Tax Credit Specialist (TCS)

Course Overview

NCHM’s Tax Credit Specialist (TCS) program offers essential training for professionals, new and seasoned, seeking a comprehensive understanding of the Low-Income Housing Tax Credit (LIHTC) program. TCS offers learners a thorough review of IRS regulations and guidance, including the IRS’s Guide for Completing Form 8823. The program also covers HUD Handbook 4350.3 guidance that pertains to Low-Income Housing Tax Credit (LIHTC) properties.

Course Description

The Low-Income Housing Tax Credit (LIHTC) program, governed by Section 42 of the IRS Code, is a primary driver for the development and preservation of affordable rental housing. NCHM’s Tax Credit Specialist (TCS) certification provides in-depth training on all aspects of this complex program, from project inception through long-term compliance. 

This comprehensive training covers critical LIHTC regulations, including tenant eligibility, income and rent restrictions, ongoing monitoring, and IRS reporting requirements. Participants will learn how to navigate the nuances of federal rules and state Qualified Allocation Plans (QAPs), ensuring their properties remain in compliance and avoid costly recapture issues.

The TCS tax credit specialist certification is designed for a wide range of professionals, whether you are a manager, compliance specialist, or other staff, TCS was designed to provide you with the best working knowledge of the tax credit program.

What you’ll learn:

• LIHTC Program Fundamentals: Gain a thorough understanding of the Low-Income Housing Tax Credit (LIHTC) program, its structure, and the regulations outlined in IRS Section 42.
• Federal Regulations & State QAPs: Learn to navigate federal LIHTC rules and understand the role and impact of state-specific Qualified Allocation Plans (QAPs).
• Calculating Tax Credits & Development Aspects: Understand key development concepts such as eligible basis, applicable fraction, and how tax credits are calculated and claimed.
• Tenant Eligibility Criteria: Master the detailed requirements for determining tenant eligibility, including income limits, student status rules, and other qualifying criteria.
• Rent Restrictions & Utility Allowances: Learn how to correctly calculate and apply LIHTC rent restrictions and properly manage utility allowances.
• Ongoing Compliance & Monitoring: Understand the requirements for continuous compliance, including record-keeping, annual reporting, and state agency monitoring.
• IRS Forms & Reporting: Become proficient in completing and understanding key IRS forms relevant to the LIHTC program, such as Forms 8609 and 8823.
• Recapture Risks & Prevention: Learn about the risks of tax credit recapture and the critical measures needed to prevent it.
• Specific LIHTC Rules: Gain clarity on important LIHTC rules like the Available Unit Rule, Vacant Unit Rule, and transfer provisions.
• Preparing for Audits: Understand what to expect during LIHTC compliance audits and how to prepare your property and documentation.

Why NCHM?

NCHM is the Gold Standard

NCHM’s TCS program is the gold standard, ensuring participants receive dedicated attention, gain a comprehensive understanding of complex LIHTC regulations, and develop the confidence needed to excel as a tax credit specialist. We also provide an eHotline to all with an active NCHM certification, allowing for quick answers to any questions on the job.

Only Organization Created by the US Government to Provide Affordable Housing Training

As the sole organization initially established by the U.S. government specifically for affordable housing training, NCHM brings an unparalleled depth of knowledge and authority to its certification programs, including the prestigious tax credit certificate.

One Stop For Training and Certification

NCHM provides everything needed for Tax Credit Specialist (TCS) certification—registration, comprehensive training, and testing—in one convenient spot, simplifying the process for individuals and employers.

The TCS course is delivered over four half-days (1 PM-5 PM Eastern each day). Complete the online exam within a week post-class and receive your results promptly.

Unique to NCHM, TCS classes feature both an instructor and a teaching assistant, allowing you to get questions answered instantly via message without interrupting the class flow. This structure promotes rapid and effective learning from the experts at NCHM.

Upcoming Courses