"I am very
excited about this designation from Elizabeth Moreland Consulting, Inc. as I consider
their knowledge,
expertise, and training, to be far superior from any others in this
field. I am very happy about the low cost and ease with which this
designation can be obtained and maintained."
Cindy L. Latu, Resident
Manager, California Real Estate Mgmt., San Jose, CA
The Ultimate Compliance & Management Conference is Scheduled!!ACT FAST... MULTIPLE DISCOUNTS AVAILABLE!! |
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2008 Membership Renewals...
On December 31, 2007, your National Compliance Professional designation and membership into the NCP Membership Group expired!
Renew now and avoid
missing any of your membership benefits
PLUS... check out the 2008 Renewal Options as ONCE AGAIN they are
FANTASTIC!!
BREAKING NEWS:
Updated 03/13/08
HUD/DOJ Publish Modification Statement
Department of Justice and HUD have released a "Joint Statement on Reasonable Modifications Under the Fair Housing Act" which is a companion to the "Joint Statement on Reasonable Accommodations Under the Fair Housing Act" which was issued in May 2004. Click here to learn more.
Updated 02/14/08
2008 Income Limits Published
The 2008 income limits have been published with a February
13, 2008
To have Breaking News and
Industry Updates
emailed to you directly as they happen, join
the
Housing Credit
Industry Information Network!
emailed to you directly as they happen, join the
Housing Credit Industry Information Network!
Just check out some of the things you missed...
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President's Economic Stimulus Package Will Have Little Effect On Income Calculations & Eligibility: February 12, 2008. Elizabeth reveals how the stimulus package will affect income eligibility and the recertification process. |
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Don't Let Self-Employment Income Drive You Crazy: January 31, 2008. Elizabeth dissects one of the most frustrating income sources. |
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Four Simple Steps for Surviving Another Crazy Compliance Year: January 22, 2008. Elizabeth sets out a plan for keeping up with what is expected to be yet another crazy compliance year. |
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2008 Mileage Rates Published: January 15, 2008. The 2008 optional standard mileage rates were issued by the IRS. These mileage rates are used calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. They are also used on Section 8 properties when determining medical expense deductions (See Exhibit 5-3 of HUD Handbook 4350.3 Revision 1, Change 2). |
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REAC Inspection News: Starting January 15, 2008, all REAC inspections must be conducted according to the standards and practices outlined in the REAC Compilation Bulletin, Revision 1. A link to this document is available at: http://www.hud.gov/offices/reac/products/pass/pass_bulletin.cfm. |
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Student Rule Amended: January 9, 2008. On December 20th, H.R. 3648 also known as the Mortgage Forgiveness Debt Relief Act of 2007, was signed into law by President Bush. Besides eliminating the income tax due when mortgage debt is forgiven on a homeowner's principal mortgage, the law also amended a portion of the Housing Credit full-time student rule. |
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Disaster Areas Declared In California: November 7, 2008. President Bush declared areas in Los Angeles, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, and Ventura counties in California major disaster areas. Subsequently, the California Tax Credit Allocation Committee (TCAC) published a memo on October 25th to remind Tax Credit property owners of the disaster relief procedures established by Revenue Procedure 2007-54. |
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2008 Social Security & Medicare Benefits Announced: November 6, 2007. The Social Security Administration has announced benefits will increase 2.3% in 2008. The standard Medicare Part B monthly premium will be $96.40 in 2008, an increase of $2.90 from the 2007 $93.50 premium. |
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Public Hearing On Utility Allowances Held: November 2, 2007. On October 9, the IRS held the public hearing on the proposed utility allowance regulations for the Tax Credit Program which were originally published on June 19. |
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Revenue Procedure 2007-54: August 13, 2007. The IRS has released Revenue Procedure 2007-54 giving temporary relief from the Section 42 requirements to Housing Credit properties located in areas declared by the President as major disasters on or after July 2, 2007. |
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Change 2 of HUD Handbook Released: August 1, 2007. The long awaited Change 2 of the HUD Handbook 4350.3 Revision 1 was released on July 16th with a June 29, 2007 effective date. A full Handbook can be obtained by going to HUDClips (www.hudclips.org) and then by clicking on the “what’s new!” link and then by clicking on the Occupancy Requirements of Subsidized Multifamily document located under the 7/18/07 date. This link also contains the HUD Transmittal that summarizes the changes. |
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Proposed Regulations Published: June 28, 2007. The IRS has published 2 proposed regulations concerning our industry... specifically amended utility allowance rules and qualified contract rules. |
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HOME Program Income & Rent Limits Published: April 12, 2007. The new rent and income limits for the HOME Program have been released and will become effective Saturday, April 28, 2007. The new limits can be found at HUD's website by clicking on the following link -- http://www.hud.gov/offices/cpd/affordablehousing/programs/home/. |
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2007 Income Limits Published: March 20, 2007. The 2007 income limits have been published with a March 20, 2007 effective date. |
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LEP Guidance Causes Industry Concern:
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Announcing Online Final 8823 Guide Course: February 19, 2007. Need to learn what the 8823 Guide says FAST? Check out Housing Credits 505: Final 8823 Guide... Review & Analysis and discover how the Final 8823 Guide will impact your compliance and management operations WITHOUT muddling through the book yourself! Includes a full version of the Final 8823 Guide as part of the course as well as a Course Guide. Visit 8823guide.com for details. |
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8823 Guide Released: January 17, 2007. Finally after 3 long years the final version of the 8823 Guide has been released! Visit 8823guide.com for details. |
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Social Security Announces Benefit Increase for 2007: November 1, 2006. The Social Security Administration has announced the 2007 benefit increase. To learn more, click here. |
Housing Credit Industry Information Network
Special Form for NCP Members**
**NCP
MEMBERS: Even if you've already signed up for the
Housing Credit Industry Information
Network,
be sure to fill out this special form just for members of the NCP Membership
Group
to ensure you get the Industry Updates sent to you FIRST and with the HIGHEST
PRIORITY!
