The Credential - December 2023

Missy Covington

Happy holidays, HCCPs!

It’s hard to believe I am writing my final chairman’s message. It feels like I just wrote the first one. This year has certainly seen a lot of changes to our program. This will continue into 2024 with the implementation of HOTMA and NSPIRE. Luckily, your HCCP Credential will continue to keep you informed on these changes and other important issues.

The December webinar will focus on the impact of HOTMA to the LIHTC program. Scott Michael Dunn will spend 1.5 hours with us sharing important insights on final HOTMA guidance. Don’t miss this opportunity.

Register for the Webinar

This issue of The Credential is packed full of great articles contributed by industry leaders. First up, is an article from A.J. Johnson on criminal screening. Did you know that the Department of Justice (DOJ) is prioritizing investigations into fair housing violations related to criminal screening? Read this article to learn more.

Earlier this year, Kelly Wakefield contributed part one of an article on IRS form 8609. This edition of The Credential includes part two. The 8609 is arguably the most important document in our program and can tell you a lot about your project. Kelly does a great job of identifying the elections and the impact they have on your property.

In addition to presenting a webinar on HOTMA, Scott Michael Dunn has contributed a great article with frequently asked questions (FAQ) and answers. It really breaks HOTMA issues down and is a must read.

Mandi Lewis with Zeffert also contributed a great article with tips for avoiding non-compliance; something at the heart of what we do every day.

Finally, just when you thought we were done talking about the Average Income Test (AIT), we’re not. Matt Rayburn with Indiana Housing and Community Development Authority has been a pioneer when it comes to housing finance agency polices for AIT. We appreciate his leadership and the flexibility in his approach. Matt has contributed an article on the two qualified groups of units for reporting compliance with AIT.

As with all the Credential articles, there is a lot of good information there. Happy reading!

I hope you enjoy this edition the HCCP Credential. As we move into the holiday season, I hope that you are able to spend time with those you love. I wish you much peace, happiness and joy.

Missy Covington
Chair, HCCP Board of Governors

Stories in this Edition

Criminal Screening in Multifamily Housing: Understanding the HUD Guidance
Tax Credit 101: IRS Form 8609 – Part 2
This Year’s “Hot” Topic: HOTMA – Part 2
Avoiding Housing Credit Non-Compliance: Properties Matter, Too!
Average Income Test: The Two Qualified Groups of Units
Meet Bette Newcomer, HCCP Distributor
Meet Wendy Quackenbush, HCCP Board of Governors
Meet Patricia Murphy, HCCP Designee Spotlight