In this webinar, participants will learn how to properly document resident files for different types of tenant infractions. We will discuss a series of different infractions, the types of documentation needed and the proper language to use when documenting your resident files.
Amanda Lee Gross of E&A Team, Inc., will provide training directed toward on-site personnel including resident selection, recertification, and processing income, assets and expenses. The training will include 515 and .538 properties, VAWA, budgets, compliance inspections, MPR Program, and developing an AFMHP.
In 2018 a new tax credit minimum set aside was added, the Income Average Test. It is anticipated that many owners will take advantage of important advantages this set-aside will provide. How does this set-aside work? Does it really allow up to 80% income limits at a tax credit property? What are the benefits and potential pitfalls of the new option? How does the Available Unit Rule work with averaging?
With so many HUD properties recapitalizing with tax credits, managers are now faced with state agency compliance audits as well as Management and Occupancy Reviews by the PBCA. Gwen Volk will review the keys to a successful MOR and discuss the special issues that arise when your property is layered with tax credits.
The Certified Professional of Occupancy (CPO) course is a comprehensive program offered by the National Affordable Housing Management Association (NAHMA) for property management staff in affordable developments, including LIHTC. It is the only occupancy course that covers the HUD 4350.3 Handbook in its entirety, with specific handbook references cited in the margins of the course text.
There is more to owning or managing a HUD financed or subsidized property than knowing the 4350.3. This webinar highlights the key requirements of the "other" handbooks: HUD 4381.5 The Management Agent Handbook, 4350.1 Multifamily Asset Management and Project Servicing, 4370.2 Finance Operations and Accounting Procedures for Insured Properties, 4370.1 Reviewing Annual and Monthly Financial Reports.
What is a "self-audit" and when should you do one? And how do you correct non-compliance if you find it? This webinar will highlight the issues monitoring agencies zero in on - incomplete applications, delinquent recertifications, insufficient documentation, income calculation errors, contradictions within a verification, underestimating anticipated income, late verifications and missing or late signatures. Participants will have a chance to try out their auditing skills.
Explore recent fair housing trends focusing on the protected class of disability. The discussion will encompass medical marijuana and its impact on the multifamily industry, as well as recent legislation regarding emotional support animals. We will also host a Toy Drive benefiting The Salvation Army.
In today's complex, fast-paced work environment, it is more challenging than ever to stay ahead of the curve. Everyone is busy; it is easy to fall into a routine of doing what we have always done when trying to complete tasks quickly. In reality, this approach can be like running in place. It can also cause us to overlook opportunities that could help us work more efficiently, become better communicators and achieve better results.
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).
This roundtable discussion will allow the PennDel stakeholders - both members and leaders- to share ideas and gain insight into what education sessions, meeting topics, and events will best serve YOU our members.
first ever PennDel AHMA Happy Hour!
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
12:00 p.m.-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.
Having a top‐performing team means making sure that the members of the team area all in. This doesn’t mean that everyone is in agreement at all times, but it does mean everyone is committed to doing his/her part in order to achieve a common goal, even at times when their individual opinion may not match the direction of the organization or group.
Gwen Volk with INFOCUS will give an overview of the areas of difference when LIHTC, HOME, Section 8, Bond, and RD programs are blended plus a closer look at managing the differences in student eligibility rules, treatment of over-income households, and rent calculation.
The IRS 8823 Guide lists the 17 types of non-compliance that state agencies must report to the IRS. In this webinar Gwen Volk with INFOCUS will cover the common mistakes that lead to non-compliance, how to avoid them, how to repair them if they occur and the penalties that are incurred for each.