Nuts & Bolts of Monitoring LIHTC Multifamily Housing During Construction (O-D)
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On-Demand Training
Original webcast aired, October 13, 2016
Run time: 95 Minutes
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 Citrix GoToWebinar portal.
About This Training
Who said, “Time is money”? If you guessed Founding Father Benjamin Franklin, you’re correct. Over two centuries later, multifamily stakeholders understand the time-money concept all too well. In a multifamily housing context, construction phase poses the greatest risk to developers and general partners, alike. Construction delays can be costly in terms of unfavorable variances with delivery of investor’s tax benefits. Timely completion is only one measure of a project’s overall success, right? Stakeholders also care about whether a project is on budget and that the buildings, site improvements and amenities meet overall design requirements and specifications. If your organization develops, constructs, invests in or provides financing for multifamily rental housing, this insightful training on the nuts and bolts of monitoring LIHTC multifamily projects in construction phase, is for you.
Vinnie Viola, principal of Birch Island Real Estate Consulting, and guests Sean Dundon, co-founder and principal of Blackstone Consulting and Bob Pezzini, First Vice President–Development Risk Management at Boston Financial Investment Management, discuss six key phases in the construction lifecycle and best practices for monitoring construction progress from pre-closing to final completion. Sean offers a third-party inspector perspective, the client's eyes and ears on at the job site, while Bob, with significant expertise monitoring LIHTC projects in development phase on behalf of institutional investors, provides commentary on construction monitoring best practices.
Training Agenda
Is This Training for Me?
If your professional responsibilities involve reviewing payment requisitions, monitoring and/or inspecting multifamily projects in construction, in particular, oversight of LIHTC assets, this training will expand your working knowledge of construction monitoring best practices. The training is ideal for:
About the Presenters
Sean Dundon co-founded Blackstone Consulting LLC in 2001 and he has over 20 years of technical and management experience in environmental and physical due diligence, construction document review and monitoring, environmental site investigation and environmental claim investigation. Mr. Dundon has managed hundreds of multifamily, office, storage, distribution, hotel, and retail development and rehabilitation projects nationwide for equity position owners to assess their financial risks relating to deferred maintenance, construction defects, and environmental liabilities. Mr. Dundon’s commercial real estate clients include institutional investors, private equity investors, national and regional lending institutions, insurance companies and law firms.
Among his academic credentials, Mr. Dundon holds a Master of Business Administration from Bryant College and a Bachelor of Science in Public Health from the University of Massachusetts at Amherst. He is also an active member of NH & RA, NMHC and other industry groups.
Bob Pezzini, is a First Vice President and Development Risk Management (DRM) Team Leader at Boston Financial Investment Management (BFIM) where he has worked since 2006. He has 23 years of real estate industry experience including property management, construction administration, development, and asset management. His experience includes retail, office, and residential properties. And, Bob’s experience includes 12 years’ experience in affordable housing. Since Bob assumed the role of DRM Team Leader at BFIM in 2010, he has overseen the construction or rehab and lease-up of over 250 properties with an equity investment of over $1.6 billion.
Bob holds a B.S. from The Catholic University of America with a major in Architecture, and an MBA with a concentration in Real Estate Finance from University of MD.
Vinnie Viola, HCCP, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting and training services to investors, developers and operators of affordable housing funded with LIHTC equity. With 25 years' experience, Vinnie has worked in for-profit, government and non-profit organizations that invest in, manage and regulate affordable housing. He has spent 10 years with two national LIHTC syndicators in various asset management leadership roles; through which he deep expertise in industry best practices and the Section 42 program. He has asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity.
Vinnie holds a BA from the University of Massachusetts Boston and a Master of Public Affairs from the University of Texas. He currently serves as member on NAHB's Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board’s Professional Development committee.
Please contact Vinnie with any questions about this training at (617) 905-6340 or [email protected].
Original webcast aired, October 13, 2016
Run time: 95 Minutes
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 Citrix GoToWebinar portal.
