Survey the latest innovations in Housing Credit information technology, including databases for monitoring property information and digital tools for rent reporting. Consider the benefits of electronic files and use of tablets for site visits, as well as best practices in data security protocol and potential use of block chain technology for compliance documentation. DISCUSSION LEADER […]
Learn fundamental aspects of structuring Housing Credit deals, including discussion of common investment structures, equity pricing considerations, financial structuring and underwriting criteria, the syndication process, partnership agreements, and Credit recapture basics. TRAINERS Michael Bernier, Partner | Ernst & Young LLP Tax Credit Investment Advisory Services Thomas Giblin, Partner | Nixon Peabody LLP Courtney Mooney, Associate […]
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Review essential rules for tenant income determination and asset valuation. Gain a better understanding of treatment of wages, Social Security payments, alimony and child support, real estate income, royalties, and other sources of income. Discuss verification of periodic self-employment income from sources such as eBay, Lyft, and Uber. Consider best practices in tenant income and […]
Explore the Housing Credit development process, including review of a typical development timeline, carryover allocation requirements, satisfying the 10 percent test, placed-in-service requirements, key deadlines, and supporting documentation. TRAINERS Thomas Giblin, Partner | Nixon Peabody LLP Patrick Sheridan, Executive Vice President, Housing | Volunteers of America Terry Sween, Development Associate | Dominium Delivered during NCSHA’s […]
Opportunity Zones, a new community development tool authorized in the 2017 tax reform bill, encourage investment in designated high-poverty neighborhoods through favorable capital gains treatment and other incentives. Policy experts explain the new program, the opportunity zone designation process, eligible investments, and how opportunity zone investments might be used with the Housing Credit. DISCUSSION LEADER […]
While Credit allocating agencies continue to refine development cost policies, developers and other industry participants are implementing new practices to reduce costs. Explore innovative cost control approaches that address issues raised in the General Accountability Office report on development costs and NCSHA’s cost study. Learn how to strike the appropriate balance between development cost and […]
Gain an understanding of the three types of Credit, applicable percentages, IRS Form 8609 elections, accounting treatment of construction costs and soft costs, eligible basis calculations, and determining maximum Credit amounts. TRAINERS Dirk Wallace, Partner | Novogradac & Company LLP Susan Wilson, Vice President and Chief Technical Officer | Enterprise Community Investment, Inc. Delivered during […]
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Review HUD’s Violence Against Women Act (VAWA) guidance and how it could apply to Housing Credit developments. Consider implementation of NCSHA’s new VAWA recommended practice, including provisions on tenant notice, emergency transfer plans, and lease bifurcation. DISCUSSION LEADER Jennifer Marchand, Multifamily Program Compliance Technical Advisor | Oregon Housing and Community Services SPEAKERS Scott Michael Dunn, […]
Explore best practices for utilizing the Housing Credit in mixed-income developments. Consider the benefits of a diverse resident base and the underwriting risks associated with units above 60 percent of area median income. Examine zoning variances, impact fee waivers, density bonuses, and other planning incentives for mixed-income development. Understand how the income averaging provision of […]
