Danger in the First Year! Development Phase AHIC Risk Rating Indicators Can Make or Break Your LIHTC Project!
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LIVE WEBCAST
Thursday, April 3, 2025
2:00 to 3:30 pm Eastern
Tax credit developers understand all to well that development phase presents the greatest risk to owners, operators and guarantors of multifamily projects funded with Low-Income Housing Tax Credit equity.
Most tax credit syndicators use AHIC's widely accepted guidelines for risk rating (grading) your projects. What is AHIC and why should you care? Would your project receive an 'A' or an 'F' grade? Are any of your tax credit projects on the investor's watch list? How can the AHIC guidelines be an important part of a good compliance "dashboard" to help drive lease-up for a property? How can YOU affect the grade?
For answers to these questions and much more, join co-hosts and industry-recognized asset management and compliance experts Vinnie Viola of Birch Island Real Estate Consulting and Scott Michael Dunn of Costello Compliance for a 90-minute webcast that examines the eight (8) criteria that AHIC prescribes for LIHTC projects in Development phase. Attendees may participate in a series of on-screen interactive polls and submit questions for real-time discussion by Scott Michael and Vinnie.
Is This Webcast for Me?
This introductory training would benefit a various multifamily stakeholders involved with stabilized tax credit projects.
About the Presenters
Scott Michael Dunn, is CEO and President of Costello Compliance and Director of Policy at Costello Companies. With nearly three decades of experience in all phases of affordable housing, Scott Michael enjoys both training others and designing systems to ensure regulatory compliance. He has overseen teams that monitored compliance with HUD, RD, tax credit, and HOME rules for federal, state, and private owner entities. He has a particular passion for the Low-Income Housing Tax Credit and has enjoyed working directly with over two-thirds of the state tax credit housing finance agencies to provide consulting, compliance monitoring, or training services.
After 11 years of growing the consulting firm Zeffert & Associates in St. Louis, Scott Michael returned to his roots in the upper Midwest to join the executive team of Costello Property Management (CPM) as their Director of Policy. In 2017, he was privileged to join the ownership team of the company he helped found 16 years prior, Costello Compliance. While continuing his responsibilities with CPM, he looks forward, as CEO of Costello Compliance, to growing its offerings of unique and quality compliance services. In 2019, NAHB recognized Scott Michael as the national Housing Credit Certified Professional (HCCP) of the Year.
Vinnie Viola, MPA, is Principal of Birch Island Real Estate Consulting, LLC. Formed in 2013, 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 30 years of experience, Vinnie has worked in for-profit, not-for-profit and government 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. He proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Vinnie earned a BA from University of Massachusetts, Boston and an MPA from University of Texas, Dallas. From November 2019 to January 2023, he served as Director of Asset Management at Boston-based Madison Park Development Corporation.
NOTE: AHIC is the Affordable Housing Investors Council, a non-profit organization whose members have invested billions in affordable rental housing in the United States by purchasing federal LIHTC over the past decades. This webcast has no affiliation with AHIC or its membership. Go to www.AHIC.org for more about this important group.
Thursday, April 3, 2025
2:00 to 3:30 pm Eastern
Tax credit developers understand all to well that development phase presents the greatest risk to owners, operators and guarantors of multifamily projects funded with Low-Income Housing Tax Credit equity.
Most tax credit syndicators use AHIC's widely accepted guidelines for risk rating (grading) your projects. What is AHIC and why should you care? Would your project receive an 'A' or an 'F' grade? Are any of your tax credit projects on the investor's watch list? How can the AHIC guidelines be an important part of a good compliance "dashboard" to help drive lease-up for a property? How can YOU affect the grade?
For answers to these questions and much more, join co-hosts and industry-recognized asset management and compliance experts Vinnie Viola of Birch Island Real Estate Consulting and Scott Michael Dunn of Costello Compliance for a 90-minute webcast that examines the eight (8) criteria that AHIC prescribes for LIHTC projects in Development phase. Attendees may participate in a series of on-screen interactive polls and submit questions for real-time discussion by Scott Michael and Vinnie.
Is This Webcast for Me?
This introductory training would benefit a various multifamily stakeholders involved with stabilized tax credit projects.
- Tax credit developers and multifamily operators
- Project sponsors and general partners
- LIHTC asset managers and analysts
- Portfolio and fund managers
- Others that want to understand AHIC risk rating criteria
About the Presenters
Scott Michael Dunn, is CEO and President of Costello Compliance and Director of Policy at Costello Companies. With nearly three decades of experience in all phases of affordable housing, Scott Michael enjoys both training others and designing systems to ensure regulatory compliance. He has overseen teams that monitored compliance with HUD, RD, tax credit, and HOME rules for federal, state, and private owner entities. He has a particular passion for the Low-Income Housing Tax Credit and has enjoyed working directly with over two-thirds of the state tax credit housing finance agencies to provide consulting, compliance monitoring, or training services.
After 11 years of growing the consulting firm Zeffert & Associates in St. Louis, Scott Michael returned to his roots in the upper Midwest to join the executive team of Costello Property Management (CPM) as their Director of Policy. In 2017, he was privileged to join the ownership team of the company he helped found 16 years prior, Costello Compliance. While continuing his responsibilities with CPM, he looks forward, as CEO of Costello Compliance, to growing its offerings of unique and quality compliance services. In 2019, NAHB recognized Scott Michael as the national Housing Credit Certified Professional (HCCP) of the Year.
Vinnie Viola, MPA, is Principal of Birch Island Real Estate Consulting, LLC. Formed in 2013, 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 30 years of experience, Vinnie has worked in for-profit, not-for-profit and government 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. He proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Vinnie earned a BA from University of Massachusetts, Boston and an MPA from University of Texas, Dallas. From November 2019 to January 2023, he served as Director of Asset Management at Boston-based Madison Park Development Corporation.
NOTE: AHIC is the Affordable Housing Investors Council, a non-profit organization whose members have invested billions in affordable rental housing in the United States by purchasing federal LIHTC over the past decades. This webcast has no affiliation with AHIC or its membership. Go to www.AHIC.org for more about this important group.