VALUE-ADDED LIVE WEBCAST
Thursday, February 26, 2026
2:00 – 3:30 p.m. EST
 
ABOUT THIS TRAINING
Well-informed owners of Project-Based Section 8 HAP projects (Projects) understand that an integral component of a value-added reposition includes maximizing HAP contract rental subsidy to ensure the long-term financial success and preservation of their assets.  Join Vinnie Viola and special guests Janine Betsey, Director of Tax Credit Development at Gene B. Glick Company (Glick), and Mark Burch, Contract Renewal Manager at Quadel, for a 90-minute webcast featuring case studies of successfully repositioned Projects and much more. If your 2026 business plan includes planning for or executing the reposition of a Project with PBS8 rents currently below market comparables, this training is for you.
 
CORE LEARING OBJECTIVES
The training is designed to provide a roadmap for owners and developers to:
 
Leverage HUD Options: Understand the nuances between Option 1-A (Entitlement) and Option 1-B (Discretionary) contract renewals.
Increase Debt Proceeds: Learn how higher rental subsidies can support larger loans, providing the capital needed for major renovations.
Optimize LIHTC Equity: Discover how higher rents influence LIHTC underwriting, leading to better equity pricing and a more robust construction budget.
Case Study Insights: Analyze two Projects that successfully moved from below-market rents to a fully repositioned, renovated status.
 
AGENDA
Overview of HAP Contract Renewal Options One to Six
Mark-Up-To-Market Repositions
        - Basics of MU2M
        - Is My Section 8 Project Eligible?
        - Benefits of the Option One
 Sample Timeline for an MU2M Reposition
Glick Before and After Case Studies
   - Rehabilitation under Option 1-A, For Profit GP
   - Acquisition / Rehabilitation under Option 1-B, Non-Profit GP
Lessons Learned from Completed Project Repositions
Questions & Answers
 
IS THIS TRAINING FOR ME? 
This technical training is tailored for multifamily professionals considering or involved in a MU2M reposition: 
Owners and developers contemplating or involved with a reposition.
Project Managers underwriting  or executing a reposition plan.
Finance professionals working with LIHTC and HUD debt.
Management agents involved with a reposition plan.
LIHTC asset managers and analysts.
State Housing Credit Agency staff 
 
Vinnie hosts all of Birch Island's live webcasts. Please contact him at 617-905-6340 or Vinnie@BirchIslandREC.com with any questions about this training.
 
ABOUT THE PRESENTERS 
Vinnie Viola
Vinnie 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 over 300 live webcasts and delivered customized private trainings on multifamily asset management practices and related topics. 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.
 
Janine Betsey
Janine works at Gene B Glick Company, Inc. as the Director of Tax Credit Development.  Gene B Glick Company is a privately held company with almost 80 years of experience in developing, managing and preserving affordable housing.  Janine joined the Tax Credit team in 2021 to define and implement a strategy for rehabbing Glick properties utilizing low-income housing tax credit equity. Janine brings a passion for high-quality, affordable housing with services to her role. She works to integrate different goals into a long-term strategy for rehabbing and further preserving the high-quality physical and human assets that exist at Gene B. Glick Company and with our residents.  To date the company has repositioned over 2000 Apartment Homes utilizing over $200MM of bond volume and 4% credits.  Prior to joining the Glick team, Janine served as the President and CEO of Merchants Affordable Housing Corp (RDoor). She worked to grow that nonprofit's assets by $60 million and add 1700 apartment homes to their portfolio in 8 years. Janine graduated with a bachelor’s degree in Sociology and holds a Master's in Public Affairs, with a concentration in Policy Analysis, both from Indiana University Indy.
 
Mark Burch
Mark is a highly skilled and dedicated professional who supervises the Contract Renewal and Rent Adjustment departments for both Indiana and North Carolina Quadel. Quadel, as the Project Based Contract Administration (PBCA), works in co-ordination with its state partners to provide accurate and timely processing of contract renewal requests in accordance with HUD guidelines. A graduate of Indiana University and Indiana University School of Law, Mark joined Quadel in 2012 and has deep expertise in the complexities involved in Section 8 Contract Renewals, working with HUD, training new employees, and helping agents and owners understand their best options moving forward. Under his leadership, the Quadel team consistently delivers high-quality services in this area.