This one-week workshop goes beyond the day-to-day compliance needs of property management and covers the variety of responsibilities the General Partner has for maintaining compliance through the life of the property. These responsibilities include fulfilling program obligations to the IRS and the State Tax Credit Allocation agency, managing resident selection, income certification and rent limits and understanding the Partnership Agreement and the financial and reporting needs of the Limited Partner. Starting with an overview of how the Low-Income Housing Tax Credit (LIHTC) program works, this class provides participants an opportunity to discuss what happens after the credits are awarded.
This one-week workshop includes self-paced online assignments and the use of peer discussion forums. The course is presented in one week, Monday to Friday. Live online session(s) are held during the week with the faculty and participants. Participants should expect to spend approximately six hours on course related reading and assignments.