Agenda

Session 1: Housing Credit Program Basics

Veteran trainers explain how Housing Credit program structure impacts compliance and management. Learn about minimum set-aside rules, income and rent restrictions, and affordability commitments. Gain an understanding of the role of the state allocating agency in monitoring compliance and the impact of property compliance on the flow of Credits to investors.

TRAINERS
George Lydford, Senior Program Analyst – LIHTC | Internal Revenue Service
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Thomas Stagg, Partner | Novogradac & Company LLP

Session 2: Tenant Qualification Part 1 – Income Calculation Rules

Dig into Housing Credit tenant qualification requirements, including rules for calculating tenant income, treatment of student financial assistance, income exclusions, preferred income verification methods, tenant income certifications, and recent changes to income calculation rules in the Housing Opportunity Through Modernization Act (HOTMA).

TRAINERS
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Cara Pollei, Team Leader of Compliance Monitoring | Texas Department of Housing and Community Affairs
Jennifer Robinson, Vice President, Tax Credit Programs | National Center for Housing Management

Session 3: Tenant Qualification Part 2 – Asset Documentation

Learn the impact of assets on Housing Credit tenant qualification, including new HOTMA requirements for calculating tenant assets, categories of personal property, rules for imputing income from assets, documentation and verification rules, asset exclusions, and self-certification options.

Session 4: Physical Inspection Requirements

Gain a better understanding of Housing Credit compliance requirements related to physical inspections, including the impact of HUD’s new National Standard for the Physical Inspection of Real Estate (NSPIRE) inspection protocol. Explore state agency site visit requirements, fair housing and accessibility rules, strategies to streamline compliance site visits, and best practices for correcting property noncompliance.

TRAINERS
Cliff Kornegay, Director of the National Standards for Physical Inspection of Real Estate (NSPIRE) Standards Division, Real Estate Assessment Center (REAC) | US Department of Housing and Urban Development
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Manuel Peña, Jr., Manager, Physical Inspections | Texas Department of Housing and Community Affairs

Session 5: Documenting and Maintaining Compliance

Learn about essential compliance documentation for the first year of the Credit period and strategies for maintaining compliance during the Credit and extended use periods. Review tenant recertification requirements, the next-available-unit rule, the annual owner certification, and other essential compliance documentation. Explore the impact of income and rent limit changes, utility allowance updates, and noncompliance on documenting continued compliance in developments.

TRAINERS
George Lydford, Senior Program Analyst – LIHTC | Internal Revenue Service
Wayne Michael, Principal, Senior Director of Education | Novogradac & Company LLP
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP

Session 6: Hot Topics in Housing Credit Compliance

Explore current challenges in Housing Credit compliance and management, including additional perspectives on monitoring compliance with the average income test minimum set-aside, fair housing and accessibility violations, Violence Against Women Act (VAWA) compliance, tenant relocation rules, compliance requirements in acquisition/rehabilitation deals, and other compliance best practices.

TRAINERS
Stephanie Naquin, Director of Multifamily Property Compliance | Novogradac & Company LLP
Thomas Stagg, Partner | Novogradac & Company LLP

Housing Credit 101: Compliance