As an
So, I wanted to let you know you that this year we will begin our Industry Information Network and begin sending you this information via email. And, as in previous years, this information will keep you abreast of what is happening in our industry as well as the latest at the NCP Membership Group, the Housing Credit College, its Online Training Center and Elizabeth Moreland Consulting, Inc.
Now, in the past, you may have given us permission to use your email address, but in order to include you in the Industry Information Network, we need you to give us your permission once again. Please understand that there is NO COST or OBLIGATION for this service. To confirm your desire to be included in the Industry Information Network and receive this information via email rather than fax or snail mail, simply fill out the form below:
Not an NCP? WHY
NOT???
Join
Hundreds of Your Peers Who Have Already Discovered Why IT PAYS TO BE NCP!
(all fields are required)
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Get Housing Credit Training At YOUR Convenience… Learning Exactly What YOU WANT… WHEN You Need It!
Finally, the ability to get trained on Housing Credit Compliance immediately… not when we come to town… but exactly when you need it! Perfect for new hires, great when taking on new Housing Credit challenges and most importantly accessible to YOU and YOUR STAFF any time any place!!
A full array of classes on
Housing Credit compliance & property management,
conveniently accessible via your
office or home computer and its Internet access, immediately available
24 hours a day, 7 days a week!
Click Here to visit the Housing Credit College
Online Training Center
Free Demo Course Available
2nd Annual NCP Conference a Smashing Success!
In January 2000, Elizabeth Moreland Consulting, Inc. introduced a new Housing Credit Designation to the industry called the National Compliance Professional (NCP). Created to allow industry professionals an opportunity to prove their dedication and knowledge in the compliance aspects of the Housing Credit Program, the designation includes a professional certification and a Membership Group.
Elizabeth Moreland, President of Elizabeth Moreland Consulting, Inc. and the Housing Credit College, felt an additional designation was needed despite the numerous other industry designations that are available. "It was time our industry and the people in the trenches had a designation and Membership Group that was affordable and actually assisted them in the monumental task of maintaining compliance," Moreland said.
Click here to learn more about the National Compliance Professional Membership Group & Its Benefits!
Message from Elizabeth
The Tax Credit Program is tough on its professionals!
Partly because it is still such a new housing program and partly because there are so many gray areas that result in numerous interpretations. But truthfully, the main reason it is so tough is the Program rules are just downright complex!! The pressure on Housing Credit professionals, especially property managers, on-site personnel and compliance specialists, is enormous. Everyone is scrutinizing your work! The chances for noncompliance lurk at every corner!! And the ramifications for noncompliance are expensive ... really, really expensive.
I don't mean to frighten you ... especially if this is your first exposure to the Tax Credit Program. The Program is great ... REALLY! But it can have a dark side too! Especially for those who enter it for the first time blind or without resources. If you are going to survive in this dog-eat-dog world of Tax Credit compliance, you need to have the best possible resources for information and a continuing funnel of information and ideas coming to you. You will also need to have a group of peers and industry experts you can rely on to be a voice of reason when difficult situations arise, and that truly understand the constraints and difficulties of managing a Tax Credit property!
That is the very reason the
National Compliance Professional designation
and the
NCP Membership Group were started!
One of the biggest complaints I hear from Tax Credit managers and compliance specialists is that they just don't have the information. If someone would just tell them that new rules are out or that there is an easier way of doing things ... THEY WOULD DO IT!! But that is one of the biggest problems with the Tax Credit Program. There is no regular funnel of information from the IRS and the State Agencies to the people in the trenches!
So how are you supposed to operate in the dark and yet, maintain compliance??
The really frustrating thing is you can't plead ignorance. Compliance tends to have a "guilty before innocent" attitude or an "Oh well, you should have know" feeling. Fortunately, I believe that attitude and feeling will eventually change, but you can't wait. You need protection today! You need information now! Information that you can count on that is given on a continual basis and that is given in a way that is useable!! The last thing you need is someone to send you raw Tax Code or the latest regulations written in infamous bureaucratic legalese! You need information that is concise, in plain English and then tells you how to implement in a realistic, management-based manner!
So where do you get this information ...
The National Compliance Professional designation
and its NCP Membership Group!!!
Find out what hundreds of Tax Credit Professionals already know... "It Pays to Be NCP™"! Its true! It really does pay to be NCP! And currently, over 500 Housing Credit professionals have already discovered this for themselves and joined the beneficial NCP Membership Group. From a continuous stream of information, news and insights to substantial discounts on trainings and products to incredible networking opportunities, one has to ask ...
Why isn't everyone NCP??
Elizabeth L. Moreland, NCP-Executive
Founder & Creator of National Compliance Professional Membership Group
Click here to learn more about the National Compliance Professional Membership Group & Its Benefits!
