Tax Credit Compliance is Complex. Let us Help You Conquer the Challenges

US Housing Consultants' Director of Compliance Training, Gary Kirkman, delves deep into the Low-Income Housing Tax Credit laws and regulations and provides examples with practical application. This engaging and interactive session utilizes examples and exercises to help attendees develop a thorough comprehension of how to maintain project compliance and why doing so is important.

Everything You Need to Know About Tax Credit Compliance

Monitoring a project’s compliance is a vital part of LIHTC. And it can be the most complex and challenging part to understand. Gary reviews the complicated rules of annual credit calculations and income and rent limits, regulations regarding working with minimum set-asides, and project allocation as well as the most critical reporting requirements. Compliance standards for household eligibility, essential to a property meeting the IRS standard, is also covered.

• Calculation of earned income and income from assets, and unearned income.
• Leasing Requirements & Student Eligibility
• Handling Project Set-Asides and Eligible Basis
• Calculating Rent Limits and Handling Utility Allowances
• Learn best practices for ensuring that you are always in compliance.

Earn a Housing Credit Certified Professional (HCCP) Designation 

An optional Housing Certified Certified Professional (HCCP) Exam is offered with this course. The HCCP exam is open to anyone who would like to take it. The HCCP is a specialized designation through the National Association of Home Builders (NAHB) for developers, property managers, asset managers, and other professionals working with the Low-Income Housing Tax Credit (LIHTC) program.

This training event is sponsored by the Oklahoma Housing Finance Agency (https://www.ohfa.org).

Meet Gary Kirkman

Gary joined US Housing Consultants with more than 17 years working in the affordable housing industry. Gary has experience as a regional property manager a training director for a property management company, and as a trainer covering multiple funding programs. He has developed a style which combines entertainment and communication of often deeply complex information. 

Gary's expertise includes:

• Fair Housing
• Low-Income Housing Tax Credit (LIHTC) Program
• USDA/RD Rental Housing Program
• HUD Multifamily Housing Programs
• HOME Investment Partnerships Program
• Tax-Exempt Bond Compliance