Conquering LIHTC Compliance Seminar with HCCP (Chicago, IL 4/20/21)

1851 McConnor Parkway,Schaumburg IL 60173

20 April, 2021

Description

Tax Credit Certification​ Course on determining eligibility, from processing applications, income, assets, leasing, and student status Conquer Low Income Housing Tax Credit Compliance Created by Amanda Lee Gross, the “Conquering Low Income Housing Tax Credit (LIHTC) Compliance” is a two-day, 16-hour course specially designed to assist affordable housing professionals in conquering LIHTC project compliance. Amanda Lee delves deep into the Low-Income Housing Tax Credit laws and regulations, while also providing real-world examples with practical application. This engaging and interactive session utilizes numerous examples and exercises to ensure attendees complete the session with a thorough comprehension of how to maintain project compliance and why it is so important to do so. Earn a Housing Credit Compliance Professional (HCCP) Designation An optional Housing Certified Compliance Professional (HCCP) Exam is offered on the third day of this course. The HCCP exam is offered separately from the training and is open to anyone who would like to take the HCCP exam. One does not have to take the course in order to take the exam. The HCCP is a specialized designation through the National Association of Home Builders (NAHB) for developers, property managers, asset managers and other professionals working with the Low-Income Housing Tax Credit (LIHTC) program. Requirements for achieving the HCCP Designation Minimum of two years' experience in the LIHTC industry by graduation (Those who fail to meet this requirement may consider themselves an HCCP-Candidate until reaching two years of experience.) A total of 10 hours of LIHTC trainingAdherence to the HCCP Code of EthicsSuccessful completion of the HCCP Exam ($175 fee; $100 for retakes) Conquering LIHTC Compliance with HCCP Certification Exam AgendaDay 1, Part 1: Processing Applications & Certifications Applications & ScreeningInterviewsOccupancy Standards, Preferences & Restrictions Household Size Verification RequirementsDay 1, Part 2: Student Eligibility Definition of Full-time Student & the Student Calendar Definition of Educational OrganizationStudent ExceptionsHFA Requirements & InterpretationsMonitoring Student StatusDay 1, Part 3: Determining Asset Income Introduction to AssetsAsset Inclusions & ExclusionsImputing Asset Income Disposed Assets Review of Common Assets Day 1, Part 4: Determining Income Method of Determining Income Overview of Income InclusionsOverview of Income ExclusionsEarned Income Sources Unearned Income Sources Day 1, Part 5: Leasing & Certification Requirements Tenant Income Certification Form Lease RequirementsRecertification Requirements Day 2, Part 1: Allocation Process Introduction Key PlayersApplication for CreditsQualified Allocation Plan Credit ReservationDay 2, Part 2: Development & Lease Up Placing in Service Carry-over Allocation Set-Aside Elections Income & Rent Limits Calculating & Claiming Credits Day 2, Part 3: Ongoing Compliance Requirements Available Unit Rule & Vacant Unit Rule Unit Transfers Record Retention Compliance Monitoring Non-Compliance Day 2, Part 4: Acquisition/Rehab Allocation & Calculation of Acq/Rehab CreditsClaiming Acq/Rehab CreditsCertifying Existing HouseholdsFederally Funded Projects - URAResyndicationDay 2, Part 5: LIHTC Layered with Other Programs & Laws LIHTC & Tax-Exempt BondsLIHTC & HOME FundsLIHTC & Section 8LIHTC & RDLIHTC & Fair Housing/ADA Meet Amanda Lee GrossMs. Gross has eighteen years of hard-won, real-world knowledge and experience in all aspects of the affordable housing industry. She has learned the affordable housing industry from the ground up, starting as a site manager, eventually rising to the position of Compliance Director for a multi-state, 5,000+ unit management company. Ms. Gross has leveraged that experience and became a nationally recognized expert trainer in Fair Housing, LIHTC, RD, HUD, and HOME. Over the last eight years, she has conducted hundred of training nationwide, and has provided consulting services to State Housing Finance Agencies, Public Housing Authorities, management companies, and developers. Ms. Gross is a featured speaker at numerous industry events every year. She also provides custom-tailored trainings to private organizations who understanding that highly-trained staff are more effective and better able to protect the assets and reputation of companies. She also works in a consulting capacity, advising clients in the development of their policies and procedures, optimizing project compliance performance, and addressing audit findings. Ms. Gross's areas of expertise focus on the following programs: Fair HousingLow-Income Housing Tax Credit (LIHTC) ProgramUSDA/RD Rental Housing ProgramHUD Multifamily Housing ProgramsHOME Investment Partnership ProgramTax-Exempt Bond Compliance A Professional Training Experience At All US Housing Consultants Workshops and Certification Courses, Attendees are guaranteed: Free ParkingEasy to Follow Printed Materials and Reference GuidebooksContinental Breakfast and Full Lunch ProvidedProfessional Trainers with more than 10 years of experience as a trainer/speakerA Relaxed and Fun Training Environment