LIVE WEBCAST
Thursday, January 29, 2026
2:00 - 3:30 pm Eastern

​​​​​About This Training
While the limited partnership agreement is the legal contract for a LIHTC project, the tax credit financial model offers a roadmap of the investor's assumptions and expectations for how the asset should perform over time-- remember, time = money. The ability to navigate the model cover to cover is an essential skill for asset managers and other project stakeholders. If your your 2025 professional development goals includes financial model training, or you're new to the tax credit industry and would benefit from a guided tour of this investment tool, then this training is for you.

Join Vinnie Viola, Principal of Birch Island Real Estate Consulting, LLC, for an engaging and insightful 90-minute overview of the key assumptions and exhibits in a typical tax credit financial model. The training examines development sources and uses, depreciable and eligible basis, income and expense drivers and make-up of overall investment yield for a fictitious project known as Jackman Village Apartments, LP. The training examines how seemingly small variances from initial underwriting can adversely impact a LIHTC project's operations, expected investor benefits and capital contribution amount. 

​Training Objectives
​​​At the completion of training, attendees will be able to:
Identify key exhibits in a LIHTC financial model.
Understand sources of information used in the creation of tax credit and pro forma projections.
Describe key assumptions that drive tax benefits (credits and losses) and operating cash flow.
Understand the concepts /terms used to mitigate perceived/real risks for a typical LIHTC project.
Understand how seemingly small variances from underwriting can impact a project's long-term financial health and developer fee.
"Hit the ground running" when the deal closes.
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​Is This Training for Me?
​This training is designed for stakeholders of LIHTC projects that would benefit from a guided tour of how the many inputs and exhibits to a typical investment model drive key outputs, mainly tax benefits, cash flow and residual value. The webcast is ideal for:
Junior fund managers
LIHTC asset managers and analysts
Developers that want an asset manager's perspective on the financial model
Junior acquisition analysts
Agency staff that review LIHTC projections for financial feasibility
Project managers responsible for delivering a project "on time" and "on budget."
Third-party service providers that work in the LIHTC field (e.g., construction monitors and architects)
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NOTE: A basic understanding about the LIHTC program and real estate financial analysis is recommended.  ​​​

Please contact Vinnie at 617-905-6340 or vinnie@birchislandrec.com with any questions.​​​
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​About the Presenter
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.