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BuzzHouse: A Baker Tilly Podcast
33 minutes | Oct 11, 2021
State of the debt market for multifamily housing
Two industry professionals join us to discuss the current state of the debt market. More specifically, COVID-19’s impact on underwriting changes and stress testing on construction loans; requests for forbearance; market rates; and what Fannie Mae and Freddie Mac are doing in the workforce housing space.
16 minutes | Sep 13, 2021
NLIHC’s 2021 ‘The Gap’ report addresses a shortage of affordable homes
There are 10.8 million extremely low income renters, but only four million homes that are both affordable and available to them. Dan Threet of the National Low Income Housing Coalition (NLIHC) shares key findings from the research team’s 2021 “The Gap” report, demographics of people facing severe housing shortages and housing trends he has taken note of over the past several reports.
22 minutes | Aug 30, 2021
Housing champion breaks down President Biden’s proposed HUD budget increase
In May 2021 President Biden released the proposed budget for the U.S. Department of Housing and Urban Development (HUD) – a 15% increase from FY21. If passed, the budget would provide significant investments in affordable housing.We invited Denise Muha, housing advocate and Executive Director of National Leased Housing Association (NLHA) to explain the budget framework, next steps in Washington and overall outlook for housing spend. She also shares what long-term housing goals she is working on and NLHA’s top legislation priorities for the industry this year.
12 minutes | Aug 16, 2021
Multifamily housing Q2 2021 market update
With strong economic growth demonstrated in the second quarter of 2021, there are a lot of reasons to be optimistic about the multifamily housing sector. On this episode, we discuss the quarter’s trends as it relates to COVID-19, acquisitions and activity and the outlook for the coming quarter.
29 minutes | Aug 3, 2021
Structuring and underwriting multifamily housing deals in the current equity market
From inflation to new legislation, there are a lot of changes in the market that are impacting multifamily housing deals. On this episode, we welcome Philip Porter of Enterprise Community Investment to share what developers need to be thinking about amid new bond deal laws, the fixed 4% tax credit rate, income averaging and state low-income housing tax credits. He shares how underwriting has changed over the past 12-18 months and gives his recommendations for developers to successfully tackle new projects within the current equity market.
16 minutes | Jul 19, 2021
State and local governments to play a key role in housing investment utilizing American Rescue Plan funds
On this episode, learn what funding sources state and local governments are receiving from the American Rescue Plan Act of 2021 and plans for how that money will be spent, as well as the strategies municipalities are using to drive housing and community development projects. As communities work to develop their spending plans, don’t miss an explanation of the five areas of eligible spending categories outlined by the U.S. Treasury.
36 minutes | Jul 8, 2021
Housing advocate breaks down multifamily housing programs proposed by the Biden administration
Our hosts welcome David Gasson, a housing advocate who consults with Congress members regularly on housing issues and policies, to share how recently proposed federal plans will affect the housing industry.David opens the curtain to what is happening on Capitol Hill and the provisions being discussed in the bipartisan infrastructure deal, American Jobs Plan and Affordable Housing Credit Improvement Act, as well as the key takeaways of the requested HUD budget increase. Most importantly, David shares how you can become an advocate to help get legislation passed in Washington.**Recording date: July 1, 2021
21 minutes | Jun 21, 2021
Repositioning for PHAs – explained
Are you a public housing authority (PHA) looking to reposition for the very first time? Or maybe you’ve closed a deal but still have some PHA units in your portfolio and want to know your options? This episode takes a look at what repositioning is, how it’s different from recapitalization and what you need to do to get started. Listen to learn more about PIH Notice 2021-07 and what’s new in the world of repositioning.
22 minutes | Jun 7, 2021
How developers can mitigate rising construction material costs amid lumber price hikes
Lumber prices have soared, tripling over the past 12 months forcing developers to adjust project plans and bids accordingly. As reported by the National Association of Home Builders, the price of an average new single-family home has increased by $35,872. Despite low interest rates, these high construction costs can be a game changer for a project’s bottom line. In this episode our multifamily housing specialists share how you can mitigate material cost increases, what you should think about if currently bidding a job or projecting a future bid, how to identify project scope items for efficiencies and when the lumber cost increase is expected to stabilize.
22 minutes | May 24, 2021
What the American Jobs Plan could mean for the future of multifamily housing
The housing provision of President Biden’s infrastructure plan—officially titled the American Jobs Plan—includes a $213 billion investment in housing. From proposed expansion of the 9% credit to modifications to the 10-year hold rule, Don Bernards and Garrick Gibson share the specifics of the plan and how it stands to impact you.Episode links: The White House’s American Jobs Plan Fact SheetConnect with our hosts: Don Bernards and Garrick GibsonFor articles, webinars and additional Baker Tilly resources for multifamily housing professionals, visit bakertilly.com.
