Trainer: Debbie Piltch, Piltch Associates
This is an important workshop for anyone who manages a tax credit site or who is responsible for the calculation of gross income at move-in or recertification at a tax credit site.
The focus of this training will be on the LIHTC requirement to maximize anticipated income and what that means when you are calculating gross income. Emphasis will be placed on the importance of the 4350.3 REV-1, documentation, and making sure that there are no inconsistencies in your verifications. Significant time will be spent on how to read employment verifications, pay stubs, and work number verifications. Case studies will be used and participants will be required to calculate earned and unearned income.
Additional topics will include how you calculate an overpayment for Social Security, what do you do when someone declares they have no income, and child support.
Examples will be provided throughout the training on how calculating gross income for tax credit sites is different than calculating gross income for the purpose of a Section 8 rent calculation.
This workshop is a great “refresher” for a
seasoned LIHTC management staff as well as a NEAHMA recommended prep course for the SHCM exam.
Attendees must bring a calculator and a pencil.