Author: joloughlin

To get started in this industry, you must first learn the site compliance rules. The quickest and easiest way to master these rules is with the Site Course Package Plan! This package of courses will walk you through everything you need to know to handle day-to-day compliance and management responsibilities. This package includes… Fair Housing […]

If you have been working in the Tax Credit industry for a while, it may be time to add to your existing knowledge. OR If you are returning to the industry after an absence, you are going to have to figure out what you’ve missed. The problem is WHERE DO YOU START? The quickest and […]

All of our Housing Credit  Training Center courses are approved for continuing education by the State Monitoring Agencies across the nation as well as for all the major industry designations including… Our NCP & NCP-E The Home Builder’s HCCP Spectrum Seminar’s C3P NAHMA’s SHCM, NCHM’s TCCs, and Quadel’s TaCCs Our Course Catalog includes… Fair Housing […]

The Unlimited Training Subscription to our Housing Credit Training Center is a revolutionary training system that puts an end to the frustrations of providing compliance training to your staff that is meaningful, relevant, convenient and most of all… EFFECTIVE! CLICK HERE for your FREE Report                       […]

Updated 4/6/2016… Released 3/28/2016 2016 Income Limits Released HUD released the 2016 Income Limits with an effective date of March 28, 2016. Some confusion exists due to the omission of the Determination of Maximum Income Limit charts for each area. CLICK HERE to learn how to properly implement the limits on your property.

Updated 3/8/2016 HUD Provides Rule Easing Regulatory Requirements On March 8, HUD posted the final rule easing numerous Program regulatory requirements. The rule is intended to streamline requirements and provide flexibility for agencies that administer HUD’s rental assistance programs and include such things as tenant rental payments, rent determination processes, verification of Social Security numbers […]

Updated 3/8/2016 IRS Amends Final Utility Allowance Regulations On March 3, the IRS also published final and temporary regulations that amend the existing Tax Credit utility allowance rules. These amended rules mainly focus on utility allowance submetering and energy acquired directly from a renewable source but also make some changes to the general rules.

Updated 2/29/2016 IRS Issues New Compliance Monitoring Rules On February 25, the IRS amended the Tax Credit compliance monitoring regulations clarifying the requirements for conducting physical inspections and file reviews performed by State Monitoring Agencies while concurrently, issuing Revenue Procedure 2016-15 which updates Treasury Regulations §1.42-5 and more specifically details how the amended rules must […]

Updated 2/23/2016 New REAC Notice Regarding Bedbugs Last month, HUD issued Inspection Notice 2016-01 amending the inspection protocol previously mandating that UPCS inspectors not enter units that have been reported to have bed bugs. This protocol has changed after it was concluded that the likelihood of bed bug transfer to an inspector from an infested […]

Updated 2/2/2016 2016 Poverty Guidelines Published On January 25, the Department of Health and Human Services (HHS) published the 2016 poverty guidelines in the Federal Register (81 FR 4036) for the 48 contiguous states, the District of Columbia, Alaska and Hawaii. These figures are used by HUD to determine the Extremely Low-Income (ELI) limits which are […]

Updated 1/26/2016 HUD Passbook Rate Remains Unchanged for 2016 As per HUD Notice 2016-01, issued on January 19, 2016, the 2016 passbook rate to be used for all move-in, initial, annual, and interim recertification when imputing a households asset income remains 0.06%. CLICK HERE to access the notice.

Updated 1/19/2016 9% Credit Percentage Made Permanent On December 18th, the House & Senate announced their tax extenders and omnibus spending bills which included a permanent minimum 9% applicable credit percentage for non-subsidized properties. Unfortunately this did not include a permanent 4% minimum.

Updated 1/19/2016 BAH Military Housing Allowance Made Permanent The BAH military housing allowance was permanently made exempt from Housing Credit income qualification determinations for personnel stationed at or near qualified military bases.

2016 NCP Conference Agenda Released… 10/5 & 6/2016… Destin, FL The ultimate compliance & management conference agenda for 2016 now available! As with all of our NCP Conferences, this year’s agenda is once again jam-packed with incredible sessions and open discussion groups… all of which are fantastic brainstorming opportunities which will give you hundreds of […]

Still Time to Renew… If you are a member of the NCP Membership Group… whether as an NCP-Candidate, NCP, or NCP-Executive… your membership expired on December 31, 2015 unless you submitted your renewal. If you haven’t taken care of it yet, don’t worry… there is still time! Trust me, I completely understand that year-end and […]