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BuzzHouse: Structuring and underwriting multifamily housing deals in the current equity market
Aug. 3, 2021
Baker Tilly's podcast series specifically for professionals in the multifamily housing industry
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.
Special guest
Philip Porter, Vice President of Syndication at Enterprise Community Investment
Philip has been involved with multifamily housing since 1992 where he managed market-rate housing, underwrote HOME loans and developed and managed affordable housing. Since joining Enterprise in 2001 he has managed the investment of over $3 billion low-income housing and historic tax credit equity in 327 developments with over 25,300 homes across the U.S.
BuzzHouse hosts
Donald N. Bernards
Donald Bernards, principal in the real estate group with Baker Tilly, has been active in many aspects of affordable housing since 1999.
Garrick Gibson
Garrick Gibson is a principal with Baker Tilly’s development and community advisory practice. He has more than 15 years of experience, specializing in partnership tax concepts and tax incentivized real estate for development projects.
