New partnership gives leg-up to tax credit professionals.The National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than (NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) ) has teamed up with the Institute of Real Estate Management This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. (IREM IREM Institute of Real Estate Management (Chicago, Illinois) IREM Institute of Real Estate Managers IREM Integrated Research, Evaluation, and System Analysis Model IREM Infra-Red Emission Microscopy ) to greatly expand opportunities for tax credit professionals to earn NAHB's Housing Credit Certified Professional (HCCP HCCP Housing Credit Certified Professional HCCP Harvard Center for Cancer Prevention HCCP Hexachlorocyclopentadiene HCCP Healy Clean Coal Project HCCP Hazard Analysis and Critical Control Points HCCP Historical Car Club of Pennsylvania ) designation. The partnership will enable developers, property managers, asset managers, and others seeking to earn the premier designation in the Low-Income Housing Tax Credit The Low Income Housing Tax Credit (LIHTC; often pronounced "lye-tech") is a tax credit created under the Tax Reform Act of 1986 (TRA86) that gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income Americans. industry to take the exam through IREM. In addition, IREM plans to develop one or more courses to support the designation and to promote the HCCP among its membership. "We are delighted to partner with IREM, which is well-known and tremendously respected for their real estate management education programs," said Cara Wallo, Virginia Housing Development Authority, chair of the HCCP Board of Governors, which oversees the program for NAHB Added IREM president Robert Toothaker, "We at IREM champion those who aspire to professional excellence through education and certification. Coupling IREM's education expertise with the NAHB's highly regarded certification for LIHTC LIHTC Low-Income Housing Tax Credit (program) managers is an ideal combination." NAHB created the HCCP designation 1998 as a way to recognize the specialized skills and expertise needed to own and manage affordable housing developed under the auspices of the federal Low Income Housing Tax Credit Program. The tax credit housing industry, including regulatory agencies, now look to the HCCP designation as a benchmark representing the highest level of competency and knowledge as well as a commitment to the highest ethical standards. Affordable housing professionals, with a minimum of two years experience, can earn the HCCP designation by passing the HCCP exam, which covers development, management and compliance issues as well as Section 42 policy. They are also required to take 10 hours of housing tax credit education. Until now, the exam has been offered only through NAHB and a network of private trainers and distributors. The new agreement with IREM to be a distributor offers those seeking the designation a much wider network and greater access to the HCCP exam. |
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