The North Carolina Housing Finance Agency wants to make adhering to federal and state regulations as easy as possible, so you can focus on managing your properties. We support periodic training sessions to help you ensure that your properties and tenants are meeting the requirements necessary to keep receiving federal and state tax credits.
Low-Income Housing Tax Credit Program Compliance Training
Our asset management staff offers periodic training on maintaining compliance with Low-Income Housing Tax Credit regulations, as well as supportive services workshops throughout the year. Each six-hour training emphasizes specific state interpretations and uniform minimum procedures based on our experience and compliance requirements. We recommend that onsite and other compliance personnel attend this training at least once a year.
In addition, nationally recognized trainers offer multi-day seminars within the state. These seminars provide comprehensive information on compliance issues and the latest IRS rulings. Courses are separated for owners and managers with different experience and skill levels, and several offer tax credit designations.
We require that the management for each Housing Credit property include at least one supervisor who is certified as one of the following:
- Specialist in Housing Credit Management (SHCM)—National Affordable Housing Management Association (NAHMA)
- Housing Credit Certified Professional (HCCP)—National Association of Home Builders
- Certified Credit Compliance Professional (C3P)—Spectrum Seminars
- Tax Credit Compliance Specialist (TaCCS)—Quadel
- National Compliance Professional (NCP*)—Housing Credit College
- Tax Credit Specialist (TCS)—NCHM
* online classes and exams offered
Federal form 8609 will not be issued until you produce evidence of attending a Low-Income Housing Tax Credit compliance seminar sponsored by us or one of the above agencies.
Rental Production Program (RPP) Compliance Training
We provide periodic training on maintaining compliance with RPP requirements. Our six-hour training session emphasizes state interpretations of federal regulations and procedures that comply with the requirements of the loan documents. We recommend that onsite and other compliance personnel attend this training at least once a year.
There are also multi-day seminars offered by nationally recognized trainers within the state that complement our RPP compliance training. While these seminars are not substitutes for our sessions, they do provide comprehensive information on important tax credit compliance issues that may help you combine tax credits with RPP financing.
Section 8 Compliance Training
The following professional trainers offer classes on Section 8 Compliance.
- National Center for Housing Management
- National Affordable Housing Management Association (NAHMA)
Ready to get started? View our upcoming training schedule and register for training sessions.