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AFFORDABLE HOUSING SERIES: Upcoming Webinars and Events

Save the date for McKonly & Asbury’s upcoming summer and fall events that will be led by the Affordable Housing team! M&A’s summer has been stacked with a three-part Affordable Housing webinar series that will touch on low-income housing tax credits (LIHTC), audit and financial statement essentials, and acquisition/rehab and first year credits. Following the summer series, the fall will feature an in-person seminar led by the Affordable Housing fan favorite, A.J. Johnson. See the details of the mentioned upcoming events below to learn more, mark the calendar, and register today!

WEBINAR #1: Low-Income Housing Tax Credits 101

Join us for the first webinar in our 3-part summer Affordable Housing webinar series! During this first webinar, Partner Elizabeth Harriger will provide an overview of the process for obtaining Low-Income Housing Tax Credits (LIHTCs). This discussion of milestones during the LIHTC process includes the 10% Test, Development Cost Certification, and 8609 Issuance. Calculating the LIHTCs will also be covered during this online presentation.

Attendees of this McKonly & Asbury Webinar will gain insight on the following:

  • An introduction to the tax credit application process
  • An understanding of the milestones from application through 8609 issuance
  • An understanding of how to calculate the LIHTCs

ADDITIONAL DETAILS

Thursday, July 18 at 2 PM EST

This free, one-hour webinar will take place on Thursday, July 18 at 2:00 p.m. EDT. One “Tax” CPE credit is available for this webinar. The level for this webinar is basic and no prerequisites are required. This program is a live webinar which offers the opportunity to ask questions and interact with the presenters.

WEBINAR #2: Affordable Housing Audit and Financial Statement Essentials

Join us, Partner Gary Dubas and Principal Jackie Winchell, for a webinar designed to deepen your understanding of the auditing process for affordable housing developments and master the essentials of their financial statement preparation. This second session in our webinar series will equip you with the critical tools and knowledge needed to ensure your organization’s financial statements are accurate, compliant, and easily understood by all stakeholders. We intend to share practical tips and tricks from our experience auditing organizations in this unique and challenging industry to help you learn to navigate audits with confidence, as well as provide clear, transparent financial information that meets regulatory standards and supports informed decision-making.

We will explore the nuances of affordable housing audits, including an overview of their unique challenges and the key regulatory requirements that govern them. You’ll learn about common audit findings and how to effectively address them. We’ll delve into the essentials of financial statement preparation, and help you gain insights into best practices that provide accuracy and transparency in your financial reporting. Lastly, we’ll cover common mistakes to avoid, providing you with a solid foundation for producing reliable financial statements and ensuring a smooth audit process.

Attendees of this McKonly & Asbury Webinar will gain insight on the following:

  • A better understanding of financial statements of affordable housing entities.
  • Knowledge of the audit process of affordable housing entities and how to prepare for an audit.
  • Financial reporting best practices that comply with the various regulatory requirements impacting this industry.

ADDITIONAL DETAILS

Thursday, July 25 at 2 PM EST

This free, one-hour webinar will take place on Thursday, July 25 at 2:00 p.m. EDT. One “Specialized Knowledge” CPE credit is available for this webinar. The level for this webinar is basic and no prerequisites are required. This program is a live webinar which offers the opportunity to ask questions and interact with the presenters.

WEBINAR #3: Acquisition/Rehab First Year Credits

During the final webinar in our 3-part summer Affordable Housing webinar series, Bette Newcomer, Director of Compliance for MLCM, will lead the discussion on the procedures and steps to obtain first year tax credits, as well as meeting the Applicable Fraction.

Attendees of this McKonly & Asbury Webinar will gain insight on the following:

  • The difference between Acquisition and Rehab Placed-In-Service Dates
  • Generating Credits for Acquisition and Rehab
  • Tracking Qualified Units

ADDITIONAL DETAILS

Thursday, August 1 at 2 PM EST

This free, one-hour webinar will take place on Thursday, August 1 at 2:00 p.m. EDT. One “Specialized Knowledge and Applications” CPE credit is available for this webinar. The level for this webinar is intermediate and no prerequisites are required. This program is a live webinar which offers the opportunity to ask questions and interact with the presenters.

SAVE THE DATE: Fall 2024 Affordable Housing Seminar

The Affordable Housing Seminar hosted by A.J. Johnson, President of A.J. Johnson Consulting Services, Inc., will be held in-person on November 7, 2024. More details will be available this fall, so save the date!

About the Author

Elizabeth Harriger

Elizabeth is a Partner with McKonly & Asbury as well as the Director of our firm’s Affordable Housing Services. She has over twenty years of extensive audit, tax, and consulting experience in the affordable housing industry. Elizabe… Read more

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