Event Start Date: 10/31/2023 - Event End Date: 10/31/2023
Event LocationsZeffert University
*Please disregard the October 31st "Start Date." This training is on-demand and available immediately. You will have access to this class until you complete it. There is no deadline.*
Qualifying Households Class A - Application Process
This is the first of three classes that comprise the LIHTC course. In Class A, learn the basics of the LIHTC program and the necessary steps to complete a certification. Topics include determining household size, student status and important requirements for both new tenant applications and recertifications.
Certification overview
Interviews and applications
Determine household size and student status
Methods of verification
Time: Approximately 1 hour Level: Introductory Target Audience: Site staff, Management, Owners/Agents, Syndicators, Developers
Qualifying Households Class B - Types of Income
This is the second class in a series of three classes that comprise the LIHTC course. You will learn how to navigate the different types of earned and unearned income, ranging from zero income and periodic allowances to military pay. Examples of each will be provided, along with how to how to verify income and determine which income to include and exclude in calculations.
Household members’ income determinations
Differentiating between types of income
Income verification
Qualifying Households Class C - Assets
This is the final class in a series of three that comprise the LIHTC course. Almost everyone has one form of an asset or another. It’s your job to know the different types of assets and what may or may not be counted as income. Once asset income has been determined, you’ll need to document it on the Tenant Income Certification (TIC) and recertify that income annually. This class covers these topics and outlines the necessary steps.
Asset definitions and which to include or exclude
Imputing asset values and disposed assets
Completing a TIC and recertification
Time: Approximately 1 hour Level: Intermediate Target Audience: Site staff, Management, Owners/Agents, Syndicators, Developers
Housing Compliance Manager of Tax Credit "HCM-TC" Designation Exam
The Housing Compliance Manager of Tax Credits “HCM-TC” designation exam is designed to help you take the next step in your career to successfully work as a tax credit professional for qualifying households. This 30-question exam is open-book, and the Essentials of LIHTC course manuals will be useful to have on hand during the exam. A score of 67% is required to pass.
Time: 1.5-hour limit Level: Intermediate Target Audience: Site staff, Management, Executives, Owners/Agents, Syndicators, Developers
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