Description

Course Description:
This course has been designed to provide an overview of the fundamentals of the Low-Income Housing Tax Credit (LIHTC) program, including compliance time periods, the basics of applying for tax credits, how credits are calculated, recapture, tenant income calculation and eligibility, rent setting, ongoing eligibility requirements, and property inspection protocol.
NOTE: All materials needed for this course are available digitally in the Getting Started With Your Course dropdown, which can be accessed by using the Content tab above. Physical copies of these materials will not be shipped. Should physical copies of these materials be required, you may contact Sales@nanmckay.com to request them. *Fees may apply

Duration:
This is a self-paced training, requiring approximately 35 Hours to complete including learning exercises, study, and exam time.

CEUs:
3.5 Credits

Instructors:
Heather Sievers, Trainer and Consulting Manager, Nan McKay & Associates

Audience:
Those currently managing LIHTC properties and those interested in understanding the basics of LIHTC project management.

Learning Objectives:

• Recall how the Low-Income Housing Tax Credit (LIHTC) program works
• Determine the value of tax credits for a particular project
• Identify the steps necessary to avoid recapture
• Understand compliance monitoring requirements
• Identify and apply the correct income limits based on various factors, including household size and project location
• Recognize the requirements for calculating income using HUD Handbook 4350.3, REV-1, and other resources
• Apply the gross rent limit and explain how the Section 8, public housing, supportive services, and rural housing services programs affect this determination
• Identify lease requirements and annual recertification requirements for the LIHTC program
• Recognize the requirements for inspections in LIHTC, including the frequency of inspections

Exam:

To attain certification and earn CEUs, you must complete all the required coursework and earn a 70% or higher on the final assessment. You will have three attempts to earn a passing score on the exam. If unsuccessful, you must wait 24 hours before making any additional attempts.

Technology and Equipment Required:

To complete this course, you will need a computer, smartphone, or tablet with a stable internet connection to access the course parts and resources.

Contact Us:

If you have any technical difficulties during the course or have any other questions in regards to the Exam or the Certification process, please contact us via e-mail (onlinetraining@haigroup.com) or call 1-800-873-0242 ext. 651. Our standard hours are Monday through Friday 8:00am to 4:00pm EST.

Pricing and Payment Options:

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Disclaimer

The information presented is for general reference only. HAI Group makes no representation or warranty about the accuracy or applicability of this information for any particular use or circumstance. Your use of this information is at your own discretion and risk. HAI Group and any author or contributor identified herein assume no responsibility for your use of this information. You should consult with your legal, professional or subject matter advisor before implementing any new strategy or policy.

Copyright

This course Copyright 2024 HAI Group.

More Information

• IACET Continuing Education Credit Hours: 3.5