Duration:

1 hour 30 minutes

Description

​About the Training
What exactly is the purpose of a limited partnership agreement (LPA) in a partnership that leverages Low-Income Housing Tax Credit (LIHTC) equity to develop affordable rental housing? More importantly, what are the essential LPA terms, conditions, obligations, covenants and responsibilities that you REALLY must understand as a stakeholder in a tax credit partnership? If you work in an organization that develops, operates or invests in LIHTC multifamily housing and would benefit from a seasoned expert's’ insights on the LPA or simply have limited experience navigating this essential document, this training is for you.

​Join seasoned tax credit asset manager Vinnie Viola for a 90-minute training that covers the essentials of LIHTC partnership agreements. He'll review the key frequently referenced terms and sections of a typical LPA. Attendees may submit questions for discussion and participate in on-screen polls.​​
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Training Agenda
​​Purpose of Limited Partnership Agreement
Partnership Formation & Structure
Ancillary Legal Agreements
What You REALLY Need To Understand in the LPA
Capital Contributions
Projected Tax Credit Amount & Equity Adjusters
Rights, Powers & Obligations of the GP
GP Limitation on Authority
ILP Rights
Cash Waterfall and Distributions
Lifecycle Reporting Obligations
LPA Exhibit - LIHTC Financial Model
Year-15 Dispositions
Tips for Successfully Managing a LIHTC Partnership​​​
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​Is This Training For Me?
This training is ideal for tax credit professionals that need to understand the bottom line when it comes to effective administration of LIHTC partnerships:
General partners, managing members, developers and guarantors
Asset Managers that interact with tax credit project stakeholders
Real Estate development project managers
Senior property management staff
Others interested in LIHTC partnership agreements

Contact Vinnie with questions about the training at 617-905-6340 or vinnie@birchislandrec.com.
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​​​About the Presenter
​​Vinnie Viola, HCCP, MPA, is Principal and Founder of Birch Island Real Estate Consulting, LLC. His company provides asset management consulting services and cutting-edge web-based and private trainings to owners, developers, operators and investors of multifamily housing funded with LIHTC equity. With over 30 years’ experience, Vinnie has worked in for-profit, government and not-for-profit 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 and LIHTC program. In these roles, Vinnie actively participated in hundreds of investment committee meetings for prospective tax credit investments. He has proactively asset managed thousands of rental units in hundreds of investment partnerships, comprising over $1 billion in investor contributed tax credit equity. Vinnie received his BA in Geography from the University of Massachusetts, Boston and an MPA from the University of Texas, Dallas. Today, Vinnie serves as Director of Asset Management at non-profit developer Madison Park Development Corporation, located in Nubian Square, Boston, MA.

Registration fee

$109