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    Fundamentals of Appraising Affordable Housing

    Register
    June 7, 2024 Indianapolis, IN
    Date
    June 7, 2024
    Location
    Indianapolis, IN
    Sponsor
    Hoosier State Chapter
    Instructor
    Lillian S. Letton, MAI, SRA
    Class Time
    7 hours
    Full Price
    $225.00
    AI Price
    $210.00
    Enroll by March 31!
    View Pricing Options
    Course Description
    NEW SEMINAR!
     
    This seminar will provide you with a basic understanding of appraising affordable housing. You’ll learn about the differences between an affordable multifamily property and a conventional market rent property and discover how regulatory forces rather than the market determines income and even expenses. You’ll gain a basic understanding of how Low-Income Housing Tax Credit (LIHTC) programs work and recognize how other affordable housing programs interact with LIHTC units. By working problems, you’ll see how traditional appraisal techniques and approaches must be modified.
     
     
    Who Should Enroll
    • General Appraisers
    • Underwriters
    • Loan Officers
     
    AI CE Points
    Attend:
    35
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AK CE 7 7 Classroom Classroom 10/04/2023 10/04/2026 19650
    AL CE 7 7 Classroom Classroom 11/09/2023 09/30/2024 C02878
    AR CE 7 7 Classroom Classroom 10/02/2023 10/02/2025 AI110
    AZ CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    CA CE 7 7 Classroom Classroom 10/11/2023 10/10/2027 23CP754601558
    CO CE 7 7 Classroom Classroom 10/19/2023 10/19/2026 2501
    CT CE 7 7 Classroom Classroom 10/11/2023 09/28/2026 AAL.001133
    DC CE 7 7 Classroom Classroom 10/18/2023 02/28/2026
    DE CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    FL CE 7 7 Classroom Classroom 10/31/2023 10/30/2025 0010682
    GA CE 7 7 Classroom Classroom 09/29/2023 09/28/2026
    HI CE 7 7 Classroom Classroom 11/07/2023 12/31/2024 23-509
    IA CE 7 7 Classroom Classroom 10/02/2023 09/28/2026 A518-2155
    ID CE 7 7 Classroom Classroom 10/12/2023 09/28/2026
    IL CE 7 7 Classroom Classroom 11/08/2023 12/31/2024 575.010686
    IN CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    KS CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 491.C24.R
    KY CE 7 7 Classroom Classroom 10/30/2023 06/30/2024
    LA CE 7 7 Classroom Classroom 10/10/2023 09/29/2026
    MA CE 7 7 Classroom Classroom 10/10/2023 09/28/2026 120167
    MD CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    ME CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    MI CE 7 7 Classroom Classroom 12/12/2023 12/12/2026 20 - 1125446
    MN CE 7 7 Classroom Classroom 10/23/2023 10/31/2025 1036073
    MO CE 7 7 Classroom Classroom 10/10/2023 09/28/2026
    MS CE 7 7 Classroom Classroom 10/25/2023 10/25/2025 MAB #50535
    MT CE 7 7 Classroom Classroom 10/05/2023 09/28/2026 REA-CEC-REC- 17033
    NC CE 7 7 Classroom Classroom 02/09/2024 12/31/2024 4622
    ND CE 7 7 Classroom Classroom 10/13/2023 09/28/2026 CE-223088
    NE CE 7 7 Classroom Classroom 02/14/2024 02/14/2029 223140N.02
    NH CE 7 7 Classroom Classroom 12/28/2023 09/28/2026
    NJ CE 7 7 Classroom Classroom 10/26/2023 09/28/2026 2023-3439
    NM CE 7 7 Classroom Classroom 10/10/2023 09/28/2026 4340
    NV CE 7 7 Classroom Classroom 10/06/2023 10/31/2024 CE.0009807-A
    NY CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 A5693-07
    OH CE 7 7 Classroom Classroom 01/01/2024 12/31/2024 084404710A 23
    OK CE 7 7 Classroom Classroom 10/10/2023 09/28/2026 810
    OR CE 7 7 Classroom Classroom 10/12/2023 09/28/2026 APIN-C-1023-9005
    PA CE 7 7 Classroom Classroom 10/04/2023 09/28/2026
    PR CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    RI CE 7 7 Classroom Classroom 10/04/2023 09/28/2026 REA.0002096-CE
    SC CE 7 7 Classroom Classroom 01/25/2024 08/31/2024 CE2167
    SD CE 7 7 Classroom Classroom 01/30/2024 09/28/2026
    TN CE 7 7 Classroom Classroom 10/06/2023 10/04/2024
    TX CE 7 7 Classroom Classroom 10/16/2023 09/28/2025 TX Provider #10 Course #: 47664
    UT CE 7 7 Classroom Classroom 10/05/2023 10/31/2025 AC231010
    VA CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    VT CE 7 7 Classroom Classroom 10/02/2023 10/02/2027
    WA CE 7 7 Classroom Classroom 10/13/2023 09/28/2026 A23028694
    WI CE 7 7 Classroom Classroom 09/28/2023 09/28/2026 85796
    WV CE 7 7 Classroom Classroom 10/04/2023 09/28/2026
    WY CE 7 7 Classroom Classroom 10/03/2023 09/28/2026
    Course Objectives
    • Gain an understanding of the principal difference between affordable and market rent properties.
    • Understand the basic constructs of affordable housing programs and how regulatory rather than market forces drive income levels.
    • Learn how to complete meaningful rental analysis.
    • Understand what expenses may be affected by the operation of an affordable housing property.
    • Learn to adjust the Income, Sales Comparison, and Cost Approaches to better address the income characteristics of affordable housing.
    Course Details

