BuzzHouse: A Baker Tilly Podcast

BuzzHouse: A Baker Tilly Podcast

BuzzHouse is a podcast series specifically for professionals in the multifamily housing industry. Each episode features current issues, hot topics and guests from the industry to help you win now and anticipate tomorrow.

Episodes

April 26, 2021 14 min

BuzzHouse is celebrating one full year of podcasting! On this anniversary episode Don and Garrick reminisce on the past year, sharing their favorite memories and episodes. In addition, they talk about the most notable industry changes that have, and will continue to have, the biggest impact in the multifamily housing industry.

Giveaway details: To celebrate one year of podcasting, we are giving away one pair of BuzzHouse-branded Bos...

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Tax attorney and industry titan, Glenn Graff joins BuzzHouse fresh off the March 24 Internal Revenue Service (IRS) public hearing on proposed regulations related to the average income test for low-income housing tax credit (LIHTC) properties. Glenn shares his key takeaways from the hearing and touches on other hot button issues dealing with affordable housing including additional clarification around Notice 2021-12 and the 4% locke...

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With COVID-19 greatly impacting supply chains and construction material prices, multifamily housing developers are getting creative to combat costs. Jason Korb of Korb + Associates Architects shares the architectural design changes he is seeing in the multifamily housing industry, such as a move towards mass timber and carbon neutral concrete. Hear COVID-19-inspired design features, recommended material choices for your project...

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The act of combining (or “twinning”) tax credits, such as the low-income housing tax credit (LIHTC) and historic tax credit (HTC), can offer developers an opportunity to bridge a funding gap and improve the rates of return on transactions for investors.


This episode explains the benefits a twinned structure in an affordable housing development and the key differences in pricing, structures, debt execution and cash flow to help you ...

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A leading investment banker shares insight into the current tax-exempt market, 80/20 tax-exempt bond transactions, example structures for states with Volume Cap to achieve government bonds, amortization terms, and products for Year 15 acquisitions and refinances.

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On Jan. 19, 2021, the U.S. Department of Housing and Urban Development (HUD) issued PIH Notice 2021-07 regarding public housing repositioning and Rental Assistance Demonstration (RAD) Section 18 blends, the eligibility for tenant-protection vouchers and associated application requirements. To grasp exactly how this notice will affect the public housing industry, we brought in housing veteran Pat Costigan to give us an overview of t...

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If a social service program saves even two residents per month, it would equate to $60,000 a year in savings. Social service programs give the tenant population the ability to enhance behaviors that drive value-based living, which can further advance the social and economic contributors to a community development and a tenant’s personal financial position.


In this episode, President/Executive Director of Rainbow Housing, Flynann Ja...

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Round two of the Paycheck Protection Program (PPP), also referred to as PPP2, was renewed as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The $900 billion relief package includes $284 billion towards the new round of PPP loans, providing more avenues of relief for small businesses.


Find out if you are eligible for funding, learn the acceptable uses for PPP funding and understand the parameters ...

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Reaching your financial goals starts with an efficient investment strategy. On this episode, we discuss the tax-efficient strategies that should be in your back pocket during the upcoming tax season. You’ll learn the depreciation and cost segregation strategies that will help you increase cash flow in the short-term, while maximizing tax savings over time. Make sure you are analyzing the right things as you take a strategic look at...

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From raising the corporate tax rate to 28% to homebuyer and renter tax credits, housing practice leaders Don Bernards and Garrick Gibson lay out Joe Biden’s plan for tackling major housing issues. Specifically, they cover the areas the $640 billion plan focuses on and how the tax changes could affect the housing industry and low-income communities.

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As tax season quickly approaches, Don and Garrick catch you up on a number of tax-related topics that could add value to your affordable housing project. They will share the enhanced bonus depreciation rates and the importance of a cost segregation study to determine your after-tax benefit. In addition, they will walk through the 45L energy efficiency tax credit provisions impacting the real estate industry and changes in HUD desig...

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On this episode of BuzzHouse, we discuss hot topics around LIHTC deals, with a special focus on components of equity LOIs and partnership agreements. Our guest, Jon Peterson of real estate and construction law firm Winthrop & Weinstine, will share what he is seeing in special allocations in LIHTC deals and trends with bond deals.


You will learn how owners in Year 15 exits can negotiate LPA disclosures to address some of the exit...

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On this episode, Don and Garrick speak to Executive Vice President of Baker Tilly Capital, Mike Fitzpatrick, on Opportunity Zones (OZ). They discuss the types of projects that are attractive to investors in the current market, the general underwriting benchmarks sponsors should be aware of, and how the election is impacting OZ equity.


If you have large capital gain, Mike will share some options for getting into an investment and ho...

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Multifamily housing leaders and hosts, Don Bernards and Garrick Gibson, bring in the director of Stonehenge Capital to discuss state and federal historic tax credit transactions. The episode brings us back to the basics by developing an understanding of the equity market space and who the key players are. They dive in deeper to discuss what underwriters are looking for in historic deals and the initial conversations you should have...

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As the insurance market hardens, pricing on average is up approximately 15-25% higher than it was this time last year. In addition, the insurance market isn’t expected to get any better over the next two years. We asked insurance specialists from M3 Insurance to join us to talk about what multifamily housing developers and owners can do to control their rates and get the best terms and pricing from insurance companies. Brad Winches...

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Take an inside look into the multifamily buying and selling world and the impact COVID-19 has had on the multifamily sales market. With special guests Eric Taylor and Aaron Hargrove from private commercial real estate finance and investment company, Greystone. They will detail the pipeline of assets they are bringing to market, what they are seeing with capitalization rates, current seller motivations and changes in the buyer marke...

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In response to COVID-19, the U.S. Department of Housing and Urban Development (HUD) has undergone many changes to its loans and programs. On this episode, Adam Hendin of Gersham Mortgage, joins us to discuss COVID-19’s impact to processing times on HUD loans, underwriting, forbearance, rate fluctuation and the 223f product three-year rule.

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In this episode of BuzzHouse, Don Bernards and Garrick Gibson update you on the latest news surrounding the multifamily housing and community development industry over the last few weeks.

First, they start with an update on applications including the CDFI Fund that released awardees of New Market Tax Credits, as well as the Capital Magnet Fund. Then they dive into Notice 2020-53 for LIHTC deals, followed by the key provisions of t...

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What effects will COVID-19 have on available multifamily housing funding by municipalities? What strategies are municipalities bringing to the table? What information should developers provide to municipalities when starting projects? Baker Tilly’s municipal advisors Terri Heaton and Mikaela Huot join our hosts to discuss multifamily housing from a municipality viewpoint and everything municipalities want you to know as a developer...

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David Haviland is a Baker Tilly senior manager, best known for his multitude of experience helping multifamily housing developers identify opportunities through market studies. In this episode, he reveals how COVID-19 has impacted the process of market studies and why virtual site visits may be the wave of the future. Hosts, Don Bernards and Garrick Gibson dig deeper to uncover chatter around rent collections, especially as it rela...

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