HCCP- Tax Credit Compliance Certification

Mastering LIHTC Compliance

A two-day course with option HCCP exam on the 3rd day

This is our in-depth, 2-day Low Income Housing Tax Credit (LIHTC) course, and it can be followed by the HCCP exam – developed by the National Association of Home Builders – on the morning of the 3rd day. An optional 1½-day abbreviated version covers all of the testable areas for the HCCP exam, and allows for the option of taking the HCCP exam on the last half-day. This option is recommended only for advanced personnel. The second day is popular as a stand-alone session for beginning and intermediate students. 

DAY 1 Agenda: Arrive by 8:00 am to start by 8:30 

8:30 am - 5:00 pm

Property LIHTC Compliance

• Introduction and Brief Overview
• What are Tax Credits?
• The Players
• Development Details
• How Credits are Calculated
• 8609 Terms-Eligible & Qualified Basis
• Applicable Fraction & Credit Percentages
• Income & Rents
• Milestones in the Life of a Property
• Unique Aspects of LIHTC Acq/Rehabs
• Other Key Requirements
• Keeping the Next Available Unit Rule & Vacate Unit Rules Straight
• Fair Housing
• Combining LIHTC with other Programs

DAY 2 Agenda: 8:30 am -5:00 pm

Certifying LIHTC Households

• Qualifying Households
• Preview of Certification Steps
• Interview & Application
• Determining Household Size
• Establishing Student Status
• Acceptable Verification Methods
• Anticipating of Annual Income
• Income from Assets
• Disposed of Assets
• Completing the TIC
• Completing a Move-In
• Recertification
• Monitoring Requirements "Enjoying" State Visits
• Updates-Recent IRS Developments
• Q & A

Day 3 Optional HCCP Exam:

• Review Session Before Exam-8:30 am - 1:30 PM

• 11:00 am - 1:30 pm HCCP EXAM 

Attendees Will Receive:

• A  very useful spiral bound course manual 

• An emailed Certificate of Attendance reflecting 14 hours of continuing education good toward any of the nationally recognized LIHTC designations (HCCP, NCP, C3P, etc.)