During the month of May 2023, A. J. Johnson will be partnering with the MidAtlantic Affordable Housing Management Association for three training sessions intended for real estate professionals, particularly those in the affordable multifamily housing field. The three sessions will be presented via live webinars. The following sessions will be presented:
May 9: Acquisition/Rehabilitation of LIHTC Properties – Critical Issues for Success – This 1.5-hour session focuses on the issues that are critical to the success of any LIHTC acquisition/rehab project. The training focuses on tenant qualification, unit qualification, and first-year credit delivery. There will be a full discussion of determining the first-year applicable fraction, differentiating between the acquisition credit and rehab credit, transferring households between units during rehab, temporary relocation, the timing of resident qualifications, the meaning of the “safe-harbor” rule, re-syndication and previously qualified households, and 8609 issues.
May 10: Critical Compliance Issues for LIHTC Properties – This full-day session takes compliance requirements up a notch from basic LIHTC compliance training. In addition to a comprehensive discussion of resident eligibility requirements (income and student status), the session will feature a review of how compliance failures affect a property’s tax credits. There will also be a review of the top physical violations reported to the IRS by State Agencies and an in-depth discussion of affordability requirements – including rents, utility allowance, and fees. The training will conclude with an outline of Section 42 rules relating to eligible basis – including the pitfalls relating to the use of common areas. The session is intended for LIHTC managers and compliance staff.
May 17: Interviewing Skills for Affordable Housing Managers – One of the most important skills any affordable housing manager can possess is the ability to interview applicants and residents and obtain the information required to determine eligibility – this is also one of the greatest weaknesses of most affordable housing managers. This training has been developed to address that weakness. This three-hour session focuses on the interview process and provides concepts and tools that will aid managers as they conduct their interviews. Techniques apply to all interview settings including initial eligibility interviews, interim certifications, and annual recertifications. The primary emphasis is on the initial eligibility interview since it is so critical to the housing process. The skills taught during this session will also assist managers in detecting fraud and in dealing with third parties when resolving discrepancies.
These sessions are part of the year-long collaboration between A. J. Johnson and MidAtlantic AHMA that is designed to provide affordable housing professionals with the knowledge needed to effectively manage the complex requirements of the various agencies overseeing these programs.
Persons interested in any (or all) of these training sessions may register by visiting either www.ajjcs.net or https://www.mid-atlanticahma.org.