    Program Overview:
    Table of Contents and Overview
    Seminar Schedule

    Equipment:

    • A laptop computer is required for classroom participation; a personal computer or laptop computer is required for synchronous participation. 
    • For synchronous, offerings, it is highly recommended that you have two screens.
    • A spreadsheet program is required (participants may use other spreadsheet programs, but those programs won’t be supported in class; demonstrations will be done in Excel).

    Additional Information:

    Course Material:
    • Seminar Handbook (172 pp.) 
    • Pre-Class Downloads (387 KB)
     

    Requirements:
    None specified

    Prerequisites
    None
    Course Materials & Recommended Books
    None specified
    Pricing Options
    Rate Full Price AI Price
    Early-Bird
    Today thru 03/31/2024
    $225.00 $210.00
    Additional Course Offerings
    Sponsor Date Location Format
    Metropolitan New York Chapter March 19, 2024 Synchronous View Details Register
    Tennessee Chapter March 21, 2024 Synchronous View Details Register
    Alabama-Mississippi Chapter April 9, 2024 Synchronous View Details Register
    Connecticut Chapter April 16, 2024 Synchronous View Details Register
    South Florida Chapter April 18, 2024 Synchronous View Details Register
    Northeast Florida Chapter April 18, 2024 Synchronous View Details Register
    Florida Gulf Coast Chapter April 18, 2024 Synchronous View Details Register
    East Florida Chapter April 18, 2024 Synchronous View Details Register
    Massachusetts Rhode Island and Maine Chapter June 4, 2024 Synchronous View Details Register
    Atlanta Area Chapter September 19, 2024 Synchronous View Details Register
    Event Information

    CLASS LOCATION: 9247 N. Meridian Street, Indianapolis, IN 46260. Classroom is on the third floor of the building. 

    ATTENDANCE:
     Please note registration runs from 8:00AM to 8:30AM with instruction starting PROMPTLY at 8:30AM. Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.

    HOTELS:
     To take advantage of special rates that the Hoosier State Chapter of the Appraisal Institute has negotiated, please mention you are with the Appraisal Institute when booking any of the following accommodations: 

     

    1)    HILTON HOMEWOOD SUITES 2501 East 86th Street Indianapolis, IN 46240 1-800-225-5466 317-253-1919 Call Sales Department for negotiated price of $112 - includes a large 1 bedroom suites with a separate kitchen and living room, fully renovated in 2016. All stays include a complimentary full hot breakfast, evening social M-TH, high speed internet, a workout facility & transportation to the classroom. To register online, cut and paste the following into your web browser: http://homewoodsuites.hilton.com/en/hw/reservations/index.jhtml?hotel=INDKCHW&corporateCode=560004829 

     

    2) HOLIDAY INN 251 E. Pennsylvania Parkway Indianapolis, IN 46280 317-574-4600 

     

    3) HYATT PLACE 9104 Keystone Crossing Indianapolis, IN 46240 1-888-492-8847 317-843-0064 

     

    4) MARRIOTT SPRINGHILL SUITES 11855 North Meridian Street Carmel, IN 46032 317-846-1800 

     

    5) COMFORT INN & SUITES 9090 Wesleyan Road Indianapolis, IN 46268 1-800-414-6423 or 317-875-7676 



    ATTENDANCE: Following Appraiser Qualifications Board minimum criteria requirements, 100% ATTENDANCE IS REQUIRED FOR ALL APPRAISAL INSTITUTE EDUCATION PROGRAMS. Students should not be late or leave early. Those missing class times may not receive credit.