Date & Time:
01/06/2022 - 1:00 pm (ET)
Recording available until 03/07/22
Details: This session is being conducted using our online training platform, AJJCSTraining.com.
On December 27, 2020, the FY 2021 Omnibus Spending and COVID-19 Relief Bills became law. One provision of that law was setting the 4% LIHTC at a floor of 4 percent. The provision was effective for acquisition tax credits allocated after December 31, 2020, and for bond-financed properties placed in service and receiving a bond issue after December 31, 2020. The IRS has now issued Revenue Ruling 2021-20, providing clarity on when taxpayers may claim the fixed four percent credit for acquisition and bond projects. The ruling addresses three separate issues relating to the 4% credit: (1) Does the minimum 4% applicable percentage (4% floor) apply to buildings that are financed in part with a draw-down of tax-exempt bonds that were issued in 2020 but had drawn downs of the proceeds in 2021; (2) Does the minimum 4% applicable percentage (4% floor) apply to buildings that were financed with tax-exempt bonds issued in 2020 but then had a “de minimis” bond issue after 2020; and (3) Does the minimum 4% applicable percentage (4% floor) apply to buildings that received an allocation of credits in 2020 and a “de minimis” additional allocation after 2020? This one-hour live webinar will provide a detailed overview of the Revenue Ruling, with specific examples relating to each of the three issues. At the end of the webinar, participants will have a full understanding of when the 4% credit may (and may not) be claimed.
This course was created by A. J. Johnson, a nationally recognized leader in affordable housing compliance. A. J. is also the instructor for this course. This means you are not only being taught by an expert, but you also have the opportunity to easily interact with him. This is the perfect opportunity to get solid, accurate answers to your questions.
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|Training Date||Training Name||Location||Details||State||City||Sort Date|
|12/15/2022||HCCP Review & Exam||Richmond, VA||Virginia||Richmond||2022-12-15|
|12/14/2022||Management of LIHTC Projects - Advanced||Richmond, VA||Virginia||Richmond||2022-12-14|
|12/13/2022||Management of LIHTC Projects - Intermediate||Richmond, VA||Virginia||Richmond||2022-12-13|
|09/15/2022||Calculation & Verification of Income for Affordable Housing Properties||Live Webinar||Not Applicable||Live Webinar||2022-09-15|
|09/13/2022||Management of LIHTC Projects - Basic||Live Webinar||Not Applicable||Live Webinar||2022-09-13|
|08/18/2022||Fair Housing||Live Webinar||Not Applicable||Live Webinar||2022-08-18|
|07/26/2022||Fair Housing||Live Webinar||Not Applicable||Live Webinar||2022-07-26|
|06/29/2022||Development of Criminal Screening Policies for Multifamily Housing||Live Webinar||N/A||Live Webinar||2022-06-29|
|06/28/2022||Income and Asset Verification & Calculation||Live Webinar||Not Applicable||Live Webinar||2022-06-28|
|06/16/2022||HCCP Review & Exam||Richmond, VA||Virginia||Richmond||2022-06-16|
|06/15/2022||Management of LIHTC Projects - Advanced||Richmond, VA||Virginia||Richmond||2022-06-15|
|06/14/2022||Management of LIHTC Projects - Intermediate||Richmond, VA||Virginia||Richmond||2022-06-14|
Dealing with Tenant Assets
This two-hour course provides a detailed discussion of requirements related to the determination of asset value and income, and is applicable to all federal housing programs, including the low-income housing tax credit, tax-exempt bonds, Section 8, Section 515, HOME, and Public Housing. Multiple types of assets are covered, both in terms of what constitutes an asset and how they must be verified. The course concludes with a series of problems, designed to test the ability of the attendee to determine the value of an asset and calculate the income from that asset.
Compliance with Federal & State Fair Housing Requirements
The course “Compliance with Federal and State Fair Housing Requirements” will equip attendees with the knowledge and understanding needed to avoid fair housing violations. The course curriculum is centered around the regulations in the two major fair housing laws, The Fair Housing Act (Title VIII of the Civil Rights Act of 1968) and Section 504 of the Rehabilitation Act of 1973. The course also includes a discussion of the additional state and local protected characteristics. In addition, relevant portions of the American with Disabilities Act (ADA) are covered. The purpose of the Fair Housing Act is to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities. Professional fair housing training assists in this mission by ensuring that housing professionals understand both the rights of the public relative to fair housing and the duties and responsibilities of real estate professionals.
The Average Income Minimum Set-Aside: Requirements & Best Practices
The Average Income Minimum Set-Aside Test was added to the LIHTC program in March 2018. While it is being implemented successfully on many properties, there remains a good deal of industry-wide confusion about the use of the AI set-aside and the risks involved. This one-hour live webinar will review the requirements of the AI, discuss the risks of this set-aside, and provide best practice recommendations for implementation of the Average Income test. The Webinar will be presented by A. J. Johnson, a nationally recognized expert on affordable housing who has already provided compliance oversight on multiple properties using the AI set-aside.
Fair Housing Compliance in the Age of COVID-19
This training will provide property managers with guidelines and recommendations for handling COVID-19 fair housing issues. A brief overview of fair housing requirements will be followed by a discussion of how COVID-19 fears may lead to fair housing violations relating to ethnic minorities and the disabled. The relationship between the pandemic and reasonable accommodation requests will be covered, as well as the particular attention that must be paid to potential sexual harassment. Finally, the importance of consistent treatment of applicants and residents will be discussed.