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Risky Business: Avoiding LIHTC Recapture
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LIVE WEBCAST
Tuesday, April 29, 2025
2:00 pm Eastern (not to exceed 2 hours)
“An ounce of prevention is worth a pound of Cure.”
Benjamin Franklin
About This Webcast
Looking for an engaging intermediate-level training on the Low-Income Housing Tax Credit (Section 42) program to kick off your 2025 training plan? On April 29th Birch Island Real Estate Consulting and Costello Compliance unveil their newest webcast collaboration on Recapture, a frequently misunderstood concept among tax credit industry stakeholders. Recapture can have serious financial consequences for tax credit investors and developers alike. An actual recapture event is a worst-case scenario that, like other noncompliance, can be avoided by LIHTC project owners. How? LIHTC asset management and compliance experts have a lot to share relating to competent systems and ongoing training that can prevent or minimize loss of tax credits.
Join Vinnie Viola and co-host Scott Michael Dunn, multifamily asset management and affordable housing compliance experts, for an animated webcast that examines the various types of noncompliance that can cause a recapture event and credit disallowance. The training will feature onscreen demonstrations of tax credit recapture calculations in easy-to-follow examples in our Recapture Estimator spreadshseet.
Agenda
Is This Webcast for Me?
This intermediate-level training would benefit a variety of multifamily stakeholders involved with tax credit projects:
Contact Vinnie with any questions about this training or your registration at 617-905-6340 or [email protected].
About the Presenters
Scott Michael Dunn, HCCP, is the CEO of Costello Compliance. Before that, he was executive vice president of Zeffert & Associates for 12 years. He brings nearly three decades of direct experience in affordable housing management, auditing and training. He has worked with the majority of of the state tax credit agencies, many HOME participating jurisdictions, and HUD and USDA/RD agencies. A recognized expert in the industry, Scott Michael has been published in numerous trade periodicals and is the author of several textbooks and regulatory manuals on various affordable housing programs. Besides his own subject matter expertise, he also has an extensive history of designing systems that leverage teams to review and ensure compliance. He has a proven track record of delivering excellent regulatory results and training.
Vinnie Viola, MPA, is principal and founder of Birch Island Real Estate Consulting, LLC. 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 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. In these LIHTC syndicator roles, Vinnie participated in hundreds of investment committee meetings on prospective tax credit investments. He proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Vinnie received a BA in Geography from the University of Massachusetts, Boston, and MPA from the University of Texas, Dallas. He also completed the certificate program in Real Estate Finance from Boston University's Metropolitan College.
Tuesday, April 29, 2025
2:00 pm Eastern (not to exceed 2 hours)
“An ounce of prevention is worth a pound of Cure.”
Benjamin Franklin
About This Webcast
Looking for an engaging intermediate-level training on the Low-Income Housing Tax Credit (Section 42) program to kick off your 2025 training plan? On April 29th Birch Island Real Estate Consulting and Costello Compliance unveil their newest webcast collaboration on Recapture, a frequently misunderstood concept among tax credit industry stakeholders. Recapture can have serious financial consequences for tax credit investors and developers alike. An actual recapture event is a worst-case scenario that, like other noncompliance, can be avoided by LIHTC project owners. How? LIHTC asset management and compliance experts have a lot to share relating to competent systems and ongoing training that can prevent or minimize loss of tax credits.
Join Vinnie Viola and co-host Scott Michael Dunn, multifamily asset management and affordable housing compliance experts, for an animated webcast that examines the various types of noncompliance that can cause a recapture event and credit disallowance. The training will feature onscreen demonstrations of tax credit recapture calculations in easy-to-follow examples in our Recapture Estimator spreadshseet.
Agenda
- Recapture Defined
- What Causes a Recapture Event?
- Decreases in Qualified Basis – why they happen.
- A Brief Look at IRS Forms 8609, Form 8609-A and Form 8611
- LIHTC and Recapture Math - The True Cost of Recapture
- Summary of Presenter Conversations with LIHTC Industry Stakeholders
Is This Webcast for Me?
This intermediate-level training would benefit a variety of multifamily stakeholders involved with tax credit projects:
- Tax credit developers and multifamily operators
- Real estate project managers
- LIHTC asset managers and analysts
- LIHTC compliance staff
- Portfolio and fund managers
- State Tax Credit Agency and other affordable housing funders
- Others that want to better understand that little understood concept, Recapture.
Contact Vinnie with any questions about this training or your registration at 617-905-6340 or [email protected].
About the Presenters
Scott Michael Dunn, HCCP, is the CEO of Costello Compliance. Before that, he was executive vice president of Zeffert & Associates for 12 years. He brings nearly three decades of direct experience in affordable housing management, auditing and training. He has worked with the majority of of the state tax credit agencies, many HOME participating jurisdictions, and HUD and USDA/RD agencies. A recognized expert in the industry, Scott Michael has been published in numerous trade periodicals and is the author of several textbooks and regulatory manuals on various affordable housing programs. Besides his own subject matter expertise, he also has an extensive history of designing systems that leverage teams to review and ensure compliance. He has a proven track record of delivering excellent regulatory results and training.
Vinnie Viola, MPA, is principal and founder of Birch Island Real Estate Consulting, LLC. 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 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. In these LIHTC syndicator roles, Vinnie participated in hundreds of investment committee meetings on prospective tax credit investments. He proactively managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity. Vinnie received a BA in Geography from the University of Massachusetts, Boston, and MPA from the University of Texas, Dallas. He also completed the certificate program in Real Estate Finance from Boston University's Metropolitan College.