About This Training
Who said, “Time is money”? If you guessed Founding Father Benjamin Franklin, you’re correct. Over two centuries later, multifamily stakeholders understand the time-money concept all too well. In a multifamily housing context, construction phase poses the greatest risk to developers and general partners, alike. Construction delays can be costly in terms of unfavorable variances with delivery of investor’s tax benefits. Timely completion is only one measure of a project’s overall success, right? Stakeholders also care about whether a project is on budget and that the buildings, site improvements and amenities meet overall design requirements and specifications. If your organization develops, constructs, invests in or provides financing for multifamily rental housing, this insightful training on the nuts and bolts of monitoring LIHTC multifamily projects in construction phase, is for you.
Vinnie Viola, principal of Birch Island Real Estate Consulting, and guests Sean Dundon, co-founder and principal of Blackstone Consulting and Bob Pezzini, First Vice President–Development Risk Management at Boston Financial Investment Management, discuss six key phases in the construction lifecycle and best practices for monitoring construction progress from pre-closing to final completion. Sean offers a third-party inspector perspective, the client's eyes and ears on at the job site, while Bob, with significant expertise monitoring LIHTC projects in development phase on behalf of institutional investors, provides commentary on construction monitoring best practices.
Training Agenda
- Construction Monitoring Basics
- Importance of Construction Pre-Closing Meeting & Information Gathering
- Post-Closing Construction Monitoring Processes and Practices
- Six Stages of Construction & Quality Control
- Review AIA Forms G702 & G703, ‘Application & Certificate for Payment’ & ‘Continuation Sheet’, respectively
- Tips to Ensure a Successful Project Completion
Is This Training for Me?
If your professional responsibilities involve reviewing payment requisitions, monitoring and/or inspecting multifamily projects in construction, in particular, oversight of LIHTC assets, this training will expand your working knowledge of construction monitoring best practices. The training is ideal for:
- Asset managers & development risk managers of affordable and market-rate multifamily housing
- Multifamily developers & general partners
- Agency staff & other funders that review and approve construction loan requisitions
- Others that perform construction due diligence for multifamily rental housing
About the Presenters
Sean Dundon co-founded Blackstone Consulting LLC in 2001 and he has over 20 years of technical and management experience in environmental and physical due diligence, construction document review and monitoring, environmental site investigation and environmental claim investigation. Mr. Dundon has managed hundreds of multifamily, office, storage, distribution, hotel, and retail development and rehabilitation projects nationwide for equity position owners to assess their financial risks relating to deferred maintenance, construction defects, and environmental liabilities. Mr. Dundon’s commercial real estate clients include institutional investors, private equity investors, national and regional lending institutions, insurance companies and law firms.
Among his academic credentials, Mr. Dundon holds a Master of Business Administration from Bryant College and a Bachelor of Science in Public Health from the University of Massachusetts at Amherst. He is also an active member of NH & RA, NMHC and other industry groups.
Bob Pezzini, is a First Vice President and Development Risk Management (DRM) Team Leader at Boston Financial Investment Management (BFIM) where he has worked since 2006. He has 23 years of real estate industry experience including property management, construction administration, development, and asset management. His experience includes retail, office, and residential properties. And, Bob’s experience includes 12 years’ experience in affordable housing. Since Bob assumed the role of DRM Team Leader at BFIM in 2010, he has overseen the construction or rehab and lease-up of over 250 properties with an equity investment of over $1.6 billion.
Bob holds a B.S. from The Catholic University of America with a major in Architecture, and an MBA with a concentration in Real Estate Finance from University of MD.
Vinnie Viola, HCCP, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting and training services to investors, developers and operators of affordable housing funded with LIHTC equity. With 25 years' experience, Vinnie has worked in for-profit, government and non-profit organizations that invest in, manage and regulate affordable housing. He has spent 10 years with two national LIHTC syndicators in various asset management leadership roles; through which he deep expertise in industry best practices and the Section 42 program. He has asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed equity.
Vinnie holds a BA from the University of Massachusetts Boston and a Master of Public Affairs from the University of Texas. He currently serves as member on NAHB's Housing Credit Certified Professional (HCCP) Board of Governors and chairs the board’s Professional Development committee.
Please contact Vinnie with any questions about this training at (617) 905-6340 or [email protected].