NPH Brown Bag – 2015 LIHTC Audit & Tax Season Debrief & Proactive Planning for 2016

Thursday, June 25, 2015
12:00 to 2:00 PM (Lunch is provided at 11:30 a.m. for extra time to eat and network)
NPH Conference Room, 369 Pine Street, Suite 310, San Francisco (Montgomery BART)

With the 2015 audit and tax season behind us, we are going to revisit best practices and technical issues that are relevant not only to affordable housing developers and property managers, but also to asset managers, equity investors, and third-party lenders.

In this workshop, you will gain the latest insights on changing state regulations and new standardizations and tools used among industry leaders nationally that will help you, your team and organization succeed in the next season.

Affordable Housing Industry Regulatory Changes 

Discussion on current development with California Assembly Bill 35 and Senate Bill 377and its impact.  If enacted, AB 35 will increase the amount of state low income housing tax credits by $300 million.  SB 377 will allow State credits to be “certificated”, by which nonprofit developers can act as a conduit for State credits for purposes of reducing investor tax liability and increasing the value of State credits.
 
2015 Season Debrief & Planning for 2016

• Topics to be covered include:
  • Observations from the auditor’s perspective – Lessons learned
  • Managing third-party expectations and deadlines
  • Dealing with surplus cash, distributions, and financial statement impact
  • Obtaining approvals on audits/tax returns

 STRENGTH MATTERS^®

• National best practices achieved and followed by top CFOs
• Latest updates on initiatives including:
  • Sample footnote disclosures for consolidated affordable housing developer financial statements
  •  Technical position papers on various complex transactions facing affordable housing developers
  •  New Boot Camp training program for accounting staff of affordable housing developers nationwide

Please join us for an opportunity to learn from peers as well as industry experts. Please register by Monday, June 22, as space is limited. Lunch and materials will be provided.

Convener:

James Kraft, CPA – Partner, Lindquist, von Husen & Joyce, LLP

Speakers:

• Richard Mandel, Director of Financial Consulting, California Housing Partnership (CHPC)
• David Dologite, Senior Housing Finance Consultant, California Housing Partnership (CHPC)
• Scott Seamands, CPA – Partner, Lindquist, von Husen & Joyce LLP, and Trainer,STRENGTH MATTERS^® CFO Working Group
• James Kraft, CPA – Partner, Lindquist, von Husen & Joyce, LLP