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Housing Credit Connect to Feature Special “Housing Credit 101” Training

Published on May 12, 2014 by NCSHA Staff
Housing Credit Connect to Feature Special “Housing Credit 101” Training

NCSHA’s Housing Credit Connect offers dozens of educational sessions, multiple networking events, and the largest exhibition of affordable housing products and services in the country.  This year, attendees who are new to the Housing Credit program or want a good refresher will have an additional opportunity to attend a special “Housing Credit 101” track.

Get members of your team up to speed on basic program rules, eligible basis and Credit calculations, the development process, deal structuring and syndication essentials, and Housing Credit compliance requirements during these five training sessions:

Housing Credit Program Basics
Veteran industry trainers discuss the role of state allocating agencies, IRS, and private sector participants in the Housing Credit program, plus basic program requirements, including qualified allocation plans, federal preferences and criteria, income and rent restrictions, and the compliance rules.

Eligible Basis and Credit Calculations
Learn important program rules regarding the three types of Credit, tax-exempt bond financing, underwriting and financial feasibility, federal subsidies, applicable percentages, determining eligible basis, and calculating maximum Credit amounts.

The Development Process
Delve deeper into the Housing Credit development process, including discussion of market studies, carryover allocations, the 10 percent test, substantial rehabilitation requirements, construction monitoring, important program milestones, and placed in service requirements.

Deal Structuring and Syndication Essentials
Learn fundamental aspects of structuring Housing Credit deals, including review of multifamily financing options, developer fees, the syndication process, direct investment and syndicated investment structures, equity pricing considerations, and partnership agreement basics.

Monitoring and Program Compliance
Understand critical aspects of Housing Credit compliance, including tenant eligibility requirements, verification of income and assets, income recertifications, the next available unit rule, compliance monitoring responsibilities, physical inspections, and the impact of noncompliance on Credit delivery.

Register yourself and your staff today to take advantage of this full day of Housing Credit training.  Be sure to register before May 29 to take advantage of the special reduced early registration rate.