Conquering LIHTC Compliance w/ Optional ACE and HCCP Exam (02/10-02/12)

CONQUERING LIHTC COMPLIANCE

Created by Amanda Lee Gross, VP of Compliance Policy, Conquering Low-Income Housing Tax Credit (LIHTC) Compliance is a three-day course designed to help affordable housing professionals confidently master the complexities of LIHTC project compliance.

WHAT YOU CAN EXPECT FROM THIS TRAINING

This interactive course takes a deep dive into the laws and regulations governing the Low-Income Housing Tax Credit program. Through detailed explanations, real-world scenarios, and practical exercises, participants will gain a solid understanding of how to maintain compliance and why it is vital for project success.

Monitoring overall project compliance is one of the most intricate aspects of LIHTC administration. Our trainer will break down challenging topics such as annual credit calculations, income and rent limit determinations, and compliance with minimum set-asides and deep targeting. The training also covers essential standards for household eligibility and critical reporting requirements to ensure ongoing adherence to IRS guidelines.

TOPICS INCLUDE

• Calculating earned income, unearned income, and income from assets
• Leasing requirements and student eligibility
• Managing project set-asides and eligible basis
• Determining rent limits and applying utility allowances
• Implementing best practices to stay in full compliance

LIHTC ACCREDITED COMPLIANCE EXPERT (ACE)

Participants will have the opportunity to take the US Housing Consultants’ LIHTC Accredited Compliance Expert (ACE) Exam. This certification recognizes affordable housing professionals who demonstrate an in-depth understanding of LIHTC compliance — including household eligibility, rent calculations, project development, and overall program requirements.

Professionals holding this designation have a demonstrable and thorough understanding of determining household eligibility, rent, how the project was developed, and much more for the Low-Income Housing Tax Credit program.

WHO SHOULD ATTEND

This training is ideal for anyone involved in the management, compliance, or oversight of LIHTC properties, including:

• Property Managers and Assistant Managers who are responsible for leasing, income verification, and day-to-day compliance.
• Compliance Specialists and Coordinators who oversee file reviews, reporting, and adherence to LIHTC regulations.
• Owners, Developers, and Asset Managers seeking a deeper understanding of compliance obligations and risk management.
• State Housing Finance Agency Staff who monitor LIHTC projects or provide compliance guidance.
• Investors and Syndicators who want to strengthen their knowledge of LIHTC operational requirements.
• Housing Consultants and Trainers looking to expand their technical expertise in affordable housing programs.

Whether you’re new to LIHTC or have years of experience, this training provides the knowledge and confidence needed to effectively navigate and manage LIHTC compliance.

TRAINING TIMES

The training will take place from 8:30 AM to 5:00 PM on February 10 and 11, and from 8:30 AM to 12:30 PM on February 12, 2026.

AGENDA

Part 1: Processing Applications & Certifications

1. Applications & Screening
2. Interviews
3. Occupancy Standards, Preferences & Restrictions
4. Household Size
5. Verification Requirements

Part 2: Student Eligibility

1. Definition of Full-time Student & the Student Calendar
2. Definition of Educational Organization
3. Student Exceptions
4. HFA Requirements & Interpretations
5. Monitoring Student Status

Part 3: Determining Income

1. Method of Determining Income
2. Overview of Income Inclusions
3. Overview of Income Exclusions
4. Review of Common Earned Income Sources
5. Review of Common Unearned Income Sources

Determining Asset Income

1. Introduction to Assets
2. Asset Inclusions & Exclusions
3. Disposed Assets
4. Personal Property
5. Review of Common Assets
6. Imputing Asset Income

Part 5: Leasing & Certification Requirements

1. Tenant Income Certification Form
2. Lease Requirements
3. Recertification Requirements

Part 6: Allocation Process

1. Introduction
2. Key Players
3. Application for Credits
4. Qualified Allocation Plan
5. Credit Reservation

Part 7: Development & Lease Up

1. Placing in Service
2. Carry-over Allocation
3. Set-Aside Elections
4. Income & Rent Limits
5. Calculating & Claiming Credits

Part 8: Ongoing Compliance Requirements

1. Available Unit Rule & Vacant Unit Rule
2. Unit Transfers
3. Record Retention
4. Compliance Monitoring
5. Non-Compliance

Part 9: Acquisition/Rehab

1. Allocation & Calculation of Acq/Rehab Credits
2. Claiming Acq/Rehab Credits
3. Certifying Existing Households
4. Federally Funded Projects - URA
5. Resyndication

Part 10: LIHTC Layered with Other Programs & Laws

1. LIHTC & Tax-Exempt Bonds
2. LIHTC & HOME Funds
3. LIHTC & Section 8
4. LIHTC & RD
5. LIHTC & Fair Housing/ADA

Note: Training will be conducted in accordance with HOTMA regulations. Some information may be supplied to attendees as supplemental. Training will be conducted based on the federal regulations and not state specific.

WHAT YOU WILL TAKEAWAY

• Instructor: Gary Kirkman, Director of Compliance Training

• Type of Instruction - In-Person Presentation

• Certificates of Attendance Provided within 7 business days after the training.

• Continuing Education Hours (CE Hours): 19 Hours, which can be applied to US Housing Consultants ACE Designations

• Reference Manual Provided: A Reference Manual will be provided at training.

US Housing Consultants does not give permission to record our training material and/or trainers.

This training is sponsored by Kansas Housing Resources Corporation.