Tax Credit Compliance Course (w/ HCCP Exam Option) – December 10-12, 2019



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Tax Credit Compliance Course (w/ HCCP Exam option)

Day One: 9:00a.m. – 4:00p.m. (Intermediate LIHTC)

    1. Program background
    1. Role of State Housing Agency
    1. Rent Calculations
    1. Determining Utility Allowances
    1. Minimum Set-Aside Tests
    1. Extended Use Agreements
    1. Residential Eligibility Issues
        1. Income
      1. Student Status
    1. Verification of Income
        1. Employment
        1. Pensions/Social Security
        1. Unemployment
      1. Self-employment
    1. Assets
        1. $5,000 rule
        1. Imputing Income
        1. Discussion of most common assets
      1. Two year disposition of assets rule
    1. Student Rules & Exceptions
    1. Handling Recertifications
    1. Resident Transfers
  1. Next Available Unit Rule

Day Two: 9:00a.m. – 4:00p.m. (Advanced LIHTC)

    1. Housing Credit Accounting Issues, Including a Review of Critical Forms
    1. Treatment of Common Area
    1. Acquisition/Rehab Issues
    1. Calculation of Basis and Applicable Fraction
    1. Impact of Federal Subsidy
    1. Tax Exempt Bonds
    1. Qualified Allocation Plans
    1. Deep Rent Skewing
    1. Unit Vacancy Rule
    1. Property Dispositions
    1. Record Retention Requirements
    1. Calculation of First Year and Annual Credits
  1. HOME Program and Tax Credits

Day Three: 9:00a.m. – 2:00p.m.

9:00 – 11:00 Review of Testable Areas

11:00-11:15 Break

11:15-11:30 Test Instructions

11:30-2:00 Test *

*NOTE: For this event, only the HCCP exam will be offered onsite on Day 3. Anyone opting to take the SHCM exam will be provided with a voucher and will be responsible for arranging/coordinating for a NAHMA-approved proctor to proctor while they take the exam (within 3 weeks of the class).

A battery-operated calculator is required for this course. 

(Cell phone calculators may NOT be used during the exam).

*Registrants may only elect to take one exam (not both)


Doubletree Hotel-Midlothian

1021 Koger Center Blvd.

Richmond, VA 23235


On-site Registration: 8:30a.m.

Instruction (Days 1 & 2):

9:00a.m. – 4:00p.m.

Lunch provided on Days 1 & 2 only

Deadline for Registration & Payment:

November 22, 2019

Registration/Fee Payment & Cancellation Policy

**Registration and registration fee payment must be received by the posted registration deadline. Registration fees may be refunded less a $50 cancellation charge if the cancellation notice is received in writing via email to by the registration deadline. Non-payment of the fee by the due date does not cancel your registration. No refunds are provided after the registration deadline however substitutions are allowed at any time prior to the start of the event. All no shows will be responsible for the payment of the full registration fee. Certificates of attendance will be held until full/correct payment is received. Non-payment of fees may result in registration refusal for future events. Corrective invoices will be issued to non-members registering/paying at the member rate and the balance due must be paid by the event date. A $50 late payment fee will be assessed on all payments received after the registration deadline.

Additional information

Choose Your Ticket Type:

Training Only (both days) – $225/Member, Day 1 Only -$125/Member, Day 2 Only–$125/Member, Training Only (both days) – $250/Non-Member, Day 1 Only $150/Non-Member, Day 2 Only $150/Non-Member, HCCP Exam $175, SHCM Exam $150, Training + SHCM – $375/Member, Training + HCCP – $400/Member, Training + SHCM – $400/Non-Member, Training + HCCP – $425/Non-member

Event Details

Date: 5 June 2018

Start time: 00:00

End time: 00:00