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Novogradac Community Redevelopment Certificate (NCRC)

The Novogradac Community Redevelopment Certificate (NCRC) is an education program hosted by Novogradac that focuses on providing participants with a knowledge base in one of five community development tax incentives including the new markets tax credit (NMTC), the historic rehabilitation tax credit (HTC), the low-income housing tax credit (LIHTC), renewable energy tax creditd (RETCs) and the opportunity zones (OZ) incentive.

Obtaining the NCRC

Certificates are awarded for participating in 10 hours of Novogradac training for the respective tax incentive. These hours of Novogradac training may be satisfied via attendance at live webinars, workshops and conferences or via viewing recordings of these events.

Upon satisfying the hours requirement, participants will complete the simple NCRC Application and send it to [email protected].

Example Courses For the Various Incentives

Low-Income Housing Tax Credit (LIHTC)

  • LIHTC 101: The Basics Webinar or Recording (3 hours)
  • Private Activity Bond and 4 Percent LIHTC Overview Webinar or Recording (2 hours)
  • Developer-Syndicator Relationship Webinar or Recording (2.5 hours)
  • Financing LIHTC Properties Using Private Activity Bonds Webinar or Recording (2 hours)
  • 2020 HUD Rent and Income Limits and Your Tax Credit Property Webinar or Recording (2 hours)
  • LIHTC Acq/Rehab Overview Webinar or Recording (3 hours)
  • LIHTC Year 15 Webinar or Recording (2 hours)
  • Initial Lease Up and Maximizing First-Year Credits Webinar or Recording (3 hours)
  • Principles of LIHTC Eligible Basis Webinar or Recording (3 hours)
  • From Allocation to Form 8609 Webinar or Recording (3 hours)
  • Reviewing Audited Financial Statement of Lower-Tier LIHTC Partnerships Webinar or Recording (2 hours)
  • Reviewing LIHTC Lower-Tier Tax Returns for Non-CPAs Webinar or Recording (3 hours)
  • Average Income Set-Aside Webinar or Recording (2 hours)
  • The Future is RAD Webinar or Recording (2 hours)
  • Additional hours from LIHTC conferences or pre-conference workshops

New Markets Tax Credit (NMTC)

  • NMTC 101: The Basics Online Workshop or Recording (4 hours)
  • NMTC 201: Beyond Basics Workshop (4 hours)
  • NMTC Advanced Concepts Workshop (3 hours)
  • NMTC Application Webinar (3 hours)
  • 6 Keys to Securing New Markets Tax Credits for Your Business Webinar or Recording (2.5 hours)
  • NMTC Exit Strategies Webinar or Recording (2 hours)
  • Additional hours from NMTC conferences or pre-conference workshops

Historic Tax Credit (HTC)

  • Historic Rehabilitation Tax Credits 101: The Basics Webinar or Recording (3 hours)
  • HTC 101: The Basics Workshop or Recording (4 hours)
  • HTC 201: Beyond the Basics Workshop or Recording (4 hours)
  • Qualified Improvement Property Changes for Historic Rehabs or Recording (2 hours)
  • Developing HTC Projects Workshop or Recording (2 hours)
  • Historic Tax Credit Advocacy Workshop or Recording (2 hours)
  • Additional hours from HTC conferences or pre-conference workshops

Renewable Energy Tax Credits (RETCs)

  • RETC Industry Update Webinar or Recording (1.5 hours)
  • ITC Commencement of Construction Webinar or Recording (1.5 hours)
  • RETC Project Finance Primer (4 hours)
  • Additional hours from RETC conferences or pre-conference workshops

Opportunity Zones (OZs)

  • OZ 101: The Basics Workshop (4 hours)
  • OZ 201: Overcoming Obstacles Workshop (4 hours)
  • Opportunity Zones Final Regulations Webinar or Recording (3 hours)
  • Additional hours from opportunity zones conferences or pre-conference workshops

Federal Tax Incentives Overview

  • NMTC 101 (workshop or webinar or recording of either)
  • LIHTC 101 (workshop or webinar or recording of either)
  • HTC 101 (workshop or webinar or recording of either) or OZ 101 (workshop or webinar or recording of either)

NCRC Expiration

Currently, the NCRC does not expire.

Participation in the Open Access Fellowship

Novogradac is pleased to provide training hours required to achieve the NCRC free of charge to participants in the Open Access Fellowship, a program dedicated to increasing diverse representation in community development finance, with a focus on Black and Latinx communities. To learn more about and apply for the Open Access Fellowship, click here.