LIHTC
Certification Issues
First Day (8:30am-5:00pm)
- Certifying LIHTC Households
- Details you need to know about your development
- Determining Household Status
- Establishing Student Status
- Calculating Anticipated Income
- Verification Procedures
- Completing the Certification Form
- Recertifications
- Unit Transfers
- How to "Enjoy" State Agency Inspections
LIHTC
Certification Issues Continued
Second Day
(8:30am-5:00pm)
- Property LIHTC Compliance
- Introduction to Tax Credits
- How Credits are figured / 8609 Terms / Eligible and Qualified
Basis
- Calculating Rent and Income Limits
- Timelines / Development and Rent Up through the LURA Period
- Key IRS Forms
- Other Program Rules
- Next availible unit
rules
- Managers Units
- Combining LIHTC with other programs such as:
- HUD
- RD
- HOME
- Bonds
- State Specific Issues
- 8823's and how to correct non compliance issues
- "Updates" and Recent IRS Developments
Optional
HCCP Examination (Housing Credit Certified
Professional)
Third Day Optional
(8:30am-12:00pm)
- HCCP Examination (Housing Credit Certified Professional)
- This test is the first step in earning tour premiere
designation with the National Association of Home Builders
University of Housing.
- Compliance Solutions strongly recommends that you have two
years practical LIHTC experience before taking this exam.
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