Sponsored by PennDel AHMA and JAHMA
Tuesday, November 22 | 8:30 a.m.-4 p.m.
NJHA Conference & Event Center | 760 Alexander Road, Princeton, NJ 08543
There are several impending changes and some current regulations which affect the proper management of the LIHTC compliance. We will discuss in detail the Bill which has been cosponsored by Sen. Rob Portman, R-Ohio, Sens. Maria Cantwell, D-Wash., Orrin Hatch, R-Utah., and Ron Wyden, D-Ore. Known as S. 2962, the Affordable Housing Credit Improvement Act of 2016.
This discussion will include three possible changes:
• New Student Status Exceptions for certain federal programs
• New Definition of Recapture because of Causality Loss
• New Income Averaging would alter these two limits of 50% and 60% to allow some units at 80 percent, offset by those at lower levels, such that the overall property-wide average equals 60 percent. This is known as income averaging.
Speaker: Deborah Gershen Gennello, CPM, NAHP-e, VP of Property Management, Moderate Income Management Co., Inc, AMO
Ms. Gershen is a licensed real estate broker in the States of New Jersey & Delaware and holds numerous certifications in the area of real estate, including the CERTIFIED PROPERTY MANAGER designation from IREM, Certified Occupancy Specialist, Certified Housing Manager, Certified Financial Manager and Certified Manager of Maintenance. She has received the title of National Assisted Housing Professional, Executive Level from the National Affordable Housing Management Association (NAHMA).
This seminar will cover the following:
We will review the existing Memorandum authored by Ben Metcalf outlining Occupancy Protections for HUD-Assisted Households in Properties with Low-Income Housing Tax Credits. The memo provides guidance on tenancy protections for households when owners participate in both a HUD-assisted program (eg. Project-Based Section 8, Section 236, Section 202) and Low-Income Housing Tax Credits (LIHTC). Provides guidance on tenancy protections for households when owners participate in both a HUD-assisted program (eg. Project-Based Section 8, Section 236, Section 202) and Low-Income Housing Tax Credits (LIHTC).
Specialist in Housing Credit Management (SHCM™) certification has been developed by the National Affordable Housing Management Association (NAHMA) especially for management professionals involved with properties developed and operated under the Low Income Housing Tax Credit (Sec. 42) program.
For more information on the SHCM Designation, visit www.NAHMA.org.
The SHCM is offered in association with the National Apartment Association (NAA) and the American Association of Homes and Services for the Aging (AAHSA)
This seminar qualifies for 6 hours of Continuing Education Credits, for those people with the Specialist in Housing Credit Management (SHCM), designation who are in need of Continuing Education Credits