From the Ground Up: The ABCs of Low-Income Housing Tax Credit Deals

Note: This session available in New York & Chicago ONLY

Description:

This one-day session addresses the nuances of affordable housing with Low-Income Housing Tax Credits (LIHTC).  This optional session will be offered in New York City and Chicago only as an add-on to our regular HUD Assisted Properties: Update and Tools

This training session includes an overall understanding of the Low Income Housing Tax Credit Program, including the flow of funds and motivation of stakeholders. Participants will understand the importance of accurate projections and how to avoid common pitfalls of structuring a deal. The format of this session brings together the training expertise and experience of the leaders and encourages discussion and sharing of knowledge and experiences of the participants.

Participants completing the course receive 8 CPE credits in Specialized Knowledge.

Meet the Trainers:
Stewart A. Grubman ||| Paul Collins

Brochure: Accounting Series (pdf)

Who Should Attend:

  • Certified Public Accountants (CPA’s) and other development team members from management companies, non-profit sponsors, general partners and accounting firms who wish to gain an understanding and avoid common pitfalls in deal structure.
  • Those concerned with understanding and gaining critical insight which will ensure compliance with the Partnership Agreement and LIHTC financial requirements.

Training Topics:

Legislative Promises

  • Legislative History
  • Allowable Basis and 10% Test
  • Cost Certification
  • 8609 Issuance
  • Determining Applicable Fraction and First Year Credit Percentage

Programmatic and Investor Partner Promises

  • Underwriting Projections
  • Preparation of Annual 8609A
  • Avoiding Common Pitfalls
  • Credit Adjusters
  • End of Compliance Period

Registered CPE Sponsor:NASBA Logosmall

PKF O’Connor Davies is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State Boards of Accountancy have final authroity in the acceptance of individual courses for CPE credit.  Concerns regarding registered sponsors may be addressed to National Registry of CPE Sponsors, 150 Fourth Ave. North, Suite 700, Nashville, TC 37219-2417. Website: www.nasba.org

Registration:
Early Bird Pricing: Deadline TBA
Read the Cancellation Policy

Dec
5
Tue
Audit – Chicago, IL – Full Series @ Crowne Plaza O'Hare
Dec 5 – Dec 6 all-day
Lack of specific guidance and limited information from Regulatory Agencies are the greatest challenges CPAs and Financial Managers face in completing annual audits of subsidized housing. Take advantage of this unique training opportunity specifically designed to give participants the knowledge and the tools to conduct fully compliant audits of HUD-Assisted and Low-Income Housing Tax Credit (LIHTC) Properties.Participants will benefit from the expertise and experience of the program sponsors, PKF O’Connor Davies LLP and Quadel Consulting & Training LLC. These companies are leaders in their respective fields with more than 25 years of experience in training auditors. Together, they offer participants a combination of proven training abilities, expertise in technical requirements and practical experience in conducting HUD-Assisted and LIHTC audits unmatched by any other organization conducting similar training.

Accounting Series Information

This two-day series is made of two separate sessions that can be taken together or individually depending on your needs.

Day 1: HUD Assisted Properties: Update and Tools – Click for Entire Course Description

Day 2: From the Ground Up: The ABCs of Low-Income Housing Tax Credit Deals – Click for Entire Course Description

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To see complete information for this training, including address and map to the location, click on “Read More.”