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Tax Credit Training & HCCP Exam Prep

Tax Credit Training & HCCP Exam Prep

Deadline to register: April 12

Wednesday, April 24, 2024 at 9:00 AM (CDT) to Thursday, April 25, 2024 at 3:00 PM (CDT)

Event Details

The Housing Credit Certified Professional (HCCP) is the leading credential in the Low-Income Housing Tax Credit industry, representing the highest level of competency and knowledge, as well as a commitment to the highest ethical standards. This course consists of a day and a half of training followed by the exam prep session.  Exam session attendees will be provided HCCP exam codes to take the exam at their office/home (exam fee is not refundable).

About the Speaker, Stacy Day

Stacy Day is Vice President of Operations and Innovation at Karen A. Graham Consulting, LLC, a Cincinnati-based affordable housing consulting firm. Ms. Day is a highly experienced professional in the multi-family property management industry with 25 years of experience in affordable housing. Stacy has held Vice President roles in both Compliance and On-Site Operations, so she understands the challenges to keep the bottom line in check while staying in compliance.

Continuing Education Credit

Participants attending the entire course will receive 12.0 Continuing Education Credits.  You must log in first for your credits to appear on your Member Compass.

Course Fees

$495  AAGM member, Full Course-Day 1 & 2 (does not include test prep)

$575 Non-member, Full Course-Day 1 & 2 (does not include test prep)

$205  Test Prep/Exam code only (fee is non-refundable)

**Deadline to cancel for a refund is April 12.  Please note: Exam code fee is not refundable.**

Schedule

Day 1 Training, 9:00 am-5:00 pm 
Continental breakfast and lunch will be provided

Day 2 Training, 9:00 am-1:00 pm
Continental breakfast will be provided

Day 2 Exam Prep: 1:00-3:00 pm 

This course will cover the following:

  • Six key requirements for managing a LIHTC Property
  • A complete review of the major players and governing documents & project info
  • Determining maximum incomes, maximum rents, and utility allowances
  • Qualifying residents & income certifications:  determining household composition, processing an application, verifying income and assets, calculating household income & assets, and the full-time student rule.
  • Ongoing compliance: lease requirements, move-ins, re-certifications, transfers, special rules for live-in care attendants, changes in household composition, layering of programs, file maintenance, and compliance monitoring
  • HOTMA (Housing Opportunities Through Modernization Act) Updates
  • LIHTC allocations & determining the value of the LIHTC
  • Project set-asides, eligible basis, applicable fractions, qualified basis, credit percentages, treatment of exempt units
  • Critical periods, the first year of the credit period – lease up and acquisition-rehabs
  • Advanced rent & fee issues
  • IRS forms & correcting non-compliance
  • Unit vacancy rule & available unit rule
  • Combining LIHTC w/ other programs
  • Average Income Test