Partnership Agreement Essentials for LIHTC Projects - A Seasoned Asset Manager's Perspective
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$119.00
$119.00
per item
Live Webcast
Thursday, December 5, 2024
2:00 PM to 3:30 pm EST
About the Training
What is the purpose of a limited partnership agreement (LPA) in an affordable housing project that uses Low-Income Housing Tax Credit (LIHTC) equity? More importantly, what are the essential LPA terms, conditions, obligations, covenants and responsibilities that you REALLY must understand as a stakeholder in a tax credit partnership? If you work in an organization that develops, operates or invests in LIHTC multifamily housing and would benefit from a seasoned expert's perspective on the LPA or simply have limited experience navigating this essential document, this training is for you.
Join seasoned tax credit asset manager Vinnie Viola for a 90-minute training that covers the basics of LIHTC partnership agreements. He will review the frequently referenced terms and sections of a typical LPA, considering both the investor limited partner's and general partner's perspectives. Attendees may submit questions for discussion and participate in on-screen polls.
Training Agenda
Is This Training For Me?
This training is ideal for tax credit professionals that need to understand the bottom line when it comes to effective administration of LIHTC partnerships:
Contact Vinnie with questions about the training at 617-905-6340 or [email protected].
About the Presenter
Vinnie Viola, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and cutting-edge web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 30 years’ experience, Vinnie has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices and LIHTC program. In these roles, Vinnie actively participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising billions in investor contributed tax credit equity. Vinnie received his BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. From November 2019 to January 2023, he served as director of asset management at Boston-based Madison Park Development Corporation.
Thursday, December 5, 2024
2:00 PM to 3:30 pm EST
About the Training
What is the purpose of a limited partnership agreement (LPA) in an affordable housing project that uses Low-Income Housing Tax Credit (LIHTC) equity? More importantly, what are the essential LPA terms, conditions, obligations, covenants and responsibilities that you REALLY must understand as a stakeholder in a tax credit partnership? If you work in an organization that develops, operates or invests in LIHTC multifamily housing and would benefit from a seasoned expert's perspective on the LPA or simply have limited experience navigating this essential document, this training is for you.
Join seasoned tax credit asset manager Vinnie Viola for a 90-minute training that covers the basics of LIHTC partnership agreements. He will review the frequently referenced terms and sections of a typical LPA, considering both the investor limited partner's and general partner's perspectives. Attendees may submit questions for discussion and participate in on-screen polls.
Training Agenda
- Purpose of Limited Partnership Agreement
- Partnership Formation & Structure
- Ancillary Legal Agreements
- What You REALLY Need To Understand in the LPA
- Capital Contributions
- Projected Tax Credit Amount & Equity Adjusters
- Rights, Powers & Obligations of the GP
- GP Limitation on Authority
- ILP Rights
- Cash Waterfall and Distributions
- Lifecycle Reporting Obligations
- LPA Exhibit - LIHTC Financial Model
- Year-15 Dispositions
- Tips for Successfully Managing a LIHTC Partnership
Is This Training For Me?
This training is ideal for tax credit professionals that need to understand the bottom line when it comes to effective administration of LIHTC partnerships:
- General partners, managing members, developers and guarantors
- Asset Managers that interact with tax credit project stakeholders
- Real Estate development project managers
- Senior property management staff
- Others interested in LIHTC partnership agreements
Contact Vinnie with questions about the training at 617-905-6340 or [email protected].
About the Presenter
Vinnie Viola, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and cutting-edge web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 30 years’ experience, Vinnie has worked in for-profit, government and not-for-profit organizations that invest in, manage and regulate affordable housing. His career includes ten years in various leadership roles at Boston Financial Investment Management and Boston Capital, through which he gained expertise with asset management best practices and LIHTC program. In these roles, Vinnie actively participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising billions in investor contributed tax credit equity. Vinnie received his BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. From November 2019 to January 2023, he served as director of asset management at Boston-based Madison Park Development Corporation.