Introduction to the LIHTC Financial Model - Development Costs, Basis, 15-Year Operating Pro Forma & Tax Benefits (Part II)
While the limited partnership agreement is the legal contract for a LIHTC project, the financial model is the roadmap of expectations to which the tax credit developer is held accountable. The ability to navigate the model is an essential skill for asset managers and other project stakeholders. If financial model training is on your To-Do list for 2017 or you're new to the industry and would benefit from guided tour of this multi-layered investment tool, then this training is for you.
Join Vinnie Viola, Principal of Birch Island Real Estate Consulting, LLC, and special guest Bob Landis, SVP of Syndication at CAHEC, for an engaging 90-minute overview of the key assumptions and exhibits in a typical tax credit financial model. The training examines development sources & uses, depreciable & eligible basis, income & expense drivers and make-up of overall investment yield for a fictitious project known as Jackman Village Apartments, LP. The training also include a series of 'what if' scenarios to illustrate how seemingly small variances from initial underwriting can adversely impact a LIHTC project's operations,