Critical Elements of LIHTC Management with HOTMA Updates (Maryland DHCD & MAHC Co-sponsors)
Event Description
Once again this year, Mid-Atlantic AHMA is partnering with Maryland DHCD and MAHC to present LIHTC-specific training. This course has been fully HOTMA-updated and will feature a special session with Patrick Gill (Director - Tax Credit Compliance, Community Development Administration) who will discuss Maryland's HOTMA implementation plan and introduce Maryland's new Compliance Manual. Approximately one week prior to the training date, all paid registrants will receive an electronic copy of the new Compliance Manual. This will allow attendees to review the manual prior to the training and Mr. Gill's session to identify any areas needing clarification. Ample time will be set aside for questions.
Critical Elements of LIHTC Management
Designed for managers, supervisory personnel, investment asset managers, and compliance specialists, this program has been fully-HOTMA-updated. A more in-depth discussion of income verification issues is included as well as a discussion of minimum set-aside issues (including the Average Income Minimum Set-Aside), optional fees and use of common areas. The Available Unit Rule is covered in great detail, as are the requirements for units occupied by students. Attendees will also learn the requirements relating to setting rents at a tax credit property. This course contains some practice problems for which a calculator is needed (cell phone calculators are acceptable).).
OUTLINE OF TOPICS TO BE COVERED:
- History/Background of the LIHTC Program
- Role of the Housing Finance Agencies
- Primary Requirements of Site Management
- Setting the Rents
- Understanding the Minimum Set-Aside
- Extended Use Agreements
- Determining & Verifying Income
- Dealing with Assets on a LIHTC Property
- Student Issues
- Recertifications
- Resident Transfers
- Available Unit Rule
Registration/Payment Deadline: May 1st
(We will continue to accept registrations after May 1st with credit card payment. Check payments must be received prior to the event date to avoid the late payment fee of $50/person)
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.