LIVE WEBCAST
Danger After Stabilization! AHIC Risk Rating Indicators Matter Over the 15-Year LIHTC Compliance Period
Tuesday, February 24, 2026
2:00 to 3:30 pm Eastern
After project 'stabilization', significant risk continues for owners, operators and guarantors of multifamily projects funded with Low-Income Housing Tax Credits.
Most tax credit syndicators use AHIC's widely accepted guidelines for risk rating (grading) your projects. What is AHIC and why should you care? Would your project receive an 'A' or an 'F' grade? Are any of your tax credit projects on the investor's watch list? How can the AHIC guidelines be an important part of a good compliance "dashboard" to help drive management for a property? How can YOU affect the grade?
For answers to these questions and much more, join co-hosts and industry-recognized asset management and compliance experts Vinnie Viola of Birch Island Real Estate Consulting and Scott Michael Dunn of Costello Compliance for a 90-minute webcast that examines the ten (10) criteria that AHIC prescribes for LIHTC projects in Stabilized lifecycle phase. Attendees may participate in a series of on-screen interactive polls and submit questions for real-time discussion. Upon successfully completing the webcast, attendees will receive a certificate of completion for one-hour of continuing education credit.
Is This Webcast for Me?
This introductory training would benefit a range of multifamily stakeholders involved with stabilized tax credit projects.
- Tax credit developers and multifamily operators
- Project sponsors and general partners
- LIHTC asset managers and analysts
- Portfolio and fund managers
- Others that want to understand AHIC risk rating criteria
Contact Vinnie with any questions about this training or your registration at 617-905-6340 or vinnie@birchislandrec.com.
About the Presenters
Vinnie Viola is the Principal of Birch Island Real Estate Consulting. Formed in 2013, the practice consults with developers, operators, and investors of multifamily housing about the intricacies Low-Income Housing Tax Credit (LIHTC) program, maximizing real estate performance, and much more. Vinnie is passionate about asset management and coaching professionals at all levels. Over the past decade, he has hosted nearly 300 live webcasts and delivered customized private trainings on multifamily asset management practices and related topics.
Vinnie’s experience builds on work in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. He spent ten years in leadership roles at Boston Financial Investment Management and Boston Capital, which provided a solid foundation in real estate asset management and the LIHTC program. More recently, Vinnie served as Director of Asset Management at Madison Park Development Corporation. He earned a BA from the University of Massachusetts and an MPA from the University of Texas, Dallas; he also holds a certificate in real estate finance from Boston University’s Metropolitan College.
Scott Michael Dunn, is CEO and President of Costello Compliance and Director of Policy at Costello Companies. With nearly three decades of experience in all phases of affordable housing, Scott Michael enjoys both training others and designing systems to ensure regulatory compliance. He has overseen teams that monitored compliance with HUD, RD, tax credit, and HOME rules for federal, state, and private owner entities. He has a particular passion for the Low-Income Housing Tax Credit and has enjoyed working directly with over two-thirds of the state tax credit housing finance agencies to provide consulting, compliance monitoring, or training services.
After 11 years of growing the consulting firm Zeffert & Associates in St. Louis, Scott Michael returned to his roots in the upper Midwest to join the executive team of Costello Property Management (CPM) as their Director of Policy. In 2017, he was privileged to join the ownership team of the company he helped found 16 years prior, Costello Compliance. While continuing his responsibilities with CPM, he oversees, as CEO of Costello Compliance, a rapidly growing offering of unique and quality compliance services. In 2019, NAHB recognized Scott Michael as the national Housing Credit Certified Professional (HCCP) of the Year.
NOTE: AHIC is the Affordable Housing Investors Council, a non-profit organization whose members have invested billions in affordable rental housing in the United States by purchasing federal LIHTC over the past decades. This webcast has no affiliation with AHIC or its membership. Go to www.AHIC.org for more about this important group.