Tax Credit Compliance Course (w/ HCCP/SHCM* Option) – Dec 11-13, 2018

$125.00$250.00

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SKU: N/A Category:

Description

Tax Credit Compliance Course (w/ HCCP/SHCM* option)

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

  1. Program background
  2. Role of State Housing Agency
  3. Rent Calculations
  4. Determining Utility Allowances
  5. Minimum Set-Aside Tests
  6. Extended Use Agreements
  7. Residential Eligibility Issues
    1. Income
    2. Student Status
  8. Verification of Income
    1. Employment
    2. Pensions/Social Security
    3. Unemployment
    4. Self-employment
  9. Assets
    1. $5,000 rule
    2. Imputing Income
    3. Discussion of most common assets
    4. Two year disposition of assets rule
  10. Student Rules & Exceptions
  11. Handling Recertifications
  12. Resident Transfers
  13. 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
  2. Treatment of Common Area
  3. Acquisition/Rehab Issues
  4. Calculation of Basis and Applicable Fraction
  5. Impact of Federal Subsidy
  6. Tax Exempt Bonds
  7. Qualified Allocation Plans
  8. Deep Rent Skewing
  9. Unit Vacancy Rule
  10. Property Dispositions
  11. Record Retention Requirements
  12. Calculation of First Year and Annual Credits
  13. 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

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)

Location:

Virginia Housing Center

4224 Cox Rd. Glen Allen, VA

23060

Times:

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 24

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 orders@mid-atlanticahma.org 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

Event Details

Date: 11 December 2018

Start time: 00:00

End time: 00:00