session reviews the minimum set-aside and applicable fraction and the basic restrictions that every unit must meet to be qualified for credits: income, rent, utility allowance, habitability, and more.

Tax Credit: Calculations and Verifications

Format: 90-minute webinar or 1¼ - 1½ hour conference session.

Focus: Because we don’t do “interims” on a tax credit tenant, anticipating annual income (especially on move-in) is critical. This means we need consistency and accuracy in interpreting verifications and calculating the income that is disclosed and not be tempted to over-calculate income “just to be safe”. This session will cover best practices for verifications and calculations, what the IRS and your state monitoring agent require, and how to defend your calculations in a file audit.