C3P is a certification course focusing on all aspects of marketing and management of projects involved with the Low Income Housing Tax Credit. The seminar includes case studies for HUD, Rural Development or conventional properties with a detailed discussion of IRS regulations, income limits and recapture issues. The seminar includes eligibility, rent calculations and restrictions, continuing compliance, and discussions of IRS final regulations on compliance monitoring.
An exam at the end of training will give attendees an opportunity to earn their nationally recognized C3P designation. Tax Credit compliance is essential to IRS Section 42 requirements and the monitoring of State Agencies Certification will demonstrate your knowledge and understanding of this complicated program.
The C3P test will be taken online after the class. The test would be assigned to the participant and they will have a 1 to 2 week time period to complete it.
DAY ONE - March 22, 2018
8:15 AM Registration: Coffee/Continental Breakfast
9:00 Introduction, Review of Materials, Discussion of “Brown Book”, Section 42
Glossary of Terms, Program Basics, Essential Compliance Checklist, the Four Sets of Rules
10:15 Coffee Break
10:30 Placed in Service, The Section 8 Requirement, Monitoring/Compliance, 9/92 IRS Final Monitoring Regs, Non-Compliance/8823 Form, Administrative & Tenant File Set-Up
NOON Lunch on Your Own
1:15 PM Eligible Basis – 9% and 4% Details, Recapture/Credit Period, Compliance period, Extended Use, Qualified Basis
2:30 Minimum Set-Aside, Initial Compliance, Other Set-Asides/HOME
4:00 Vacant Unit Rule, Income Limits, Calculating Income Limits
5:00 Day One Ends
DAY TWO - March 23, 2018
8:00 AM Coffee/Continental Breakfast
9:00 Definitions of Income, Assets Verification Requirements Overview
4350.3 Revision 1, Move-in Certification, Recertification
9:45 Coffee Break
10:00 Tenant Selection Criteria, Conflicts with Other Programs, Waiting Lists, Leasing Issues, Commercial Space
11:15 Medical Use, Staff Units, Students
11:45 Lunch on Your Own
1:00 PM Fair Housing/504 and Tax Credit Properties, Familial Status Issues, Elderly Housing, Transfers, Continuing Eligibility – 140% Rule
2:30 Rent Calculation, Utility Allowance, Subsidy/Overage, Budgeting, Summary
4:45 Seminar Completion
Steve Rosenblatt began his career in Affordable Housing 40 Years ago (1978-2017). He has had the opportunity to help develop and manage thousands of units of affordable housing in his home state of Maine and has consulted on thousands more across the US and its territories.
Steve has been offering trainings for USDA since 1986, Tax Credits since 1987 and Fair Housing 504 since 1989. In his career, he has trained over 100,000 people including developers, managers, accountants, investors and State and Federal Agency staff.
He has just premiered his latest class Bring It Together (B.I.T.). With so many Laws (FH, 504, ADA, Violence Against Women Act, State Landlord Tenant Act) and many different programs in today’s affordable marketplace: RD 515, HUD 4350.3 Programs – Section 8, 202, 236, 811 – HOME and Lowe income Housing Tax Credit (LIHTC)…How to know what laws, regulations and rules apply.
Spectrum Seminars Inc.
Spectrum Seminars offers informative and entertaining seminars, taught by Steve Rosenblatt. Seminars and consulting provide valuable information for property owners and managers, developers, syndicators, asset managers, accountants, private corporations, and government agencies.