13 minutes | May 10, 2021
Multifamily housing Q1 2021 market update
Market intelligence equips owners and developers with meaningful market advice for their real estate portfolios. On this episode, listen to the multifamily housing market trends, transaction activity, analysis and outlook from the first quarter to ensure your next venture is a smart one. Plus, understand how inflation may impact the multifamily housing industry so you can get ahead of it.
14 minutes | Apr 26, 2021
One-year anniversary! Favorite moments, Bose headphones giveaway and the year’s most impactful industry changes
BuzzHouse is celebrating one full year of podcasting! On this anniversary episode Don and Garrick reminisce on the past year, sharing their favorite memories and episodes. In addition, they talk about the most notable industry changes that have, and will continue to have, the biggest impact in the multifamily housing industry.Giveaway details: To celebrate one year of podcasting, we are giving away one pair of BuzzHouse-branded Bose quiet comfort noise cancelling headphones to one lucky listener! To enter the giveaway, visit the Baker Tilly US LinkedIn page and find our post sharing this episode. React to the post using the “like” button by April 30th. One winner will be selected at random and you will only be contacted if you’ve been selected.
33 minutes | Apr 13, 2021
IRS hearing on average income and 4% rate with tax attorney Glenn Graff
Tax attorney and industry titan, Glenn Graff joins BuzzHouse fresh off the March 24 Internal Revenue Service (IRS) public hearing on proposed regulations related to the average income test for low-income housing tax credit (LIHTC) properties. Glenn shares his key takeaways from the hearing and touches on other hot button issues dealing with affordable housing including additional clarification around Notice 2021-12 and the 4% locked credit rate.
16 minutes | Mar 29, 2021
Rising lumber costs due to COVID-19 causes a shift in multifamily housing design trends
With COVID-19 greatly impacting supply chains and construction material prices, multifamily housing developers are getting creative to combat costs. Jason Korb of Korb + Associates Architects shares the architectural design changes he is seeing in the multifamily housing industry, such as a move towards mass timber and carbon neutral concrete. Hear COVID-19-inspired design features, recommended material choices for your projects and growth areas in sustainable design.
19 minutes | Mar 15, 2021
Should you consider twinning LIHTC and historic tax credits in a transaction?
The act of combining (or “twinning”) tax credits, such as the low-income housing tax credit (LIHTC) and historic tax credit (HTC), can offer developers an opportunity to bridge a funding gap and improve the rates of return on transactions for investors. This episode explains the benefits a twinned structure in an affordable housing development and the key differences in pricing, structures, debt execution and cash flow to help you decide if twinning LIHTC and HTC is the right move for your next transaction.
15 minutes | Mar 1, 2021
Highlights of the tax-exempt market for affordable housing deals
A leading investment banker shares insight into the current tax-exempt market, 80/20 tax-exempt bond transactions, example structures for states with Volume Cap to achieve government bonds, amortization terms, and products for Year 15 acquisitions and refinances.
27 minutes | Feb 15, 2021
Public housing portfolios to benefit from recent HUD notice expanding RAD/Section 18 blends
On Jan. 19, 2021, the U.S. Department of Housing and Urban Development (HUD) issued PIH Notice 2021-07 regarding public housing repositioning and Rental Assistance Demonstration (RAD) Section 18 blends, the eligibility for tenant-protection vouchers and associated application requirements. To grasp exactly how this notice will affect the public housing industry, we brought in housing veteran Pat Costigan to give us an overview of the notice and the game changers that could strengthen your portfolio.
19 minutes | Feb 1, 2021
Social service programs provide positive financial impact on affordable housing communities
If a social service program saves even two residents per month, it would equate to $60,000 a year in savings. Social service programs give the tenant population the ability to enhance behaviors that drive value-based living, which can further advance the social and economic contributors to a community development and a tenant’s personal financial position. In this episode, President/Executive Director of Rainbow Housing, Flynann Janisee, answers why social services are an important part of affordable housing, which areas need social service programs the most, and what developers should consider when thinking about implementing a social service program within their projects.
22 minutes | Jan 18, 2021
PPP update and guidance following the second round of PPP funding
Round two of the Paycheck Protection Program (PPP), also referred to as PPP2, was renewed as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The $900 billion relief package includes $284 billion towards the new round of PPP loans, providing more avenues of relief for small businesses. Find out if you are eligible for funding, learn the acceptable uses for PPP funding and understand the parameters for forgiveness and tax deductions.
19 minutes | Jan 4, 2021
Maximize your tax benefits with these tax-efficient strategies for multifamily developers
Reaching your financial goals starts with an efficient investment strategy. On this episode, we discuss the tax-efficient strategies that should be in your back pocket during the upcoming tax season. You’ll learn the depreciation and cost segregation strategies that will help you increase cash flow in the short-term, while maximizing tax savings over time. Make sure you are analyzing the right things as you take a strategic look at your portfolio of assets.
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