Tax Credit Compliance Course - In-Person (June 14-16)
Event Description
Registration is Closed!
This 2-day training + 3rd day review combines the Intermediate LIHTC Compliance Course (Day 1) and the Advanced LIHTC Compliance Course (Day 2) to cover all testable areas on the HCCP and SHCM exams. Please note that both the HCCP and SHCM designations have additional requirements beyond the training component and passing the exam, i.e., both designations have a work experience component and an application/fee which is submitted directly to the governing body (NAHB for the HCCP; NAHMA for the SHCM) not to the Mid-Atlantic AHMA. Please familiarize yourself with all requirements for the designation you elect to pursue.
Day One/Intermediate LIHTC:
9:00a.m. – 4:00p.m.
I. Program background
II. Role of State Housing Agency
III. Rent Calculations
IV. Determining Utility Allowances
V. Minimum Set-Aside Tests
VI. Extended Use Agreements
VII. Residential Eligibility Issues
a. Income
b. Student Status
VIII. Verification of Income
a. Employment
b. Pensions/Social Security
c. Unemployment
d. Self-employment
IX. Assets
a. $5,000 rule
b. Imputing Income
c. Discussion of most common assets
d. Two year disposition of assets rule
X. Student Rules & Exceptions
XI. Handling Recertifications
XII. Resident Transfers
XIII. Next Available Unit Rule
Day Two/Advanced LIHTC:
9:00a.m. – 4:00p.m. (Advanced LIHTC)
XIV. Housing Credit Accounting Issues, Including a Review of Critical Forms
XV. Treatment of Common Area
XVI. Acquisition/Rehab Issues
XVII. Calculation of Basis and Applicable Fraction
XVIII. Impact of Federal Subsidy
XIX. Tax Exempt Bonds
XX. Qualified Allocation Plans
XXI. Deep Rent Skewing
XXII. Unit Vacancy Rule
XXIII. Property Dispositions
XXIV. Record Retention Requirements
XXV. Calculation of First Year and Annual Credits
XXVI. HOME Program and Tax Credits a.
Day Three/Review & HCCP Exam Administration:
9:00a.m. – 2:00p.m.
i. 9:00 – 11:00 Review of Testable Areas
ii. 11:00-11:15 Break
iii. 11:15-11:30 Test Instructions
iv. 11:30-2:00 Test
A calculator is required for this course. NOTE: While cell phone calculators may be used during the training, cell phone calculators may NOT be used during the exam. Please bring a battery-operated calculator if taking an exam.
The HCCP exam is taken as a paper/pencil exam with results sent to attendees by NAHB in 4-6 weeks.
If interested in taking the SHCM exam, please contact us at help@mid-atlanticahma.org as the SHCM is a proctored online exam and we will work with you to identify a proctor and a mutually agreeable to time for the exam.
Bring with you: Your printed course materials (which will be emailed to you as a pdf file approximately one week prior to the event). Pencil/pen, highlighter, battery-operated calculator (cell phone calculators acceptable during the training only).
This event is scheduled to be offered in a classroom setting. (NOTE: At this time, following current CDC and Virginia guidelines, masks are not mandatory)
Registration/Fee Payment & Cancellation Policy
Payment & Cancellation Policy
Each person who views a MA-AHMA-hosted webinar must register and pay for individual access; group viewing via one registration/payment is prohibited and dishonest. Registration and registration fee payments must be received by any posted deadline or 5 business days prior to the webinar date if no deadline is posted on the registration page. Registration fees may be refunded less a $50 cancellation charge if a cancellation notice is received in writing via email to info@mid-atlanticahma.org by any posted deadline or at least 5 business days prior to the event if no deadline is posted. Non-payment of the registration fee does not cancel your registration and all no-shows will be responsible for payment of the full registration fee. No refunds or transfers are provided after the cancellation deadline (i.e., within 5 business days of the event or any posted deadline); substitutions are permitted until 1 day prior to an event. Certificates of participation will be held until full/correct payment is received and if the company has any delinquent MA-AHMA invoices. Non-payment of fees may result in registration refusal for future events. Corrective invoices will be issued for non-members registering/paying at the member rate and the balance due must be paid by the event date or upon receipt of the corrective invoice. A $50 late fee will be assessed on all payments received after the payment deadline. The webinar link you receive is personalized to you and should not be shared; unauthorized use of your personal link and/or multiple/simultaneous log-ins using your link may result in the assessment of additional registration fees. NOTE: This policy supersedes any policy or statement regarding cancellations that may appear on automated webinar confirmations from the instructor or webinar platform (e.g., GoToWebinar, Zoom, etc.); cancellations are ONLY accepted via email to info@mid-atlanticahma.org as described in this policy.