Learn how to maintain eligibility through proper annual recertifications and constant vigilance concerning ongoing tenant eligibility and Fair Housing compliance. Housing Choice Voucher holders, non-citizens, and occupancy standards are also reviewed to provide a complete picture of household eligibility. TCS goes in-depth on the other significant Section 42 eligibility requirements including such topics as the minimum set-aside and applicable fraction measurements LIHTC income and rent limits utility allowances student eligibility and leases. TCS reviews the guidelines set forth in HUD Handbook 4350.3 REV-1 and includes numerous exercises and quizzes to reinforce learning and test proficiency in this critical area of property management. Learn about the most current regulatory updates affecting the LIHTC program, such as the Violence Against Women Act (VAWA) reauthorization.Ĭompliance with occupancy requirements begins with the correct identification and calculation of income and assets. Students will receive a thorough introduction to the Low-Income Housing Tax Credit program from background and history to a comprehensive review of a housing credit property’s life cycle, including the option of resyndication.

The TCS certification exam is also given online, and students have one week from the completion of the course to take the exam. Please note: TCS is delivered entirely online. If you are responsible for tax credit properties, whether you are a manager, compliance specialist, or other staff, TCS was designed to provide you with the best working knowledge of the tax credit program.

The program also covers HUD Handbook 4350.3 guidance that pertains to Low-Income Housing Tax Credit (LIHTC) properties.

TCS offers learners a thorough review of IRS regulations and guidance, including the IRS’s Guide for Completing Form 8823. Unlike programs offered by others, NCHM teaches, and it certifies! Don’t make the mistake of getting your training from one source and then having to take your certification exam from another! NCHM is setting the standard for training and certification in the Low-Income Housing Tax Credit (LIHTC) world with our Tax Credit Specialist (TCS) program. The most efficient way to become a Section 42 Low Income Housing Tax Credit professional

Experience certificate format tcs