Ensuring Section 42 Compliance on December 31

Location:

Recorded Webinar

Date & Time:

09/08/2022 - 1:00 pm (ET)
Recording available until 11/07/22

Session Length:

2 hours

Registration Fee:

$60.00

Details: This session is being conducted using our online training platform, AJJCSTraining.com.

Course description

Experienced LIHTC managers and compliance professionals all know the importance of the last day of the tax year (normally December 31). This session will focus on all the issues to be aware of as the year draws to a close, with recommendations on how to ensure compliance at year-end and the ramifications of noncompliance. The discussion will center on the three primary compliance areas impacting the ability to claim credits – eligibility, affordability, and habitability. The training will stress the importance of year-round compliance relative to rent, since excess rent at any point in the year can result in a credit loss. The session will close with a review of casualty loss issues and how these events may (or may not) impact the credits.

Created & taught by A. J. Johnson

This course was created by A. J. Johnson, a nationally recognized leader in affordable housing compliance. A. J. is also the instructor for this course. This means you are not only being taught by an expert, but you also have the opportunity to easily interact with him. This is the perfect opportunity to get solid, accurate answers to your questions.

Quick & easy access

Our training platform is built on the premise that it should be easy to use, and work for you. Our webinars are conducted via Zoom, but you do not need a Zoom account to participate. You will be provided with a Meeting ID and Password. Joining the webinar is as easy as clicking a button, no more searching for emails with links, all of the information you need is in one place.

Rewatch the training session

If you can't make it to the session at the scheduled time, or want to re-watch the session, you'll have access to the recorded version for 60 days after the session ends.

You'll still be able to get a certificate if you can't view the session live.

Receive your certificate immediately

You will be provided your certificate the same day you take the course, and no action is required on your part. After the training, you will be emailed instructions for downloading your certificate.

Get answers to your questions

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If you have any questions in the meantime, feel free to visit the Help Center to view our FAQs, tutorials, or to submit a support request. You may also send us an email at support@ajjcs.net.

On Demand Schedule

Course Information	Details
Dealing with Tenant Assets This two-hour course provides a detailed discussion of requirements related to the determination of asset value and income, and is applicable to all federal housing programs, including the low-income housing tax credit, tax-exempt bonds, Section 8, Section 515, HOME, and Public Housing. Multiple types of assets are covered, both in terms of what constitutes an asset and how they must be verified. The course concludes with a series of problems, designed to test the ability of the attendee to determine the value of an asset and calculate the income from that asset.
Compliance with Federal & State Fair Housing Requirements The course “Compliance with Federal and State Fair Housing Requirements” will equip attendees with the knowledge and understanding needed to avoid fair housing violations. The course curriculum is centered around the regulations in the two major fair housing laws, The Fair Housing Act (Title VIII of the Civil Rights Act of 1968) and Section 504 of the Rehabilitation Act of 1973. The course also includes a discussion of the additional state and local protected characteristics. In addition, relevant portions of the American with Disabilities Act (ADA) are covered. The purpose of the Fair Housing Act is to eliminate housing discrimination, promote economic opportunity, and achieve diverse, inclusive communities. Professional fair housing training assists in this mission by ensuring that housing professionals understand both the rights of the public relative to fair housing and the duties and responsibilities of real estate professionals.
The Average Income Minimum Set-Aside: Requirements & Best Practices The Average Income Minimum Set-Aside Test was added to the LIHTC program in March 2018. While it is being implemented successfully on many properties, there remains a good deal of industry-wide confusion about the use of the AI set-aside and the risks involved. This one-hour live webinar will review the requirements of the AI, discuss the risks of this set-aside, and provide best practice recommendations for implementation of the Average Income test. The Webinar will be presented by A. J. Johnson, a nationally recognized expert on affordable housing who has already provided compliance oversight on multiple properties using the AI set-aside.