The Chicago Regional Office
U.S. Department of Housing and Urban Development
is pleased to announce
Rental Housing Compliance
February 10-12, 2009
Presented by ICF International
Course Content and Schedule
This free 2.5 day workshop will focus on the ongoing compliance requirements for HOME rental properties. It focuses on HOME-assisted rental projects after the construction is complete and while the project is operating during the affordability period. It will highlight topics such as inspections, rents, income documentation, and sales during the affordability period. It will also highlight actions that can be taken to prevent and address troubled rental projects.
Who Should Attend
PJ and CHDO or other HOME-eligible nonprofit staff with at least one year of HOME rental housing experience or who have attended the HOME Certified Specialist class.
Training Location and Information
The training location is the Wyndham Chicago.
Sign-in for registered attendees will begin at 8:30AM on February 10th. The course will start promptly at 9:00AM all three days.
A limited number of sleeping rooms have been set aside at a rate of $157 per night. Please contact the hotel directly at 312.573.0300 and reference the Rental Housing Compliance room block to reserve
Questions about the training should be directed to the ICF Training Coordinator via email at JReidPloof@ICFI.com.
HOME RENTAL PROJECT C0MPLIANCE
8:00 – 9:00 Registration
9:00 – 9:20 Introductions and Course Overview
9:20 – 9:30 The Basics of a Sound Compliance System
* Key steps in an effective system
* Lessons learned about effective systems
9:30 – 11:30 Setting the Groundwork for Project Compliance
(15 minute break taken)
* HOME program basics
* Effective underwriting
11:30– 12:00 Asset and Property Management
* Managing the PJ’s rental housing portfolio
* Reviewing the owner’s property management plan
12:00 – 1:15 Lunch
1:15– 3:45 Maintaining Affordability (15 minute break taken)
* Annual income limits
* Documenting income
* HOME rents
* Fixed & floating units
* Actions in the event tenant income increases
3:45 – 4:30 Affordability Activity
9:00 – 9:15 Day 1 Review/Questions
9:15 – 10:15 Marketing and Tenant Relations
* Affirmative marketing
* Tenant selection and waiting lists
* Lease terms & enforcement
10:15 – 10:30 Break
10:30 – 12:00 Unit Quality and Inspections
* HOME property standards
* Capital needs & reserves for replacement
12:00 – 1:15 Lunch
1:15 – 1:45 Inspection Activity
1:45 – 3:30 Project Monitoring & Oversight (15 minute break taken)
* Periodic owner reports
* Red flags
* Addressing monitoring findings
3:30 – 4:30 Compliance: HOME & LIHTC
* Compliance with multiple funding sources
* Combining HOME & Tax credit monitoring requirements
* Coordinating state and local compliance reviews
9:00 – 9:15 Day 2 Review/Questions
9:15– 9:45 Changes in Ownership
* During the affordability period
* After the affordability period
9:45 – 11:30 Intervening in Troubled Projects (15 minute break taken)
* Approach to addressing troubled projects
* Intervention Options
* HOME waivers
11:30 - 12:00 Wrap Up & Evaluation
* Course evaluation
Read more »
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