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Asset Management Overview of Low-Income Housing Tax Credit Program
March 24, 2021 @ 5:00 pm - 6:30 pm
Instructors: Jack Geary
Structure of Course:
• Preliminary online session discussing subject concepts, training, formulas (where applicable) and best practices.
• Provide participants with a case-study type set of exercises to complete independently. Independent work is designed to reinforce and build on the training provided in the preliminary online session.
• Follow Up Session to review case study exercises, review any new issues that arise from case study.
Summary:
Overview of Low Income Housing Tax Credit (LIHTC) program with a focus on how the program makes affordable housing possible. Subtitle of the class might be “Everything they didn’t tell me in the compliance class that I really wanted to know.” The workshop will provide an overview of the history and intent of the LIHTC program, how the LIHTC funds get from investors to the property, and a basic description of how the credits for a property are calculated. Workshop and mini-case study will include hands-on calculation of how the credits are calculated for a project and how the credits blend into the project’s funding plan to make development possible.
Workshop will include two 60 to 90-minute online sessions, with participants completing a mini-case study financial report analysis exercise on your own in the week between the online sessions. and introduces income and expense. Instructor will remain available to participants for questions during the case study. Participants will receive PDF booklets for both sessions and mini-case study booklet/spreadsheet.
Jack Geary has over 35 years of asset management, property management and real estate development experience in the not-for-profit and public sectors. A former public housing resident, Geary is the retired director of operations for the Cambridge (MA) Housing Authority, and is the former director of management for the San Francisco Housing Authority, director of Urban Edge Property Management (Boston), and property manager and director of senior housing at Boston Housing Authority. Since 1994, Geary has worked as a consultant and trainer for various public housing authorities and nonprofit owners of affordable housing. His educational background includes Senior Executives in State and Local Government Program at Harvard University’s Kennedy School of Government, and a MS from the University of Massachusetts, John W. McCormack Institute for Public Management.
See the companion Asset Management Course with Jack Geary HERE.
Registration deadline: Tuesday, March 23, 2021
Registration fee: Regular $90, MACDC Member $75, Student/Americorps/Intern $50