BEGIN:VCALENDAR VERSION:2.0 PRODID:-//jEvents 2.0 for Joomla//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VTIMEZONE TZID:America/Denver X-LIC-LOCATION:America/Denver BEGIN:DAYLIGHT TZOFFSETFROM:-0700 TZOFFSETTO:-0600 TZNAME:MDT DTSTART:19700308T020000 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0600 TZOFFSETTO:-0700 TZNAME:MST DTSTART:19701101T020000 RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT UID:d1b02fe72777a2d57df6da00bc967b0e38 CATEGORIES:Events SUMMARY:Understanding Tax Credit Income Averaging Webinar DESCRIPTION:
Understanding Tax Credit Income Aver aging
In 2018 a new tax credit minimum set aside was added, the Income Average Test. It is anticipated that many owners will take adva ntage of important advantages this set-aside will provide. How does this se t-aside work? Does it really allow up to 80% income limits at a tax credit property? What are the benefits and potential pitfalls of the new option? H ow does the Available Unit Rule work with averaging? These and many more qu estions will be addressed during this coverage of Income Averaging. The Cos tello Companies have developed and are managing several Income Averaged pro perties and are eager to share what they have learned in this session. All attendees will receive downloadable course manual chock full of handy refer ences and useful tools and will leave better equipped as housing profession als!
Scott Michael Dunn< br />Chief Executive Officer/Owner, Costello Compliance
Scott Michael brings almost over three decade
s of direct experience in affordable housing management, auditing and train
ing. He has worked with well over half of the state LIHTC agencies, many HO
ME participating jurisdictions, and HUD and Rural Development agencies. A r
ecognized expert in the industry, Scott Michael has been published in numer
ous trade periodicals and is the author of several textbooks and regulatory
manuals on various affordable housing programs. Besides his own subject ma
tter expertise, he also has a proven track record of designing systems that
leverage teams to review and ensure compliance while delivering excellent
regulatory results and training.
Scott Michael first joined the Costel
lo Companies in 1990 and served as manager for a portfolio of almost 300 un
its in Watertown, SD. This portfolio had units funded by all major housing
programs, and he gained extensive experience in practical application of re
gulatory compliance rules in this role. This prepared him to assist in foun
ding Costello Compliance in 2000. During time away from the Costello Compan
ies from 2004 to 2015, Scott Michael served as executive vice president of
Zeffert & Associates, a firm that operates nationally to provide regula
tory compliance services to general partners, investors, state and federal
agencies. There he oversaw the entire firm. During his tenure, Zeffert grew
an average of over 20% annually and ended up employing over 50 compliance
professionals and support staff. Scott Michael was honored to rejoined the
Costello Companies as Director of Policy in 2015. Working in cooperation wi
th the Chief Operating Officer, he oversees the Regional Managers and bring
s a wealth of practical application to the products offered by the Costello
Companies. In 2017, Scott Michael also became CEO and owner of Costello Co
mpliance. He oversees and is assisted by Costello’s expert compliance staff
in the development and refining of all file review and training products.<
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Members: $99 Non-Memb ers: $139