1200 G Street, N.W.

, Washington, DC 20005-6703

Low-Income Housing Tax Credit

and Mixed Finance Compliance
Training and Certification

Flatten Your
Tax Credit
Learning Curve
Learn the new 2011 method
for calculating income limits!

Winter/Spring 2011

Low-Income Housing Tax Credit and Mixed Finance

Compliance Training and Certification

Training the affordable housing industry www.Quadel.com

 Why You Can’t Afford to Miss
Our Tax Credit Training
1 We all know that noncompliance can cause a loss of tax credits.
Making the investment in training ensures that you and your staff have
the tools needed to make maintaining compliance less challenging.

2 More and more state monitoring agencies are requiring property

owners and managers to attend tax credit compliance training.
These agencies recognize that having well-trained staff helps protect

Did you know? credits and preserve the mission of providing affordable housing.

3 Our training can help. We provide comprehensive, clear training

presented by expert trainers. We train over 5,000 affordable
The IRS 8823 Audit Guide
housing professionals annually, and our knowledge has been
instructs state agencies not
built through over 30 years of experience in the industry. We’re
to submit a Form 8823 when committed to making a difference in affordable housing — and
an owner finds and corrects an providing quality training is just one way we show that commitment.
incidence of noncompliance
prior to receiving notice
from the state agency of
a monitoring review.
Quadel’s Tax Credit Training
This is another reason why
Regularly Scheduled Courses. Our courses are offered across the country.
it’s beneficial to have a good
• Tax Credit Compliance Systems (TaCCs)
system of Quality Control in • Managing LIHTC Compliance with CDBG & HOME Funds
place at your tax credit property. • Managing LIHTC Compliance in Section 8, 236, 202 & 811
PRAC Properties

Special Sessions. Bring our training directly to your organization,

Having well-trained , conveniently saving travel costs, and minimizing time out of the office.
Offerings include all of our regularly scheduled trainings, plus —

knowledgeable staff • Introduction to the LIHTC Program: Determining Eligible Basis

and the Cost Certification Process

on-site greatly improves • Summary of IRS Form 8823 Guide — Revised in 2009
• Managing LIHTC Compliance with the Public Housing Program

Go to www.quadel.com for more information on Special Sessions, or

all your Quality Control efforts. contact our training coordinator at 800.987.2581 or training@quadel.com to
schedule a Special Session.

Quadel offers a range of tax credit compliance services.

