Mapping Low-Income Housing Tax Credits - From Cost Certification to the Partnership’s Tax Return (2nd edition)
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Live Webcast
Thursday, July 17 2025
2:00 – 3:30 pm EDT
About This Webcast
Join seasoned multifamily asset manager Vinnie Viola for a 90-minute guided tour of tax credits from the LIHTC partnership’s Cost Certification to the annual tax return. Tax credit professionals: If your job responsibilities include reviewing the credit amount in a LIHTC cost certification, confirming content in a partnership’s annual tax return, and you’re looking to build your working knowledge, this webcast is for you.
This training examines credit flow for a 4% acquisition-rehabilitation (A/R) project in one high-rise LIHTC building. The webcast begins with an excerpt of a partnership’s cost certification, covering terms such as depreciable costs, eligible basis, applicable fraction, qualified basis, applicable percentage and much more. The training also examines Form 8609, Low-Income Housing Credit Allocation and Certification, the much-celebrated form issued by Housing Credit Agencies. The training then dives into the project’s annual tax return, weaving a story from Form 8586, Forms 8609-a, Schedule K and finally Schedules K-1. Vinnie will demonstrate in Excel how seemingly small variations in the first-year credit amount can impact a LIHTC project's investment yield. The training concludes by answer that million dollar question: What is a tax credit and how does It work?
A basic understanding of the LIHTC program is ideal for this intermediate-level training.
Disclaimer: Vinnie is an end-user of various tax credit documentation prepared by CPA firms’ tax and audit professionals. As such, he is not qualified to provide tax or legal advice on actual LIHTC partnerships and their legal structures.
Objectives
Is This Training For Me?
This intermediate training is ideal for tax credit professionals that review various foundational tax credit documentation to confirm a partnership’s ‘projected’ 10-year credit amount with amounts certified in the cost certification and 8609s and ultimately claimed on the myriad tax return forms and schedules:
Please contact Vinnie at [email protected] or (617)905-6340 with any questions about this webcast.
About the Presenter
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, celebrating its 12th anniversary in 2015. He provides consulting services and training to owners, developers, operators and investors of affordable housing funded with Low-Income Housing Tax Credit (LIHTC) equity. With more than 30 years of experience, Vinnie has worked in for-profit, not-for-profit and government organizations that develop, invest in, manage and regulate affordable housing with LIIHTC equity. He has deep expertise in multifamily asset management best practices. Vinnie’s resume includes ten years in various leadership roles at Boston Financial Investment Management and then Boston Capital. He actively participated in hundreds of investment committee meetings for prospective tax credit investments and reviewed thousands of partnership tax returns against investment objectives. He has proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor-contributed tax credit equity. Vinnie earned a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. He completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Photo by Alexander Andrews at Unsplash.
Thursday, July 17 2025
2:00 – 3:30 pm EDT
About This Webcast
Join seasoned multifamily asset manager Vinnie Viola for a 90-minute guided tour of tax credits from the LIHTC partnership’s Cost Certification to the annual tax return. Tax credit professionals: If your job responsibilities include reviewing the credit amount in a LIHTC cost certification, confirming content in a partnership’s annual tax return, and you’re looking to build your working knowledge, this webcast is for you.
This training examines credit flow for a 4% acquisition-rehabilitation (A/R) project in one high-rise LIHTC building. The webcast begins with an excerpt of a partnership’s cost certification, covering terms such as depreciable costs, eligible basis, applicable fraction, qualified basis, applicable percentage and much more. The training also examines Form 8609, Low-Income Housing Credit Allocation and Certification, the much-celebrated form issued by Housing Credit Agencies. The training then dives into the project’s annual tax return, weaving a story from Form 8586, Forms 8609-a, Schedule K and finally Schedules K-1. Vinnie will demonstrate in Excel how seemingly small variations in the first-year credit amount can impact a LIHTC project's investment yield. The training concludes by answer that million dollar question: What is a tax credit and how does It work?
A basic understanding of the LIHTC program is ideal for this intermediate-level training.
Disclaimer: Vinnie is an end-user of various tax credit documentation prepared by CPA firms’ tax and audit professionals. As such, he is not qualified to provide tax or legal advice on actual LIHTC partnerships and their legal structures.
Objectives
- Explain tax credit calculation nuances for a 4% A/R project.
- Identify key exhibits in a cost certification that detail a partnership’s projected annual credit amount.
- Compute the annual credit amount from details on Form 8609.
- Trace credit flow through the applicable forms and schedules in a LIHTC partnership’s tax return.
Is This Training For Me?
This intermediate training is ideal for tax credit professionals that review various foundational tax credit documentation to confirm a partnership’s ‘projected’ 10-year credit amount with amounts certified in the cost certification and 8609s and ultimately claimed on the myriad tax return forms and schedules:
- Asset management analysts
- Asset managers and portfolio managers reviewing annual tax returns on behalf of LIHTC investors.
- Real estate development project managers and analysts
- Staff at state housing agencies that allocate LIHTC to taxpayers.
- Non-LIHTC equity project funders and other project stakeholders interested in expanding their working knowledge of tax credits.
Please contact Vinnie at [email protected] or (617)905-6340 with any questions about this webcast.
About the Presenter
Vinnie Viola is principal of Birch Island Real Estate Consulting, LLC, celebrating its 12th anniversary in 2015. He provides consulting services and training to owners, developers, operators and investors of affordable housing funded with Low-Income Housing Tax Credit (LIHTC) equity. With more than 30 years of experience, Vinnie has worked in for-profit, not-for-profit and government organizations that develop, invest in, manage and regulate affordable housing with LIIHTC equity. He has deep expertise in multifamily asset management best practices. Vinnie’s resume includes ten years in various leadership roles at Boston Financial Investment Management and then Boston Capital. He actively participated in hundreds of investment committee meetings for prospective tax credit investments and reviewed thousands of partnership tax returns against investment objectives. He has proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor-contributed tax credit equity. Vinnie earned a BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. He completed the certificate in real estate finance program at Boston University’s Metropolitan College.
Photo by Alexander Andrews at Unsplash.