Pre-Conference Training: Fundamentals of Low-Income Housing Tax Credit (LIHTC) Management

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Training: April 29 – April 30, 2019
Turning Stone Resort Casino
5218 Patrick Rd
Verona, NY 13478

Pre-Conference Two-day Training Session

8:00 am – 5:00 pm

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.

This two-day training session is a HUD-approved expense. Breakfast, lunch and dinners are on your own.

Exam costs are included.

  • Agenda



    8:00 Registration
    8:30 Welcome and Introductions
    8:45 Learning Outcomes
    9:00 Low-Income Housing Tax Credit Program Basics

    • Credits versus Deductions
    • PHA Participation in the LIHTC Program
    • Regulatory Agencies
    • LIHTC Basics
    • Rent limits
    • Income Limits
      • Minimum Set-Aside (MSA)
      • Definition of a Project

    10:15 Break

    10:30 Important Compliance Time Periods

    • Credit Period
    • Federal Compliance Period
    • Extended Use Period
    • Placed-in-Service Date

    Learning Activity

    Regulatory Documents

    Learning Activity

    Post Test

    Application Process & Calculating Credits

    • Applying for Tax Credits
    • Syndication and Equity Investment

    12:00 Lunch (on your own)

    1:00 Application Process & Calculating Credits (continued)

    • Calculating Qualified Basis

    Learning Activity

    Post Test
    Compliance Monitoring & Avoiding Recapture

    • Compliance Monitoring
    • Earning Credits and Recapture
    • Compliance During the Extended Use Period

    Post Test
    Acq/Rehab Basics & First Year Issues

    • First Year Lease Up
    • 2/3 Credits
    • Initial Certifications in Acq/Rehab
    • Applicable Fraction in Acq/Rehab

    Post Test

    2:30 Break

    2:45 Eligibility

    • Student Status

    Learning Activity

    • Screening for Suitability
    • Income Limits
    • Determining Household Size

    Post Test
    5:00 End of Day One


    8:00 Calculating Gross Annual Income

    • Annualizing Income
    • Income Inclusions and Exclusions
    • Income from Assets
    • Verification

    Post Test

    10:15 Break

    10:30 Learning Activity: Blue Lake Meadows Setting Rents

    • Gross Rent
    • Considerations for PBV and HCV Tenants Learning Activity

    12:00 Lunch (on your own)

    1:00 Setting Rents (continued)

    • Unit Size
    • Rent Floor
    • Overcharging Rents
    • Fees
    • Utility Allowances

    Post Test
    Ongoing Eligibility

    • The General Use Rule and Lease Requirements
    • Conducting Annual Re-certifications
    • The Next Available Unit Rule

    2:30 Break

    2:45 Ongoing Eligibility (continued)

    • Changes in Household Composition

    Learning Activity

    • Moves
    • The Vacant Unit Rule
    • Staff Units
    • Property Dispositions and Foreclosure
    • Annual Reporting and Record Retention

    Learning Activity
    Post Test
    Property Inspection Protocol

    • UPCS
    • Scheduling Inspections
    • Noncompliance
    • Considerations in Blended Occupancy Projects

    Post Test
    5:00 End of Day Two

    Online Certification Exam