Compliance Essentials for LIHTC Acq/Rehab Projects, including Resyndication Scenarios - On Demand
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$149.00
$119.00
$119.00
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Original webcast aired November 2, 2017
Run time: 2 hours
Terms: Purchase of this training entitles Purchaser to unlimited viewings of the recorded original webcast for up to 14 days from date of purchase. The training video is not downloadable, but rather is viewable in MP4 format online at our GoToWebinar portal.
About This Training
Confused about what IRS’ Safe Harbor Rule means for your upcoming acq / rehab project? Need clarity on the different rules for affordable multifamily projects that will be acquired and rehabilitated using tax credit equity for the first time versus a resyndication projects? Need a refresher on qualifying existing tenants and tenant relocation in projects with multiple buildings? If your organization plans to undertake acq/rehab projects in the coming months or staff simply need a refresher of program rules and nuances, this training is for you. Let tax credit experts Vinnie Viola and Erik Whitton demystify acq/rehab projects in a two-hour webcast that will answer the above questions and more. Building a fictitious project known as Tide View Apartments, the webcast will focus primarily on acq / rehab of an occupied multifamily project— also known as an 'in-place acq / rehab'-- that leverage LIHTC equity as a source of funding.
Prerequisite: Working knowledge of Section 42 program rules and requirements.
Agenda
Is this Training for Me?
This intermediate-level training is designed for multifamily professionals engaged in the acquisition and rehabilitation of projects funded with LIHTC equity:
Contact Vinnie with your questions about this webcast at 617-905-634 or [email protected].
About the Presenters
Vinnie Viola, MPA, HCCP, s Principal and Founder of Birch Island Real Estate Consulting, LLC. Celebrating its 4th anniversary this September, Birch Island provides asset management consulting services and web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 25 years’ experience, Mr. Viola 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. In these roles, Mr. Viola participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Mr. Viola received his Bachelor of Arts in Geography with concentration in urban planning (magna cum laud) from the University of Massachusetts Boston and Master of Public Affairs from the University of Texas Dallas. He currently serves on NAHB’s Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board's Professional Development subcommittee.
Erik Whitton is President of EJW Qualified Compliance Consulting, LLC, located in Portland. Mr. Whitton has over 18 years’ experience working within the LIHTC industry as a compliance consultant and trainer. He has provided hands on consulting services to over 4,000 LIHTC developments nationwide, most notably with Spectrum Enterprises, Inc. In 2016, Mr. Whitton started his own firm which provides compliance services to developers, management companies, and investors. Qualified Compliance Consulting specializes in compliance strategies for properties financed with acquisition/rehab credits and developments being resyndicated with a subsequent allocation of housing credit.
Run time: 2 hours
Terms: Purchase of this training entitles Purchaser to unlimited viewings of the recorded original webcast for up to 14 days from date of purchase. The training video is not downloadable, but rather is viewable in MP4 format online at our GoToWebinar portal.
About This Training
Confused about what IRS’ Safe Harbor Rule means for your upcoming acq / rehab project? Need clarity on the different rules for affordable multifamily projects that will be acquired and rehabilitated using tax credit equity for the first time versus a resyndication projects? Need a refresher on qualifying existing tenants and tenant relocation in projects with multiple buildings? If your organization plans to undertake acq/rehab projects in the coming months or staff simply need a refresher of program rules and nuances, this training is for you. Let tax credit experts Vinnie Viola and Erik Whitton demystify acq/rehab projects in a two-hour webcast that will answer the above questions and more. Building a fictitious project known as Tide View Apartments, the webcast will focus primarily on acq / rehab of an occupied multifamily project— also known as an 'in-place acq / rehab'-- that leverage LIHTC equity as a source of funding.
Prerequisite: Working knowledge of Section 42 program rules and requirements.
Agenda
- Planning/Strategizing/Communicating: key issues that need to be identified ahead of closing
- Income certifying existing tenants & understanding the IRS Safe Harbor
- Tenant transfer & relocation: are new certifications required?
- Tracking 1st year applicable fraction & maximizing credit delivery
- Unique rules for resyndication of existing LIHTC developments
- Summary/Closing/Q&A time permitting
Is this Training for Me?
This intermediate-level training is designed for multifamily professionals engaged in the acquisition and rehabilitation of projects funded with LIHTC equity:
- LIHTC Developers and General Partners
- Property Management Staff
- Tax Credit Asset Managers and Analysts
Contact Vinnie with your questions about this webcast at 617-905-634 or [email protected].
About the Presenters
Vinnie Viola, MPA, HCCP, s Principal and Founder of Birch Island Real Estate Consulting, LLC. Celebrating its 4th anniversary this September, Birch Island provides asset management consulting services and web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 25 years’ experience, Mr. Viola 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. In these roles, Mr. Viola participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Mr. Viola received his Bachelor of Arts in Geography with concentration in urban planning (magna cum laud) from the University of Massachusetts Boston and Master of Public Affairs from the University of Texas Dallas. He currently serves on NAHB’s Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board's Professional Development subcommittee.
Erik Whitton is President of EJW Qualified Compliance Consulting, LLC, located in Portland. Mr. Whitton has over 18 years’ experience working within the LIHTC industry as a compliance consultant and trainer. He has provided hands on consulting services to over 4,000 LIHTC developments nationwide, most notably with Spectrum Enterprises, Inc. In 2016, Mr. Whitton started his own firm which provides compliance services to developers, management companies, and investors. Qualified Compliance Consulting specializes in compliance strategies for properties financed with acquisition/rehab credits and developments being resyndicated with a subsequent allocation of housing credit.