Introduction to the LIHTC Financial Model - Development Costs, Basis, 15-Year Operating Pro Forma & Tax Benefits (TC Series Pt. II)
1 hour 30 minutes
While the limited partnership agreement is the legal contract for a LIHTC project, the financial model is a roadmap of investor 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 2022 To-Do List 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, for an insightful 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, expected investor benefits and capital contribution amount.