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BuzzHouse: Multifamily housing news: four updates in 14 minutes

Baker Tilly’s podcast series specifically for professionals in the multifamily housing industry

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 the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act— the latest COVID-19 stimulus package. Lastly, they share high-level takeaways from two newly released national reports.

NLIHC Out of Reach report

GAO As More Households Rent, the Poorest Face Affordability and Housing Quality Challenges report

NLIHC state and local rent assistance programs

United Way: How to cover your rent

Meet the hosts:

Donald N. Bernards, Partner at Baker Tilly

Don Bernards, the partner in charge of Baker Tilly’s housing transactions team, has been active in affordable housing since 1999. He is well-versed in tax issues, structuring affordable housing transactions and identifying major risks in a project. He has worked on affordable housing transactions in 26 states.

Garrick Gibson, Partner at Baker Tilly

Garrick Gibson, a partner on Baker Tilly’s housing transaction team, specializes in partnership tax concepts and tax-incentivized real estate for development projects. He uses his 15 years of experience to structure, model and analyze transactions, acquisitions, dispositions and reorganization of real estate, primarily representing developers.


Next Episode: COVID-19's impact on HUD financing for multifamily housing

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Resource center:

Baker Tilly specialists understand your industry and how an unplanned event such as the COVID-19 outbreak can affect your organization. Visit our real estate coronavirus resources for additional tools and advice.

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