Presented by: Zeffert and Associates

Location: CHFA, 1981 Blake Street, Denver, Colorado 80202

Sign in: 8:00am MT 

Workshop: 8:30am to 5:00pm MT

This comprehensive one-day training is designed to provide an in-depth understanding of the Low Income Housing Tax Credit program (LIHTC), focusing on property ownership concepts and compliance requirements. 

This course is ideal for property owners, developers, Board members, compliance officers, and other housing professionals who require a basic understanding of Housing Tax Credits and are looking to deepen their knowledge.

Topics covered include:

Compliance requirements

• detailed review of Section 42 regulations;
• updates on IRS Final Regulations for compliance monitoring;
• specific compliance terms and qualified basis rules.

Tenant eligibility and certification

• in-depth tenant eligibility criteria;
• income and asset verification techniques;
• handling complex tenant situations and exceptions.

Rent and income limits

• calculation of rent and income limits;
• adjustments for different household compositions;
• managing rent increases and decreases within compliance.

File documentation and record retention

• best practices for maintaining thorough and accurate documentation;
• record retention requirements and strategies for compliance.

Unit vacancy and available unit procedures

• managing unit vacancies and ensuring compliance with available unit rules;
• strategies for minimizing vacancy rates while maintaining compliance.

Compliance monitoring and reporting

• preparing for and managing compliance audits;
• reporting requirements and common pitfalls to avoid.

Fair Housing compliance

• ensuring compliance with Fair Housing laws;
• addressing common Fair Housing issues at properties.

This class satisfies CHFA training requirements for obtaining your IRS Form 8609.

This class provides seven hours of continuing education.

Cost: $365 members; $395 nonmembers