Tax Credit Training & SHCM Exam
Sponsored by JAHMA & PennDel AHMA
NJHA, Princeton, NJ
This is an excellent review course for the veteran, or an excellent certification course for the person seeking a national designation! The Specialist in Housing Credit Management (SHCM) has been developed by the National Affordable Housing Management Association, the American Association of Homes and Services for the Aging, and the National Apartment Association.
The 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 (LIHTC) program. The SHCM is designed by management professionals for management professionals to ensure they have attained the knowledge, experience and competence required to excel in the housing credit property management industry.
Our speaker is Deborah M. Gershen, CPM, Moderate Income Management Co., Vice President and Director of Management.
Registration is closed.
Fees and reasonable expenses for the course are an approved project expense.
Cancellation Policy: Registration fees will be refunded less a $50 processing charge if received in writing 10 business days prior to the seminar. Substitutions, but no refunds, can be made after that date.
As experienced affordable housing management professionals know, the LIHTC program is the primary production tool for creating new affordable housing properties across every state in the country, and it is also the most important tool for rehabilitating and preserving the nation’s existing stock of aging affordable housing. To maximize their careers, management professionals in the affordable housing industry must be able to demonstrate their experience and expertise in mastering the complex requirements of the LIHTC program. Earning your SHCM enables you to do just that.
This course covers all of the key LIHTC program regulations, placed in service, credit period, compliance period, unit eligibility and transfers, next available unit rule, rent skewing, maximum rent, utility rents, applicant eligibility, student households, income limits, income and assets, verification, initial-annual-interim certifications, file maintenance, set asides, minimum set asides, habitability and physical inspections, monitoring and reporting compliance, and recapture rules (among other topics).
The SHCM is designed BY management professionals FOR management professionals to ensure they have attained mastery in the knowledge, experience and competence required in order to excel in managing LIHTC-financed multifamily rental housing. Following the course, individuals may sit for the SHCM examination. Two years of relevant experience is required in order to use the SHCM certification. Those who do not have the two years of experience may complete all requirements and enter a “candidacy period” equal to the time remaining to meet that requirement.