FIRST HOUSING UNIVERSITY

What you will Learn The Internal Revenue Code now provides a third minimum set-aside election for developers of Low Income Housing Tax Credit properties.  In addition to the 20-50 and 40-60 tests, this third set-aside option is called the Average Income Test.  In this course, you will learn how to interpret the Average Income Test (AIT), how the test affects the definition of a qualified low-income unit, the computation of the Applicable Fraction, and how to apply the Next Available Unit Rule. Audience Owners, managers, onsite staff, and any other individuals involved with the Low Income Housing Tax Credit program. Prerequisites None References Novogradac & Company LLP https://www.novoco.com/periodicals/articles/interpreting-average-income-test-part-1 AJ Johnson Consulting https://ajjcs.net/paper/main/2018/04/13/additional-guidance-on-the-income-average-test/ Read more

What you will Learn Students will learn how to properly fill out a Program Report by discovering the information that should be obtained in order to satisfactorily input the data. The student will be taught best practices for completing a Program Report while avoiding errors and discrepancies. Audience This course is designed specifically for properties that are monitored by Florida Housing. It is particularly recommended for property managers, leasing agents or anyone responsible for the monthly submission and/or completion of this report. Pre-requisites None   Read more

What you will Learn Students will learn how to properly fill out the Income Certification by discovering the information that should be obtained in order to satisfactorily input the data. Students will be taught best practices for completing an Income Certification and transferring that information to the Program Report while avoiding errors and discrepancies. Audience This course is designed specifically for properties that are monitored by Florida Housing. It is particularly recommended for property managers, leasing agents or anyone responsible for the monthly submission and/ or completion of this report. Prerequisites None       Read more

Take advantage of this great value today.  Unlimited access to ALL of our core compliance courses for a full month!   Read more

What you will learn Students will learn how to determine, verify, and calculate asset information obtained and necessary to qualify an applicant prior to residents moving into an affordable housing community.  Students are also taught best practices in order to simplify the qualification process.  Our course trainings make learning easy by using a detailed step-by-step process showing the student how to properly obtain the required information, complete forms, calculate asset income and determine household eligibility to ensure compliance with federal, and most state and local affordable housing programs. Audience This course is intended for any individual new to compliance within the Affordable Housing Industry. It is particularly recommended for property managers and leasing agents or anyone responsible for the daily operation of certifying applicants. It is also beneficial as a refresher course for seasoned property managers, leasing agents, compliance analysts, directors, regional managers and owners. Prerequisites Please note that to be able to take advantage of this offer, you must have previously taken the LIHTC training through First Housing University or you must be signed up for a future LIHTC training through First Housing University. Read more

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