Tax Credit Specialist Advanced (TCSA)

Course Overview

For TCS-certified professionals, the Tax Credit Specialist Advanced (TCSA) program offers the next level of expertise, focusing on mastering complex LIHTC challenges and strategic compliance. This advanced certification elevates your skills to an elite understanding of sophisticated Low-Income Housing Tax Credit operations.

Course Description

Elevate your LIHTC expertise with the Tax Credit Specialist Advanced (TCSA) designation, designed for TCS-certified professionals ready to master the most complex Section 42 challenges. The TCSA certification enables participants to delve into intricate compliance scenarios such as advanced financial calculations, strategic issues like Year 15 dispositions and acquisition/rehabilitation projects, and effective non-compliance resolution. 

Graduate to an “elite” level of understanding and professional recognition, which not only enhances career progression but also provides tangible benefits to employers by minimizing audit risks, closing costly compliance gaps, and ensuring the proficient management of sophisticated LIHTC operations.

Please Note: TCS, or equivalent, is a prerequisite for this course.

What you’ll learn:

• Navigating LIHTC Regulatory Resources: Learn to effectively locate, interpret, and apply guidance from all key regulatory resources governing the LIHTC program.
• Differentiating LIHTC Requirements: Gain the ability to clearly distinguish between mandatory IRS Section 42 requirements, specific State Agency directives, areas of owner discretion, and prevailing industry standards.
• IRS Forms & Elections Analysis: Conduct an in-depth analysis of critical IRS forms such as Form 8609 (Low-Income Housing Credit Allocation and Certification) and Form 8823 (Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition), and understand the implications and proper use of the Multiple-Building Election.
• Managing Acquisition/Rehabilitation Projects: Master the specific compliance and management strategies required for successful LIHTC acquisition/rehabilitation projects, addressing their unique challenges from inception to completion.
• Blended LIHTC Program Management: Learn to manage the basic program mechanics effectively when LIHTC is blended with other funding sources like HUD Project-Based assistance, HOME Investment Partnerships Program, and/or Rural Development programs.
• Post Year-15 LIHTC Planning: Develop strategic plans for maintaining compliance and managing LIHTC properties beyond the initial 15-year compliance period, considering various exit strategies, resyndication, and extended affordability requirements.
• Correcting LIHTC Non-Compliance: Learn to identify the most common non-compliance issues found in LIHTC properties and implement effective strategies for their correction, prevention, and reporting.
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Prequisite:

• TCS or equivalent

NCHM is the Gold Standard

NCHM’s TCSA 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 an advanced tax credit specialist. We also provide an eHotline to all who earn and maintain an 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 advanced tax credit certificate.

One Stop For Training and Certification

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

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