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Flatten your Tax Credit learning Curve by xfo16833

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									1200	G	Street,	N.W.,	Washington,	DC	20005-6703




low-income housing Tax Credit
and mixed Finance Compliance
Training and Certification




                                                 Flatten your
                                                 Tax Credit
                                                 learning Curve
                                                 Learn the new 2010 method
                                                 for calculating income limits!


                                                 Winter / Spring 2010


low-income housing Tax Credit and mixed Finance
Compliance Training and Certification


Training the affordable housing industry                                          WWW.QUADEL.COM
                                         Why you Can’t Afford to miss
                                         Our Tax Credit Training
                                     1   We	all	know	that	noncompliance	can	cause	a	loss	of	tax	credits.	
                                         Making	the	investment	in	training	ensures	that	you	and	your	staff	have	
                                         the tools needed to make maintaining compliance less challenging.

                                     2   More	and	more	state	monitoring	agencies	are	requiring	property	
                                         owners	and	managers	to	attend	tax	credit	compliance	training.	
                                         These	agencies	recognize	that	having	well-trained	staff	helps	protect	

Did you know?                            credits	and	preserve	the	mission	of	providing	affordable	housing.	

                                     3   Our	training	can	help.	We	provide	comprehensive,	clear	training	
                                         presented	by	expert	trainers.	We	train	over	5,000	affordable	
The IRS 8823 Audit Guide
                                         housing	professionals	annually,	and	our	knowledge	has	been	
instructs state agencies not
                                         built	through	over	30	years	of	experience	in	the	industry.	We’re	
to submit a Form 8823 when               committed	to	making	a	difference	in	affordable	housing	—	and	
an owner finds and corrects an           providing	quality	training	is	just	one	way	we	show	that	commitment.	
incidence of noncompliance
prior to receiving notice
from the state agency of
a monitoring review.
                                         Quadel’s Tax Credit Training
This is another reason why
                                         Regularly Scheduled Courses.	Our	courses	are	offered	across	the	country.	
it’s beneficial to have a good
                                           •	Tax	Credit	Compliance	Systems	(TaCCs)
system of Quality Control in               •	Managing	LIHTC	Compliance	with	CDBG	&	HOME	Funds
place at your tax credit property.         •	Managing	LIHTC	Compliance	in	Section	8,	236,	202	&	811	
                                             PRAC	Properties

                                         Special Sessions.	Bring	our	training	directly	to	your	organization,	

Having   well-trained ,                  conveniently	saving	travel	costs,	and	minimizing	time	out	of	the	office.	
                                         Offerings	include	all	of	our	regularly	scheduled	trainings,	plus	—

knowledgeable staff                        •	Introduction	to	the	LIHTC	Program:	Determining	Eligible	Basis	
                                             and the Cost Certification Process

on-site greatly   improves                 •	Summary	of	IRS	Form	8823	Guide	—	Revised	in	2009
                                           •	Managing	LIHTC	Compliance	with	the	Public	Housing	Program

                                         Go	to	www.quadel.com	for	more	information	on	Special	Sessions,	or	
all your Quality Control efforts.        contact	our	training	coordinator	at	800.987.2581	or	training@quadel.com	
                                         to	schedule	a	Special	Session.

