Year 15 Strategies for a LIHTC Partnership
Alvin Lee, CPA
Principal
Novogradac & Company LLP
Alvin Lee is a principal in the San Francisco office of Novogradac & Company LLP, where he specializes in real estate and renewable energy transactions by providing audit, tax, forecasting and consulting services for developers, syndicators and investors. He has extensive experience with financial modeling and financial statement reporting for renewable energy tax credit (RETC) and low-income housing tax credit (LIHTC) transactions. He earned his bachelor’s degree in business administration from the University of California, Berkeley. He is licensed in California as a certified public accountant.
Tim Flint
Director
Tax Credit Group of Marcus & Millichap
Tim Flint is a director at Tax Credit Group and a member of Marcus & Millichap’s National Multi Housing Group. His primary focuses are transaction execution, business development and client service delivery. Mr. Flint has been an investment associate with TCG since 2007 and has been instrumental in closing more than $5.2 billion in LIHTC real estate. Before joining the team, Mr. Flint worked at Fidelity Investments in their mutual fund and equities trading department. He holds a degree in criminal law and business from Weber State University.
Cliff McDaniel
Executive Managing Director
ARA Newmark-National Affordable Housing Group
Cliff McDaniel serves as an executive managing director within the Affordable Housing Group of ARA, A Newmark Company’s Houston office. He has become an expert in the low-income housing tax credit (LIHTC) arena and regularly speaks on panels concerning the valuation of LIHTC properties. Mr. McDaniel’s in-depth knowledge of the qualified contract process (QCP) and right of first refusal (RoFR) process, as well as Year 15 sales options, has allowed him to create unique and creative opportunities for his clients. He maintains good relationships with general partners and limited partners, which has allowed him to help negotiate and resolve contentious issues with parties that have diverging interest. Mr. McDaniel’s clients include Trammell Crow Residential, AIG, AIMCO, Wood Partners, Morrison Grove, Wentwood Capital and Boston Financial, as well numerous local and regional general partners.
Shawn McKenna
Founder and CEO
ProLink Solutions
Shawn McKenna is the founder and CEO of ProLink Solutions, a company that specializes in enterprise solutions for housing finance agencies and businesses in the financial services sector. With a background in banking, finance and software development, Mr. McKenna has a long and proven track record as an entrepreneur and innovator, and ProLink has won many accolades under his leadership. Mr. McKenna has led the company to create award-winning solutions for its clients. Implementations of ProLink software have earned several HFAs recognition from NCSHA. The company was also recognized in 2013 as one of the Inc. 50/5000 List of the fastest-growing companies in the United States.
Thomas Morton
Partner
Pillsbury Winthrop Shaw Pittman LLP
Tom Morton is a partner in the law firm's tax practice and is located in the Washington, D.C., office. He has been extensively involved in structuring tax-advantaged equity investment transactions throughout the United States. His work has primarily focused on representing corporate investors in developments qualifying for the low-income housing tax credit (LIHTC) and/or the historic rehabilitation tax credit (HTC), and more recently structured several dispositions of large portfolios of interests in LIHTC properties. Mr. Morton has also served as an arbitrator in resolving disputes between developers and equity investors in LIHTC developments. Mr. Morton’s experience also includes providing federal income tax and financing advice in connection with projects intended to qualify for the energy investment tax credit (ITC) and the production tax credit (PTC) for electricity produced from renewable resources, including advising clients regarding the energy credit/cash grant program. His energy-related work has included providing tax structuring advice in connection with projects combining energy credits with other federal income tax credits and energy credit facilities with tax-exempt involvement. Mr. Morton is also experienced in representing investors in transactions qualifying for the HTC and the new markets tax credit (NMTC). In addition to his tax credit-related investment work, Mr. Morton has represented large corporations, airlines and financial institutions serving as lessors, lessees and lenders in leveraged, operating and synthetic equipment leasing transactions involving aircraft, railcars, computer systems and other equipment.