Terri Preston, principal with Baker Tilly has been with the firm since 2001. Terri is a principal on the transactions team. She has worked in the commercial and real estate finance industry since 1987. Terri has been a primary author in the writing of the New Markets Tax Credit (NMTC) applications with which Baker Tilly has been involved and leads its asset management and impact assessment teams. She has underwritten and participated in the closing of multiple NMTC and Low-Income Housing Tax Credits (LIHTC) transactions.
In addition to working as part of a team that constructed the compliance software now in use by the State of Wisconsin to monitor Section 42 housing, Terri has worked directly on other compliance-related programs. She worked with the IRS in developing the compliance guide for Section 42 of the Internal Revenue Code.
Terri also worked with the CDFI Fund relative to specific issues such as duplication of project reporting in CIIS (the Community Investment Impact System). She was also the founder and a primary participant of the Community Impact Working Group, an industry working group hosted by Baker Tilly, which focused on developing best practices in the measurement of community impact both pre- and post-project funding.
She is a member of numerous national boards focused on economic and housing development. Utilizing this experience, Terri and other staff at Baker Tilly work closely with Baker Tilly’s NMTC and affordable housing (as it may apply) clients to develop business strategy, underwrite and place allocation, develop and implement impact assessment and compliance systems, and conduct client and project audits.
University of Wisconsin – Madison
Master of Arts
University of Maryland – College Park
Housing and Community Development Executive Program
National Development Council – Economic Development Professional Certification
NAHB – Housing Credit Certified Professional