Purpose

Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management provides an in-depth introduction to the low-income housing tax credit program. Since instances of program noncompliance can lead to serious financial penalties, it's more important than ever to train your staff on the complexities of this program. This class is for both new and experienced on-site staff who manage LIHTC properties, PHA staff who might be well-versed in HUD programs, but are new to the LIHTC world, and anyone interested in gaining a thorough understanding of the basics of LIHTC project management.

Participants receive an overview of the LIHTC program and discuss compliance time periods, the basics of applying for tax credits, how credits are calculated, compliance monitoring and recapture, acq/rehab and first-year issues, tenant eligibility, income calculation, rent setting, and ongoing eligibility requirements such as the Next Available Unit Rule, transfers, and inspections. Learning methods include hands on learning activities, a case study, and reference materials to assist your staff in managing LIHTC projects. Choose from our NMA certification exam or the NAHB Housing Credit Certified Professional (HCCP) exam!

Learning Outcomes

Upon completion of Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management, you should be able to explain and apply the fundamentals of the LIHTC program, including basic program components, calculating tax credits, understanding recapture, income calculation, tenant eligibility, rent setting, ongoing eligibility requirements, and property inspection protocol.

Day One

• Explain how the low-income housing tax credit (LIHTC) program works on a broad level
• Determine the value of tax credits for a particular project
• Identify steps necessary to avoid recapture and explain compliance monitoring requirements
• Identify and apply the correct income limits based on various factors including household size and project location

Day Two

• Recognize requirements for calculating income using the HUD Handbook 4350.3(Rev-1) and other resources
• Apply the gross limit and explain how Section 8, public housing, supportive services, and rural housing services programs effect this determination
• Identify lease requirements and annual recertification requirements for the LIHTC program

Seminar #101-076

AGENDA:
View the agenda for in-person classes
View the agenda for live web trainings
METHOD: A group-live seminar featuring PowerPoint, case studies, group discussion, course book, and Q&A
LENGTH:
Three days for in-person training
Two days for live web training
AUDIENCE: PHAs and on-site professionals working with the LIHTC program
PROGRAM LEVEL: Basic 
PREREQUISITES: None
ADVANCED PREPARATION: None
FIELD OF STUDY: Specialized Knowledge
EXAM: The NMA certification exam is available for $175. The In-Person HCCP exam is available for $175 and the Online HCCP exam is available for $204. Select either exam option during checkout.
CREDITS:
In-person 3-day training: CPE units = 21, CEU units w/ exam = 1
Live web 2-day training: CPE units = 17, CEU units w/ exam = 1.4

Nan McKay & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasbaregistry.org. In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.
CPE Sponsor ID# 101539

REGISTER: Fill out the PDF registration form and email to sales@nanmckay.com. Or select the seminar you'd like to attend from the list of locations and dates below to order online.

By registering for and attending this training, you agree that you will not copy, share, post, or otherwise disseminate training or exam materials, including but not limited to posting on the internet, internal network, shared drive, or other publicly accessible means of access. Unauthorized distribution of NMA materials may result in the loss of your certification and/or legal action. Hotel Recommendations: Please note that these are only recommendations. We also recommend asking for the government rate when booking rooms at any hotel. Cancellations: If you are unable to attend this seminar, you may send a substitute or receive a credit toward a future seminar, to be attended within a one-year period. If you are unable to attend, you must notify NMA in writing at least 60 calendar days prior to the start date of the seminar. If you do not notify NMA in writing, you are responsible for the entire registration fee. If you cancel less than 60 days prior to the start date of this seminar, a cancellation fee of $150 will be assessed. Substitutions must be in writing on company letterhead with the seminar name, location and attendee name, and received by NMA prior to the seminar start date. NMA reserves the right to cancel a seminar at any time. If a seminar is canceled by NMA, registration fees will be refunded or credited in full. NMA is not responsible for airfare, lodging or other related expenses. Please plan ahead by purchasing refundable airfare. Retaking Exams: Exam retake options vary; call for details. You are permitted to fail an exam three times before you are required to retake the seminar. NMA reserves the right to change any policies or pricing at any time and in its sole discretion. For more information regarding refund, complaint and program cancellation policies, please contact our offices at 800.783.3100.