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Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management

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. A full agenda can be found on NYSPHADA.org. This three-day training session is a HUD approved expense. Breakfast, lunch and dinners are on your own. Registration: Exam costs are included.