Tax Credit Specialist Advanced (TCSA)

Advanced training for LIHTC professionals

Tax Credit Specialist Advanced (TCSA) is for the holder of a TCS certification who wants to join an elite group of experts on the administration of the Section 42 Low Income Housing Tax Credit program.

Tax Credit Specialist Advanced builds on and goes beyond the subject matter presented in our Tax Credit Specialist class by delving into the most complex of challenges and issues that can be faced every day. Delivered online in three three-hour sessions, TCSA enables a small group of professionals to share their experiences and their solutions to the most difficult cases, all moderated by one of NCHM’s top experts.

Session One encourages a deeper understanding of LIHTC compliance through a close analysis of key property obligations, IRS guidance and forms, and the multiple-building election, which has numerous implications for LIHTC site management.

Session Two focuses on the increasing demand for proficiency in “blended” – or layered – LIHTC compliance. The session includes a thorough review of tenant qualification under housing credit acquisition and rehabilitation, as well as basic blended compliance fundamentals for LIHTC layered with HUD Project-Based assistance, the HOME program, and/or Rural Development funding.

Session Three wraps up the course with a review of evaluation and planning for ongoing affordability after the initial 15-year compliance period, and a presentation of the most common noncompliance problems at housing credit properties and how they should be resolved.

Please note: The certification exam for this class is completed online. Students have one week following completion of the class to take the online exam.

What you’ll learn:

• Distinguishing between Section 42 requirements, State Agency specifics, owner discretion, and industry standards
• Analyzing IRS Forms 8609, 8823 and the Multiple-Building Election
• Properly managing Acquisition/Rehabilitations using LIHTC
• Learning the basic program mechanics for LIHTC blended with HUD P/B, HOME and/or RD
• Planning for post year-15 LIHTC compliance

How you’ll learn:

• While it can be complicated, we have made it as accessible as possible by making this course available in an online-only format. This will enable you to comfortably interact with your peers and the highest regarded instructors in the industry today.

Prequisite:

• TCS or equivalent