Multimedia

BuzzHouse: Exploring LIHTC trends and underwriting changes in today’s market

April 11, 2023 · Authored by Garrick Gibson, Donald N. Bernards

Baker Tilly's podcast series specifically for professionals in the multifamily housing industry.

On this episode of BuzzHouse, hosts Don Bernards and Garrick Gibson are joined by Rachel Rhodes of the National Equity Fund. She shares some insight into what’s going on in the world of Low-Income Housing Tax Credits (LIHTC) and changes with underwriting. She also touches on the macro effects of the Silicon Valley bank shutdown, current trends we’re seeing in this space as well as exploring how investors are looking at the Inflation Reduction Act and the additional credits.

Special guest

Rachel Rhodes | National Equity Fund (NEF)

Rachel Rhodes is Senior Vice President and Head of LIHTC Production for the National Equity Fund (NEF), overseeing all LIHTC investment activity. NEF is a Chicago-based national tax credit syndicator with a portfolio of approximately $23 billion in equity investment across the country. Prior to joining NEF fifteen years ago, Rachel worked for JPMorgan Chase Community Development Real Estate, where she was Vice President of permanent lending for tax credit developments throughout the Midwest and nationwide. Prior to her tenure at Chase, she was a Team Leader in the Multifamily Finance Department of the Illinois Housing Development Authority, providing taxable and tax-exempt financing, as well as Trust Fund and HOME loans for properties across Illinois. Rachel is a graduate of the University of Chicago Booth School of Business and Brown University.