Novogradac Services

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Meet the Partners of Novogradac & Company LLP and its Affiliated Companies

Michael J. Novogradac, CPA
Michael J. Novogradac, CPA Michael Novogradac

Michael Novogradac is the managing partner in the San Francisco office of Novogradac & Company LLP. He has more than 25 years of experience specializing in affordable housing, community development and renewable energy. Mr. Novogradac’s focus is in real estate taxation and accounting. He is the author of numerous real estate-related tax and accounting articles and books, including the New Markets Tax Credit Handbook and the Low-Income Housing Tax Credit Handbook. A frequent speaker at tax credit conferences and forums throughout the country, Mr. Novogradac is very active in advocating for the inclusion of affordable housing, historic, new markets and renewable energy tax credits in federal and state policy and broadcasts a weekly podcast that focuses on tax credit issues. In addition, he serves as advisor on industry and governmental affairs for the NMTC Working Group and the LIHTC Working Group. Mr. Novogradac also serves on the executive committee of the Housing Advisory Group and the boards of directors of the Affordable Housing Tax Credit Coalition, the National Housing Conference, the NMTC Coalition and Historic Tax Credit Coalition, as well as being an original member of the National Multifamily Housing Council’s Affordable Housing Committee. He previously served on the boards of directors of A Hand Up and the Berkeley Chess School, the board of governors of the California Housing Consortium, as an advisory board member of the National Leased Housing Association, the Federal Housing Policy Council and Housing and Development Reporter. He was also a member of the National Housing & Rehabilitation Association NMTC Steering Committee, the National Trust for Historic Preservation Tax Policy Council and the California State Treasurer's Housing Finance Advisory Board, as well as a board member and chief financial officer of the Housing Industry Foundation. Mr. Novogradac graduated from the University of California, Los Angeles, with a bachelor’s degree in economics. He received an MBA from the University of California, Berkeley. He is licensed in California, Oregon, Maryland and Texas as a certified public accountant.

Richard B. Hutchins, CPA
Richard B. Hutchins, CPA Richard Hutchins
Richard Hutchins is a partner in the San Francisco office of Novogradac & Company LLP. He has more than 25 years of experience specializing in real estate taxation, capital formation using pass-through entities and tax-saving techniques for high-net-worth individuals. Mr. Hutchins’ clients include market-rate and affordable housing partnerships, real estate developers, investment partnerships and high-net-worth individuals. Prior to joining Novogradac & Company LLP, he was an experienced tax manager with Ernst & Young LLP. Mr. Hutchins received a bachelor’s degree in accounting and master’s in accounting from Brigham Young University. Mr. Hutchins is a member of the Novogradac & Company LLP executive committee and is licensed in California as a certified public accountant.

Jon E. Krabbenschmidt, Esq., CPA
Jon E. Krabbenschmidt, Esq., CPA Jon Krabbenschmidt
Jon Krabbenschmidt is a partner in the San Francisco office of Novogradac & Company LLP. Mr. Krabbenschmidt joined Novogradac in 1991 and became a partner in the San Francisco office in 1992. Prior to joining Novogradac, Mr. Krabbenschmidt was a tax manager in the San Francisco office of Arthur Andersen & Company. He then spent five years directing financial product design and taxation for a San Francisco-based REIT organizer. Mr. Krabbenschmidt received a bachelor’s degree in business management with an emphasis in accounting, graduating in 1976 from California State University, Chico. In 1979, he received his juris doctor from the University of San Francisco and became a licensed attorney in California. He then received his license as a certified public accountant in California in 1982. Mr. Krabbenschmidt specializes in real estate and partnership accounting and taxation, assisting clients with accounting and tax compliance as well as various other consulting and tax planning activities, including review and drafting of partnership agreements, consulting on organizational structuring, financial forecasting and cost segregation studies. His clients include high-net-worth individuals, trusts and estates, market rate and affordable housing partnerships and developers, renewable energy developers and investors, new markets tax credit developers, historic tax credit developers and vineyards and wineries. He serves as the Novogradac’s general counsel and provides expert witness services and litigation support services. He has performed expert witness services in California, Colorado, Illinois, Florida, Texas, Louisiana and Nevada federal and state courts as well as arbitration cases.

