Presented by PennDel AHMA and JAHMA
Do you remember receiving information in 2016 about the VAWA Final Rule? Do you know about the two pieces of legislation that would change many aspects of the LIHTC program including its name?
O/As of ALL property types including Tax Credits must follow the new rules:
- Distribution of forms HUD-5380 and HUD-5382 to each adult family member at specific times
- Development and implementation of a VAWA Emergency Transfer Plan no later than 6-14-17.
New Name change to the Affordable Housing Tax Credit program- plus other significant changes are now pending in both the Senate and the House of Representative which include:
- 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).
8:30 a.m.-9:00 a.m. Registration/Continental Breakfast
9:00 a.m.-12:00 p.m. Morning Session
Noon-1:00 p.m. Lunch (Provided)
1:00 p.m.-4:00 p.m. Afternoon Session
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.
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 to the seminar. Substitutions, but no refunds, can be made after that date.
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.