NAHASDA LIHTC Compliance for Professional Certification
July 10 - July 13, 2012
Minneapolis, MN
Course Description
This intensive, three and one half-day training course is designed to provide tribal housing professionals with an overview of the federal Low-Income Housing Tax Credit (LIHTC) program, and how the program can complement other tribal housing initiatives. The course provides both a general explanation of the program and describes detailed procedures and requirements for continuing operational compliance under the LIHTC and the Native American Housing Assistance and Self-Determination Act (NAHASDA) programs.
The class addresses the fundamentals of tax credit compliance from a global perspective and explains how compliance can be integrated into an existing property management regimen. Participants will also learn about tenant compliance requirements and the costs and penalties associated with non-compliance. How NAHASDA fits into the LIHTC program will also be discussed, and in particular, admissions and occupancy requirements.
Objectives
- Obtain a basic understanding of the LIHTC program and its relationship to tribal housing initiatives.
- Understand critical dates and other factors associated with the development process.
- Learn the compliance requirements and obligations associated with participation in the LIHTC program together with an understanding of the costs and penalties associated with non-compliance.
- Discuss ongoing tenant compliance requirements of the LIHTC and NAHASDA programs and related issues.
- Understand how NAHASDA factors into the admissions and compliance aspect of this program when funds from both programs are used.
Who should attend?
Housing directors, housing managers, resident service staff, and LIHTC compliance officers/managers, and other housing staff interested in learning more about LIHTC/NAHASDA Compliance issues are encouraged to attend.