Soup-to-Nuts: Year 15 and Year 30 Preservation
Strategies, Structures, and Financing
Tuesday, April 14, 2020 | 12:00pm – 2:00pm
As a general partner or managing member of a LIHTC project, it is essential to be prepared for Year 15. This session will focus on helping non-profit general partners plan for the Year 15 process, both at Year 1 (during the closing process) and as Year 15 approaches, including evaluating project status and preparing for the investor’s exit. Additionally, it will also cover disposition strategies, accounting and tax issues, and negotiating the investor’s exit. Through presentations from experienced industry professionals, participants will gain the fundamental knowledge on how to accomplish their next steps.
|12:00 pm||Welcome, Acknowledgments
Heather Raspberry, Executive Director, HAND
|12:05 pm||Nuts-and-Bolts Panel
Matthew Greeson, Member, Reno & Cavanaugh [Moderator]
Bryan Hollander, Vice President, Enterprise Community Partners
Beth Mullen, Principal, CohnReznick
|1:00 pm||Case Study
Vonda Orders, Of Counsel, Reno & Cavanaugh [Moderator]
Beverly Hanlin, Asset Management Director, NHT
- Presentation Files: To be shared after the conclusion of the training.
- Webcast Recording: To be shared after the conclusion of the training.
Thank you to our sponsors!
|Matthew Greeson, Member, Reno & Cavanaugh
Matthew Greeson is a member who focuses on complex real estate transactions with an emphasis on mixed-use transactions that combine commercial space with affordable and/or market-rate residential units. He represents developers, property owners, investors, landlords, and tenants in the negotiation of a wide variety of real estate instruments including ground leases, governmental disposition agreements, purchase and sale agreements, leases, and other related agreements. Matt closes transactions employing public-private partnership initiatives for acquisition and development and utilizing low-income housing tax credits, tax-exempt and conventional debt, and other private and public capital sources.
|Beverly Hanlin, Asset Management Director, NHT
Beverly Hanlin currently serves as the National Housing Trust’s Director of Asset Management. With more than 35 years of experience in the multifamily housing industry, Beverly Hanlin is considered an expert in asset management and resident services.
Beverly guides and supervises the NHT Communities portfolio to ensure owners successfully incorporate property, resident, and investor needs with every project. Additionally, Beverly’s conscientious, strong management skills safeguard each community’s financial performance and long-term preservation.
Beverly has earned recognition by Who’s Who and she was included in ABI’s “2,000 Notable American Women”. She has been invited to speak at conferences and symposiums by industry leaders such as NeighborWorks, the National Housing & Rehabilitation Association, and the Southeastern Affordable Housing Management Association.
Her commitment to nonprofit service also includes volunteering with Stewards of Affordable Housing for the Future (SAHF) on their Asset Management Peer Group and with the Housing Association of Nonprofit Developers (HAND) Program Committee for more than five years.
Beverly earned her business degree from West Virginia University and currently lives in the Washington, D.C. area with her family. She remains a Certified Professional of Occupancy thru the National Affordable Housing Management Association.
|Bryan Hollander, Vice President, Acquisitions, Enterprise Community Partners
Bryan Hollander is a vice president in the Acquisitions group at Enterprise Housing Credit Investments, LLC, Enterprise’s Low-Income Housing Tax Credit syndication business. He originates investments in multifamily affordable housing with a focus on sponsors based in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, southern Virginia, Tennessee and Wisconsin. Since joining Enterprise in 2011, Bryan has helped underwrite or originate approximately $650 million of low-income housing and historic tax credit equity investment in over 60 projects.
Bryan has been involved with multifamily housing and development finance since 2007. Prior to joining Enterprise, he consulted developers, investors and local governments as an associate at the real estate analytics firm, RCLCO.
Bryan holds a master’s degree in city and regional planning from The University of North Carolina at Chapel Hill. While at UNC, he served as a research assistant at the Center for Community Capital. He is a LEED accredited professional and a member of the Urban Land Institute.
|Beth Mullen, Partner, CohnReznick
Beth Mullen is CohnReznick’s Affordable Housing Industry Leader. She is also a member of the Firm’s Tax Practice Executive Committee. She has more than 25 years of experience providing consulting, tax, and accounting services to real estate owners and developers and the community redevelopment industry.
Beth has been involved with the low-income housing tax credit (LIHTC) program since its inception and has provided consulting services to developers, state credit agencies, and investors. A significant portion of her time is devoted to helping put deals together by structuring public/private partnerships that are financed in part by the LIHTC, federal and state historic tax credit programs, the federal New Markets Tax Credit Program, energy tax credits, and historic rehabilitation tax credits. She manages the CohnReznick tax requirements for private corporate funds and publicly syndicated LIHTC partnerships comprising several billion dollars in invested assets.
Her clients value her unique ability to interrelate tax credit regulations and compliance requirements, financial reporting under Securities Acts law and compliance, and cost certification reporting requirements enumerated by HUD and state housing agencies. Beth assists her clients during the development stages of their properties bringing the foresight necessary in dealing with the competing interests of the developer, lenders, investors and regulatory authorities.
Beth is involved on an ongoing basis in upgrading CohnReznick’s state of the art financial analysis model that is used to structure transactions. She assists clients with tax planning and research and any necessary correspondence with the Internal Revenue Service and state taxing authorities. She is responsible for the Firm’s tax quality control review of all tax returns for owners of affordable housing. Beth is an industry spokesperson and a frequently invited speaker at national and local industry trade conferences. She teaches internal and external courses on low-income, New Markets, and historic tax credits and has published articles in several trade magazines.
|Vonda Orders, Of Counsel, Reno & Cavanaugh
Vonda Orders focuses her practice on affordable housing finance and commercial real estate transactions. She has experience representing non-profit developers, government agencies, banks and investors in all aspects of affordable housing development and finance. She was the first General Counsel for the DC Department of Housing and Community Development. She has extensive experience advising government clients on regulatory issues concerning affordable housing development and operations.