Casualty Losses and Ability to Claim LIHTCs

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Given the number of natural disasters that occurred during 2017, this webinar replay will provide the rules governing whether low income housing tax credits (LIHTCs) are allowed or disallowed when a project is out of service due to a casualty event. It will detail what factors determine the allowance or disallowance of LIHTCs and discuss timing issues that may mitigate the potential loss of LIHTCs.

Participants in this webinar replay will:

    • Evaluate the impacts of claiming LIHTCs based on timing of the casualty event and the project restoration period
    • Recognize differences in the casualty event rules for properties located within a Federally-Declared Disaster Area
    • Gain insight regarding claiming LIHTCs after casualty events through scenarios and recent real-world examples

Speaker(s): Terry Kim and Nicholas Czibur, CohnReznick, and Oke Johnson, LEDIC Realty Company, LLC

NAHB Continuing Education: 1.0 hours of continuing education credit for the HCCP designation and for the following 12 designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP, MIRM.

Cancellation and Refund Policy: No refunds are issued for webinar replays upon purchase. However, NAHB regularly reviews these products and reserves the right to remove replays that are no longer current. If you are unable to view a replay during your 12-month access period, please contact Deborah Krat at EdWebinars@nahb.org. 

Bob Landis (Moderator)

Senior Vice President, Syndication, Community Affordable Housing Equity Corporation

Bob Landis is Senior Vice President of Syndications at Community Affordable Housing Equity Corporation and served as the 2017 Chair of the Housing Credit Certified Professionals Board of Directors.

Terrance Kimm

Retired Partner and Consultant, CohnReznick

Terry is a retired partner and consultant of CohnReznick, and has more than 30 years of experience providing accounting and tax services to syndicators, investors, developers, and high-net-worth individuals.  

Nicholas Czibur

Certified Public Accountant and Tax Manager, CohnReznick

Nicholas Czibur is a Certified Public Accountant and a Tax Manager with CohnReznick. He has over 5 years of real estate and partnership taxation experience.  Nicholas focuses on servicing clients in the low-income housing industry and commercial real estate industry.  

Oke Johnson

Managing Director of Compliance Services, LEDIC

Oke Johnson serves as the Managing Director of Compliance Services for LEDIC. Oke is responsible for cultivating new business and ensuring the successful management of the LEDIC Compliance Department and has over 18 years of experience in residential property management, specializing in properties with Low Income Housing Tax Credits.

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Recorded 12/14/2017
Recorded 12/14/2017 Please select the arrow in the top left corner to launch the replay.
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