                                         Quadel	offers	a	range	of	tax	credit	compliance	services.	
                                         Please	contact	Annabelle	at	800.987.2581	or	lihtc@quadel.com,	
                                         or	click	www.quadel.com	for	more	information	on	how	to	keep	your	
                                         affordable	housing	tax	credit	investment	compliant.
TaCCs Tax Credit Compliance Training and Certification
TaCCs Tax Credit
Compliance Training                          TaCCs AGENDA
and Certification                            IRS	Audit	Guide	Material	Included
You can’t afford to miss TaCCs
training. Too much is at stake to risk
noncompliance. Attend our TaCCs
                                             D Ay O n e                               D Ay T W O
training and get the tools you and           8:30 AM                                  8:30 AM
your staff need to maintain tax              Overview                                 Unit Eligibility
credit compliance.                                                                    Suitable for Occupancy,
                                             LIHTC Introduction                       Open to General Public
                                             What is a Tax Credit?
•	Learn	the	new	2010	method	for	
  calculating income limits                  Minimum Set-aside                        Maximum Allowable Rent
                                             Definition, Options & Calculations       Definition, Calculation, Deep Rent Skew &
                                                                                      Housing Choice & Project Based Vouchers,
•	Protect your investment                    Applicable Fraction                      Rent Floor
  through compliance                         Unit & Square Foot Fractions, Actual
                                             Applicable Fraction, 2/3 Rule            Utility Allowances
•	Obtain	the	latest	IRS	and	
                                             First Year Leasing Objectives            Charges in Addition to Rent
  HUD guidance                                                                        Optional Services, One-Time Fees
                                             Applicant Eligibility
•	Housing	Recovery	Act	of	2008	              Income Eligibility, Household Size       Annual Recertification
  update included                            Additional Eligibility Criteria          140% Rule, Unit Eligibility, Changes in
                                                                                      Household Composition, Recertification
                                             Full Time Students, Resident Managers,
•	Mixed	Finance	Compliance	optional	                                                  Schedule, Recertification Activities,
                                             Housing Choice Voucher Holders
                                                                                      Recertification Waivers
  module includes Sections	3,	236,	          Applications, Waiting Lists &
  202,	811	PRAC	Properties,	HOME	            Resident Selection Plans                 Available Unit Rule
                                                                                      Definition, AUR at Deep Rent Skew
  and CDBG Properties
                                             12:30 PM                                 Properties, One for All Approach,
                                                                                      Treatment of Ineligible Families
•	Learn	from	expert	trainers                 Lunch (on your own)
                                                                                      Vacant Unit Rule
                                             Annual Income
•	Receive	our	acclaimed	course	                                                       Definition, Demonstrating
                                             Definition, Computation
  book,	including	sample forms                                                        Reasonable Effort
                                             Income Inclusions & Exclusions
                                             Sporadic, Seasonal, Self-Employment &    Unit Transfers
•	Practice	using	real-world	                                                          Within the Same Building,
                                             Dependent Income; Absent & Confined
  examples and case studies                  Family Members; Scholarships &           To a Different Building
                                             Grants; Alimony & Child Support;
•	Earn	a	nationally	recognized               Lump-Sum Payments                        12:30 PM
  certification                                                                       Lunch (on your own)
                                             Assets
                                             Definition, Calculation, Cash Value,     TaCCs Certification Exam
                                             Imputed Income
                                                                                      4:30 PM
Who Should Attend?                           Types of Assets
                                             Trusts, Annuities, Lump Sums,            Training Concludes
                                             Retirement Funds
Anyone	responsible	for	completing	or	
overseeing	the	LIHTC	compliance	             Assets Disposed of for Less than
process including —                          Fair Market Value                        D Ay T h r e e              (optional)
                                                                                      Mixed Finance Module 
                                             Verification Requirements
•	Site	managers                              Third-Party Verifications, Review of
                                             Documents, Self-Certification,
•	Regional	property	managers                 Verification Timing

•	Asset	managers                             Initial Certification & Leasing
                                             Acquisition/Rehab Credits, Completing
•	Owners,	developers,	syndicators	and	       the TIC, Leasing Requirements
  investors	wanting	a	clear	understanding	   5:00 PM
  of requirements that tax credits add       Day One Concludes
  to property management

•	State	&	local	agency	staff                                                                             WWW.QUADEL.COM
Scheduled 2010 LIHTC Workshops: Locations & Dates
All Dates Include Mixed Finance Option
Columbus, OH               New York, NY                Philadelphia, PA            Portland, OR
JAN	19-21                  MAR	16-18	                  APR	20-22	                  MAY	18-20
Four	Points	Sheraton	      AMA	Executive	              Hilton Philadelphia City    Sheraton	Portland	
Columbus	Ohio	Airport	     Conference Center           Avenue                      Airport Hotel
614.475.8383               212.903.8060                215.879.4000                503.281.2500	

