speaker-info

John Ries

Partner, Mahoney Ulbrich, Christiansen & Russ, P.A.

John Ries is the partner in charge of tax credit services at Mahoney Ulbrich, Christiansen & Russ, P.A. a Saint Paul, Minnesota certified public accounting firm. He is a graduate of St. John’s University (Minnesota) and holds a Master of Business Taxation (MBT) degree from the University of Minnesota. John has over 30 years of experience in public accounting.

John specializes in the taxation and structuring of real estate transactions, utilizing low-income housing tax credits, historic rehabilitation tax credits, and new markets tax credits. He represents a variety of participants in the housing tax credit industry including local development companies, non-profit housing providers, property managers, tax credit investors, local housing agencies and Indian housing authorities. He has been involved in over 350 housing tax credit projects in 25 different states.

His involvement includes some or all of the following in each project.

  • Application for tax credits
  • Analysis of eligible basis
  • Deal structuring i.e. pricing, pay-ins, IRR, developer fees, etc.
  • Tax-exempt bond financing
  • Analysis of Partners’ Capital Accounts under Section 704(b)
  • Preparation of financial forecasts and projections
  • Tax research
  • Cost certifications
  • 10% carryover basis certifications
  • Debt modification and COD calculations
  • Compliance monitoring assistance
  • Annual project audits (HUD, MHFA, other)
  • Partnership/LLC/LLP tax returns.

John is a member of the American Institute of Certified Public Accountants, the Minnesota Society of Certified Public Accountants, and the Minnesota Multi Housing Association. Mahoney Ulbrich Christiansen & Russ is a member of the National Council of State Housing Agencies.

My Sessions

Year 15 Exit Issues

Mirage Room

Year 15 is an important time for Low-Income Housing Tax Credit (LIHTC) properties. Partners must make decisions on the future of the property, but it is a complicated process and gets more complex the longer you wait. This panel will give a high-level overview of the year-15 exit process, including when to begin, what is […]

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