Please contact Annabelle at 800.987.2581 or lihtc@quadel.com,
or click www.quadel.com for more information on how to keep your
affordable housing tax credit investment compliant.
TaCCs Tax Credit Compliance Training and Certification
TaCCs Tax Credit
Compliance Training TaCCs AGENDA
and Certification IRS Audit Guide Material Included
You can’t afford to miss TaCCs training.
Too much is at stake to risk noncompliance.
Attend our TaCCs training and get the tools
D ay O n e D ay T wo
you and your staff need to maintain tax 8:30 AM 8:30 AM
credit compliance. Overview Unit Eligibility
Suitable for Occupancy,
• Learn the new 2011 method for LIHTC Introduction Open to General Public
What is a Tax Credit?
calculating income limits
Minimum Set-aside Maximum Allowable Rent
• Protect your investment Definition, Options & Calculations Definition, Calculation, Deep Rent Skew &
Housing Choice & Project Based Vouchers,
through compliance Applicable Fraction Rent Floor
Unit & Square Foot Fractions, Actual
• Obtain the latest IRS and Applicable Fraction, 2/3 Rule Utility Allowances
HUD guidance
First Year Leasing Objectives Charges in Addition to Rent
Optional Services, One-Time Fees
• Housing Recovery Act of 2008 Applicant Eligibility
update included Income Eligibility, Household Size Annual Recertification
140% Rule, Unit Eligibility, Changes in
Additional Eligibility Criteria
• Mixed Finance Compliance optional Full Time Students, Resident Managers,
Household Composition, Recertification
module includes Sections 3, 236, Schedule, Recertification Activities,
Housing Choice Voucher Holders
Recertification Waivers
202, 811 PRAC Properties, HOME Applications, Waiting Lists &
and CDBG Properties Resident Selection Plans Available Unit Rule
Definition, AUR at Deep Rent Skew
• Learn from expert trainers 12:30 PM Properties, One for All Approach,
Treatment of Ineligible Families
Lunch (on your own)
• Receive our acclaimed course Vacant Unit Rule
Annual Income
book, including sample forms Definition, Computation
Definition, Demonstrating
Reasonable Effort
• Practice using real-world Income Inclusions & Exclusions
Sporadic, Seasonal, Self-Employment & Unit Transfers
examples and case studies Within the Same Building,
Dependent Income; Absent & Confined
Family Members; Scholarships & To a Different Building
• Earn a nationally recognized Grants; Alimony & Child Support;
certification Lump-Sum Payments 12:30 PM
Assets Lunch (on your own)
Definition, Calculation, Cash Value, TaCCs Certification Exam
Imputed Income
Who Should Attend? 4:30 PM
Types of Assets
Anyone responsible for completing or Trusts, Annuities, Lump Sums, Training Concludes
Retirement Funds
overseeing the LIHTC compliance
process including — Assets Disposed of for Less than
Fair Market Value D ay T h r e e (optional)
• Site managers Verification Requirements
Mixed Finance Module 
Third-Party Verifications, Review of
• Regional property managers Documents, Self-Certification,
Verification Timing
• Asset managers
Initial Certification & Leasing
• Owners, developers, syndicators and Acquisition/Rehab Credits, Completing
investors wanting a clear understanding of the TIC, Leasing Requirements
requirements that tax credits add 5:00 PM
to property management Day One Concludes
• State & local agency staff
WWW.QUADEL.COM
LIHTC Tax Credit and Mixed Finance Compliance Training
Our compliance training for LIHTC properties with multiple subsidies
explains how to handle the challenge of conflicting program rules.
MIXED FINANCE Module AGENDA
D ay T h r e e (optional)
Managing LIHTC
Compliance with Section 8,
Section 236, Section 202
& 811 PRAC Properties
How do we handle existing HUD
residents living at a tax credit property?
When do Tenant Income Certifications
need to be completed at acquisition/
rehab properties?
How do we resolve conflicts between
HUD & IRS program rules? Where do
we go for guidance?
8:30 am
Program Descriptions & Introduction
Eligibility Requirements
Income Limits, Initial Certification,
Income Calculation & Verifications,
Student Eligibility, Waiting List
Requirements, Occupancy Standards,
Fair Housing & Section 504
Maximum Allowable Rent
Applicable Rules, Additional Charges
Ongoing Compliance
Recertifications, Transfers, Vacant Unit
Rule, Reporting Requirements
Decoupled 236 Projects
Refinancing Section 202
Direct Loans
Other Issues
Transfer of Ownership,
Management Reminders
12:30 pm
Lunch (on your own)
Managing LIHTC
Compliance with HOME
and CDBG Properties
How many units in each tax credit
building must be Low HOME units?
How many High HOME units? Has the
applicable fraction been maintained?
What are my HOME compliance
and monitoring requirements?
How do they coincide with the tax
credit requirements?
Where do I look to find my CDBG
regulatory requirements? How do I
apply them to the tax credit property?
1 : 3 0 pm
Program Descriptions & Introduction
Eligibility Requirements
Income Limits, 40% & 50% Rule, Income
Calculation & Verification, Student
Eligibility, Fair Housing & Section 504
LIHTC & HOME Program Differences
Maximum Allowable Rent, Housing
Choice Vouchers, Project Based
Vouchers, Project Based Section 8,
Utility Allowances, Rent Increases &
Decreases & Rent Floors
Leasing Requirements &
Ongoing Compliance
Re-certifications, Fixed & Floating Units,
Transfers, Reporting Requirements
HOME & Private Activity Bonds
CDBG Program: Eligibility & Income
Limits, Other Requirements
5 : 0 0 pm
Training Concludes
* The Public Housing Module is currently
S p e c i a l S e ss i o n *
Managing LIHTC Compliance
with the Public Housing Program
How can I ensure that I continue to
lease the correct number of Public
Housing units while maintaining tax
credit compliance?
Do tenants have to qualify for both the
Public Housing & the LIHTC program in
order to live at the property?
How do we handle income disallowances
and minimum rent?
How do occupancy standards affect
our property?
Agenda
(Half-day to full-day customized program
provided on request)
Program Descriptions & Introduction
Mapping a Mixed-Finance Property
Number & Placement of Units, Fixed or
Floating, Subsidy Layering Requirements
Eligibility Requirements
Family Size, Income Limits, Calculations
& Verifications, Students, Fair Housing
& Section 504, Occupancy Standards,
Waiting Lists & Screening
Maximum Allowable Rent
Rent Calculations, PHA Minimum Rent,
Flat Rents, Utility Allowances
Ongoing Compliance
Leasing, Recertifications, Physical
Inspections, Available Unit Rule,
Community Service Requirement
Private Activity Bonds
Minimum Set-Aside, Maximum Allowable
Rent, Available Unit Rule, Vacant Units,
Construction Financing
Overview of Using HOME & CDBG Funds
offered only as a special session on
request. For information on how to
schedule a Public Housing training,
contact our training coordinator at
800.987.2581 or training@quadel.com.
Scheduled 2011 LIHTC Workshops: Locations & Dates
All Dates Include Mixed Finance Option
DC Metro Area Philadelphia, PA Portland, OR
(Arlington, VA) May 10-12 June 14-16
February 15-17 Crowne Plaza Philadelphia West Sheraton Portland Airport Hotel
American Management 215.477.0200 503.281.2500
Association
571.481.2200 Greensboro, NC
June 7-9
New York, NY Sheraton Four Seasons
March 15-17 336.292.9161
American Management
Association
212.903.8060