Washington, D.C            Sacramento, CA              Boston, MA                  Greensboro, NC
FEB	9-11                   APR	13-15                   MAY	11-13                   JUN	15-17
Washington	Plaza	Hotel     Marriott	Courtyard	         Crowne	Plaza                Sheraton	Greensboro	
202.842.1300               Sacramento	Midtown          Boston-Natick               Hotel	at	Four	Seasons
                           916.455.6800                508.653.8800                336.292.9161




        The tax credit class was extremely informative. The instructor
        was	knowledgeable	and	made	it	very	easy	to	learn.
                     ALIsIA ChObRA,
                     brackenhoff Management Control




Workshop Options
 OPTION                                         a                  b                  c                  d                e

 TaCCs	Workshop	and	Examination                 ✔                  ✔

 TaCCs	Workshop	Only	(no	exam)                                                        ✔                 ✔

 Mixed Finance:
 Section	8,	236,	202	&	811                      ✔                                     ✔                                   ✔
 HOME	and	CDBG	Funding

 Number	of	Days                                 3                  2                2	½                 1	½               1

 Regular	Registration                         $815               $595               $725              $500              $325

                                         A	late	registration	fee	of	$100	will	be	assessed	for	enrollments	and	payments	received	
 Late	Registration
                                         within	seven	days	of	the	workshop.

Select the column that includes your choice of workshops for online and written registrations.




                                                                                                             TRAINING@QUADEL.COM
Three easy Ways to register
 1         Register and pay online	by	visiting	us	on	the	web	at
           www.quadel.com	(Click	on:	“Training”).

 2         Fax this form	and	your	payment	information	to	202.729.6211.

 3         Mail this form	along	with	your	payment	information	to	Quadel	
           at	the	address	below.


IMPORTANT:	Payment	for	this	workshop	must	be	received	no	later	than	seven	
days	prior	to	the	start	of	the	workshop.	A	$100	late	fee	is	added	to	all	payments	
received	in	our	office	within	seven	days	of	the	workshop.	Additionally,	balances	
must	be	paid	in	full	for	admittance	into	the	workshop.




  r e g i S T r AT i O n F O r m
                                                                                                                                      1 2 0 0 	 G	 STREET,	 N . W.
  2010 LIHTC Compliance Workshops
                                                                                                                         WAS H I N G T O N ,	 DC	 2 0 0 0 5 -6 7 0 3
      	A	check	payable	to	Quadel Consulting Corporation for $ ______________                                                          P HONE :   800.987.2581
                                                                                                                                E M A IL:   training@quadel.com
      	for	____________	registrations	is	enclosed.	Please	identify	workshop
                                                                                                                                                 www.quadel.com
  	    location,	date	and	participants	on	your	check.

       Charge my                Visa           	MasterCard			 	AMEX

  AMOUNT	$

  C A R D 	 #	                                               	              EXP.

  C A R D H O L D ER’ S	 N AME	 ( PLEASE	 PRINT)

  C A R D H O L D ER’ S	 BILLIN G 	 AD DRESS




  C A R D H O L D ER’ S	 S IG N ATURE

  WO R k S H OP	 LO CATIO N 	                                	              DAT E

  PLEASE	 PRINT	 NAME	 OF	 EACH	 PARTICIPANT	 AND	 DESIGNATE	 THE	 APPROPRIATE	 OPTION:

  NAME	                                                      	              	       	     O PT I O N

  NAME	                                                      	              	       	     O PT I O N

  NAME	                                                      	              	       	     O PT I O N


  C O M PA N Y

  ADDRESS

  CITY	                                                      	              STAT E	       ZI P

  PHONE	                                                     FAX

  E M A I L 	 ( REQ UIR ED )

      	 YES,	 SIGN	 ME	 UP	 FOR	 QUADEL	 MULTIFAMILY	 EMAIL	 NEWSCASTS	     	                	 SPECIAL	 ACCOMMODATIONS


  R E G IO N AL	 PRO PERTY	 MAN AG ER

  M A N AG E MEN T	 CO MPAN Y

  PHONE	                                                     FAX


  Confirmation	of	registration	will	be	sent	to	the	email	address	or	fax	number	provided	above.	PHA’s	should	note	that	this	training	program	does	not	
  apply	to	the	conventional	Public	Housing,	Housing	Choice	Voucher	and	Moderate	Rehabilitation	programs.


