This four-hour webinar is designed for professionals seeking to renew their Housing Credit Certified Professional (HCCP) designation. It provides a vital annual refresh on key compliance terms, recent updates, and practical procedures within the Low-Income Housing Tax Credit (LIHTC) program. This session will reinforce core knowledge, equipping you with the continued expertise needed to navigate the evolving landscape of affordable housing.

Class Agenda:

• LIHTC Program Foundations & Updates

• Review Key Compliance Terms.

• Recent IRS Regulations and Program Guidance.

• Qualified Basis Rules Refresher.

• Average Income Test (AIT): Implementation and Compliance

• Brief History of Average Income (introduced 2018).

• Purpose and Flexibility: Meets demand, offers flexibility by averaging income.

• Regulatory Evolution: Overview of final IRS guidance (Oct 2022) clarifying application.

• Rent Determination, Unit Procedures & Vacancy Rules

• Accurate Rent Determinations.

• Available Unit Rule Procedures.

• Unit Vacancy Rules.

• Casualty Loss & Credit Delivery, Agency Reporting & Record Retention

• Casualty Loss Impact on Credit Claims.

• Casualty Loss Reporting Procedures.

• Agency Reporting Requirements.

• Record Retention Best Practices.

Purchase access for multiple people using our "For Someone Else" feature at checkout. Groups of 10 or more will receive 20% off their total purchase.