Podcast

BuzzHouse: Rent collections, making attractive deals and fixed tax credit percentages

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

With unemployment rising to an ultimate 14.7% rate, many multifamily housing developers and owners are interested in what future rent collections will look like. Join Don Bernards and Garrick Gibson as they speak to these upcoming rent collections, as well as how to make your deal more attractive for a tax credit investor, and what developers can do to help mitigate the current drop in investor pricing.

As the multifamily housing industry pushes for a fixed 4% tax credit and lower requirements for the 50% test, Garrick will explain the key factors driving this and recommend some talking points when addressing legislators.

Don and Garrick will also dive into what the next round of proposed COVID-19 legislation could mean for you, including a housing assistance fund and emergency rental assistance.

Meet the hosts:

Donald N. Bernards, Partner

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

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: Action steps for developers when dealing with projects in construction during COVID-19

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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 Resource Center for additional tools and advice.

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Next up

BuzzHouse: Should you refinance your multifamily property amid COVID-19?