Lisa Goulet didn’t set out to become a housing manager. But her path led her to NCHM's Registered Housing Manager designation, and today she is a successful portfolio manager in San Diego. Click above to hear her story.
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By Jo Ikelheimer, MA, RHM, Director of LIHTC Compliance
Have you heard the latest? Two pieces of legislation were recently introduced that, among other things, would change the name of the Low-Income Housing Tax Credit (LIHTC) program to the Affordable Housing Tax Credit program. But other changes proposed by the legislation go beyond the cosmetic.
In the Senate, Maria Cantwell (D-OH) and Orrin Hatch (R-UT) are co-sponsors of the Affordable Housing Credit Improvement Act. That bill now has a partner bill before the House, co-sponsored by Representatives Pat Tiberi (R-OH) and Richard Neal (D-MA). The House bill is identical to the Senate bill except that it does not include the 50% phased-in tax credit cap increase proposed in the Senate bill.
Several provisions in the legislation would have a significant impact on the way we manage LIHTC (or AHTC) going forward, which I will outline below.
By Wendy Fitzhugh, Senior Affordable Housing Associate
If you've ever wondered what NCHM certification is worth, I’ve got a story for you.
Recently a very small non-profit affordable housing agency lost its property manager. The organization housed 100 formerly homeless individuals and each unit had either a project-based Section 8 voucher or a City Rental Assistance Voucher. On top of that, the buildings were financed with Low Income Housing Tax Credits and used other layers of funding as well. The position required someone with a comprehensive understanding of affordable housing.
The company found a candidate who seemed to fit the bill: she was intelligent and compassionate, and had worked in the affordable housing field for years. Most importantly, she was a Certified Occupancy Specialist and a Tax Credit Specialist.
Or so she said.