McKonly & Asbury's Spring Affordable Housing Seminar has been set for May 4, 2011. A. J. Johnson from A. J. Johnson Consulting Services, Inc. will be here for a full day of training on Low-Income Housing Tax Credit compliance. You may remember A. J. if you attended our Fall 2010 seminar and we are pleased to welcome him back due to popular demand!

Thanks to your feedback, we are pleased to announce that A. J. will be presenting on the following topics.

Income Verification and Calculation

Concentrated instruction will be provided on the required methodology for calculating and verifying income. A comprehensive discussion of employment income is a major part of the training, along with military pay, pensions/social security, self-employment income and child support. A basic discussion of asset verification and calculation is included.

Management of Low-Income Housing Tax Credit Projects

This part of the training will cover all aspects of the credit relating to on-site management, including the application process, rental calculation, income and eligibility verification requirements, requirements relating to tenant assets, and a full discussion of student issues.  Instruction will also be provided relating to minimum set-aside issues, optional fees and use of common areas.  The Available Unit Rule will be covered along with the requirements for units occupied by students.

This seminar will be held at the Radisson Hotel Harrisburg Hershey located at 1150 Camp Hill Bypass, Camp Hill, PA and will take place from 8:00am – 4:30pm. CPE credits are available and the cost to attend is $195/person, which includes lunch.

Register now at affordablehousing@macpas.com or call (717)761-7910 and ask for Diane Clapper.