Would anyone have any advice/resources on getting up to speed owning and managing tax credit/ affordable housing

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1 day 22 hours ago #644814 by Jessica Wagner
Would anyone have any advice/resources on getting up to speed owning and managing tax credit/ affordable housing. Wisconsin related. Thanks in advance!
1 day 22 hours ago #644814 by Jessica Wagner
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1 day 22 hours ago #644815 by Megan Goodmundson
Your best bet is to make a new best friend with the compliance officer at the state housing agency. Ask them for all the training opportunities they are aware of (subscribe to their email blasts). Ask who is the leading expert/ trainer in their state (for example in Minnesota juanita pekay is one of the leading experts/ trainer. In Virginia AJ Johnson is an expert. There is likely many virtual training sessions you can take part in.
There is a good amount of free material on youtube. I used to keep a playlist of basic and intermediate LIHTC videos on youtube but I havent checked yt and updated in several years as I no longer work in affordable housing.
1 day 22 hours ago #644815 by Megan Goodmundson
Jeff Lawson
1 day 22 hours ago #644816 by Jeff Lawson
That's a huge learning curve. While I was in DMV most states have training and you can also work towards a HCCP certification. That will teach you alot.
1 day 22 hours ago #644816 by Jeff Lawson
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1 day 22 hours ago #644817 by Megan Goodmundson
Also go to novoco dot com and search for LIHTC training they have an intro to lihtc booklet and tons more.
1 day 22 hours ago #644817 by Megan Goodmundson
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1 day 22 hours ago #644818 by Wendy DeSchoolmeester
Check the state agency website for a compliance manual. Novogradac is a huge resource for training and checking income/ rent limits. The Tax Credit Specialist course is the best one I've taken. Good explanation of the program and set up of a site's set asides along with file compliance. Follow your compliance department's checklist and don't let it overwhelm you. Good luck!
1 day 22 hours ago #644818 by Wendy DeSchoolmeester