                                                                                                                                                  1-800-987-2581
lihTC Tax Credit and mixed Finance Compliance Training
Our	compliance	training	for	LIHTC	properties	with	multiple	subsidies	
explains	how	to	handle	the	challenge	of	conflicting	program	rules.



                                                                                           SpeCiAl SeSSiOn*
MIXED FINANCE MODULE AGENDA                                                                Managing LIHTC Compliance
                                                                                           with the Public Housing Program
D Ay T h r e e              (optional)
Managing LIHTC                               Managing LIHTC                                How can I ensure that I continue to
                                                                                           lease the correct number of Public
Compliance with Section 8,                   Compliance with HOME                          Housing units while maintaining tax
Section 236, Section 202                     and CDBG Properties                           credit compliance?
& 811 PRAC Properties
                                             How many units in each tax credit             Do tenants have to qualify for both the
                                             building must be Low HOME units?              Public Housing & the LIHTC program in
How do we handle existing HUD
                                             How many High HOME units? Has the             order to live at the property?
residents living at a tax credit property?
                                             applicable fraction been maintained?          How do we handle income disallowances
When do Tenant Income Certifications
                                             What are my HOME compliance                   and minimum rent?
need to be completed at acquisition/
rehab properties?                            and monitoring requirements?                  How do occupancy standards affect
                                             How do they coincide with the tax             our property?
How do we resolve conflicts between          credit requirements?
HUD & IRS program rules? Where do
we go for guidance?                          Where do I look to find my CDBG
                                             regulatory requirements? How do I             AGENDA
                                                                                           (Half-day to full-day customized program
                                             apply them to the tax credit property?
                                                                                           provided on request)
8:30 AM                                                                                    Program Descriptions & Introduction
Program Descriptions & Introduction
                                             1 :3 0 P M                                    Mapping a Mixed-Finance Property
Eligibility Requirements                     Program Descriptions & Introduction           Number & Placement of Units, Fixed or
Income Limits, Initial Certification,                                                      Floating, Subsidy Layering Requirements
Income Calculation & Verifications,          Eligibility Requirements
Student Eligibility, Waiting List            Income Limits, 40% & 50% Rule, Income         Eligibility Requirements
Requirements, Occupancy Standards,           Calculation & Verification, Student           Family Size, Income Limits, Calculations
Fair Housing & Section 504                   Eligibility, Fair Housing & Section 504       & Verifications, Students, Fair Housing
                                                                                           & Section 504, Occupancy Standards,
Maximum Allowable Rent                       LIHTC & HOME Program Differences              Waiting Lists & Screening
Applicable Rules, Additional Charges         Maximum Allowable Rent, Housing
                                             Choice Vouchers, Project Based                Maximum Allowable Rent
Ongoing Compliance                           Vouchers, Project Based Section 8,            Rent Calculations, PHA Minimum Rent,
Recertifications, Transfers, Vacant Unit     Utility Allowances, Rent Increases &          Flat Rents, Utility Allowances
Rule, Reporting Requirements                 Decreases & Rent Floors                       Ongoing Compliance
Decoupled 236 Projects                       Leasing Requirements &                        Leasing, Recertifications, Physical
                                             Ongoing Compliance                            Inspections, Available Unit Rule,
Refinancing Section 202                      Re-certifications, Fixed & Floating Units,    Community Service Requirement
Direct Loans                                 Transfers, Reporting Requirements             Private Activity Bonds
Other Issues                                 HOME & Private Activity Bonds                 Minimum Set-Aside, Maximum Allowable
Transfer of Ownership,                       CDBG Program: Eligibility & Income            Rent, Available Unit Rule, Vacant Units,
Management Reminders                         Limits, Other Requirements                    Construction Financing

12:30 PM                                     5 :0 0 P M                                    Overview of Using HOME & CDBG Funds
Lunch (on your own)                          Training Concludes

                                                                                          * The Public Housing Module is currently
                                                                                            offered only as a special session on
                                                                                            request. For information on how to
                                                                                            schedule a Public Housing training,
                                                                                            contact our training coordinator at
                                                                                            800.987.2581 or training@quadel.com.

								
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