Calendar

Webinar: Introduction to the LIHTC Financial Model - Development Costs, Operating Pro Forma & Tax Benefits

Dates: 

March 16, 2017
​2:00 to 3:30 PM EDT

Instructors: 

Vinnie Viola; Troy Pohlkamp

About  This Training
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 professional development agenda for 2017 or you're new to the industry and would benefit from a 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 Troy Pohlkamp, Senior Director of Asset Management & Underwriting at Red Stone Equity Partners, for a 90-minute webcast that examines key assumptions and exhibits in a typical tax credit financial model. The interactive training will examine 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. Attendees can participate in a series of polls and submit questions for discussion during the training.

The webcast will 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, expected investor benefits and capital contribution amount. 

Training Objectives
At the completion of training, attendees will be able to

  • Identify key exhibits in a LIHTC financial model.
  • Understand sources of information used in the creation of the tax credit projections.
  • Describe & spot key assumptions that drive tax benefits (credits & losses) & cash flow.
  • Understand the concepts & terms used to mitigate perceived / real risks w/a typical project.
  • Understand how seemingly small variances from underwriting can impact a project's long-term financial health & developer fee.
  • Position the asset manager to "hit the ground running" when the deal closes.


​Is This Training for Me

This training is designed for stakeholders of LIHTC projects that would benefit from a guided tour of how the many inputs and exhibits to a typical investment model drive key outputs, mainly tax benefits, cash flow and residual value. The webcast is ideal for:

  • Junior fund managers
  • LIHTC asset managers and analysts
  • Developers that want an asset manager's perspective on the financial model
  • Junior acquisition analysts
  • Agency staff that review LIHTC projections for financial feasibility
  • Project managers responsible for delivering a project "on time" and "on budget."
  • Third-party service providers that work in the LIHTC field (e.g., construction monitors and architects)


A basic understanding about the LIHTC program and real estate financial analysis is recommended

Registration fee: 

$99.00

Type of event: 

Partner Events

Learning area: 

Real Estate Development

Partners: 

Birch Island Real Estate Consulting