T he tax credit class was extremely informative. The instructor

was knowledgeable and made it very easy to learn.
Alisia Chobra,
Brackenhoff Management Control

Workshop Options
OPTION a b c d e

TaCCs Workshop and Examination ✔ ✔

TaCCs Workshop Only (no exam) ✔ ✔

Mixed Finance:
Section 8, 236, 202 & 811 ✔ ✔ ✔
Home and CDBG Funding

Number of Days 3 2 2½ 1½ 1

Regular Registration $840 $615 $740 $525 $325

A late registration fee of $100 will be assessed for enrollments and payments received within
Late Registration
seven days of the workshop.

Select the column that includes your choice of workshops for online and written registrations.

TRAINING@QUADEL.COM
Three Easy Ways to Register
1 Register and pay online by visiting us on the web at
www.quadel.com (Click on: “Training”).

2 Fax this form and your payment information to 202.729.6211.

3 Mail this form along with your payment information to Quadel

at the address below.

IMPORTANT: Payment for this workshop must be received no later than seven days
prior to the start of the workshop. A $100 late fee is added to all payments
received in our office within seven days of the workshop. Additionally, balances
must be paid in full for admittance into the workshop.

R e g i st r at i o n F o r m
1 2 0 0 G Street, N.W.
2011 LIHTC Compliance Workshops
Washington , DC 20005-6703
A check payable to Quadel Consulting Corporation for $ ______________ phone : 800.987.2581
email: training@quadel.com
for ____________ registrations is enclosed. Please identify workshop
www.quadel.com
location, date and participants on your check.

Charge my Visa MasterCard AMEX

A mount $

C ard # E xp.

cardholder’s name ( please print )

cardholder’s billing address

cardholder’s S ignature

work shop location date

Please print name of each participant and designate the appropriate option:

name option

name option

name option

compan y

A ddress

C it y State Zip

phone Fax

Email ( Required)

yes, sign me up for quadel multifamily email newscasts special accommodations

regional propert y manager

management compan y

phone Fax

Confirmation of registration will be sent to the email address or fax number provided above. PHA’s should note that this training program does not apply
to the conventional Public Housing, Housing Choice Voucher and Moderate Rehabilitation programs.

1-800-987-2581