Stephen B. Tracy, CPA
Stephen B. Tracy, CPAStephen Tracy
Stephen Tracy is a tax partner in the San Francisco office of Novogradac & Company LLP. He serves clients extensively in the renewable energy and real estate industries where he specializes in providing transaction advisory, accounting, tax and consulting services in connection with projects that qualify for federal and state tax credits such as the low-income housing tax credit (LIHTC), energy investment tax credit (ITC), production tax credit (PTC), historic rehabilitation tax credit (HTC) and new markets tax credit (NMTC). As practice leader of the firm’s renewable energy practice, Mr. Tracy serves a wide array of clients that develop, finance, own and operate renewable energy facilities that produce electricity utilizing solar, wind, geothermal, biomass, hydroelectricity and energy-efficiency technologies. The energy practice serves institutional investors, developers, independent power producers, utilities, system integrators/installers and manufacturers. Mr. Tracy has significant experience assisting institutional investors and developers with all aspects of financing renewable energy and real estate projects. Specific services include financial structuring, tax and generally accepted accounting principles advisory and preparation of financial models that optimize all sources of project-level capital, including tax equity financing, conventional and municipal debt (taxable and tax-exempt), sponsor equity and state and local incentives. Mr. Tracy is a co-author of the Novogradac Renewable Energy Tax Credit Handbook, has written numerous articles on renewable energy, affordable housing and other real estate related topics and is a frequent speaker at industry events. He also serves as chairman of Novogradac & Company’s two annual renewable energy conferences. Before joining Novogradac & Company LLP, Mr. Tracy worked for Arthur Andersen & Company, focusing primarily in the real estate, investment banking and equipment leasing industries. He received his bachelor’s degree in business administration with an emphasis in finance and real estate from San Francisco State University. He is licensed in California as a certified public accountant.

Daniel J. Smith, CPA
Daniel J. Smith, CPADan Smith
Daniel Smith is a partner in the Dover, Ohio, office of Novogradac & Company LLP. Mr. Smith has extensive experience in affordable housing, community development and renewable energy, assisting developers and investors in maximizing the benefits of low-income housing (LIHTC), historic rehabilitation (HTC), new markets (NMTC) and renewable energy tax credits (RETC). He also practices extensively in secondary market transactions with a focus on due diligence, forecasting and consulting to maximize the benefits of such transactions. He is a frequent speaker at industry sponsored conferences and workshops, is a co-author of the firm's Renewable Energy Tax Credit Handbook and serves as the technical editor of the monthly Novogradac Journal of Tax Credits’ renewable energy tax credit content. Mr. Smith earned his bachelor's degree in accounting from the University of Akron. He is licensed as a certified public accountant in Ohio.

Michael G. Morrison, CPA
Michael G. Morrison, CPAMike Morrison
Michael Morrison is a partner in the San Francisco office of Novogradac & Company LLP. Mr. Morrison has extensive knowledge of real estate, including affordable housing and federal governmental auditing requirements, including U.S. Department of Housing and Urban Development and Rural Housing Service programs. Mr. Morrison is the partner in charge of defeasance services for the firm as well as a co-founder of the LIHTC Working Group, a membership organization that addresses industry concerns and technical issues. Mr. Morrison speaks frequently at industry sponsored conferences and workshops and serves as chairman for Novogradac & Company’s annual housing finance conference in Las Vegas. Mr. Morrison earned his bachelor’s degree in business administration from the University of California, Berkeley. He is licensed in California as a certified public accountant.

Brad E. Weinberg, CVA, MAI, CCIM
Brad Weinberg, MAI, CCIMBrad Weinberg
Brad Weinberg is a partner in the metro Washington, D.C., office of Novogradac & Company LLP and heads the Government Consulting and Valuation Advisory Services (GoVal) group nationally for Novogradac & Company LLP. Mr. Weinberg has extensive experience in providing business valuation, real estate appraisal, transaction support and economic impact analysis (IMPLAN) services to both public and private sector interests. Mr. Weinberg also provides litigation support including consultation and testifying expert witness services. He also provides valuations for estate and gift tax purposes. Mr. Weinberg’s previous experience includes working as a manager in the Washington, D.C., office of Ernst & Young LLP. He received a bachelor’s degree in urban planning and a master’s degree in accounting and financial management from the University of Maryland. He holds the CVA business valuation designation from the National Association of Certified Valuators and Analysts (NACVA). Further, Mr. Weinberg is a certified real estate appraiser and is a designated member of both the Appraisal Institute and the Commercial Investment Real Estate Institute.

Owen P. Gray, CPA
Owen P. Gray, CPAOwen Gray
Owen Gray is a partner in the San Francisco office of Novogradac & Company LLP. Mr. Gray has worked extensively in all areas of real estate, with an emphasis in the low-income housing tax credit (LIHTC) and the new markets tax credit (NMTC) industries. In addition, he has thorough knowledge of the historic rehabilitation credit (HTC) and tax-exempt bond financed transactions. Mr. Gray is a frequent speaker at industry-sponsored conferences and workshops, serves as chairman of Novogradac & Company’s annual NMTC conference held in San Diego, and is the technical editor for the firm’s New Markets Tax Credit Handbook as well as for the NMTC content in the monthly Novogradac Journal of Tax Credits. He serves on the board of directors of the Historic Tax Credit Coalition. Mr. Gray earned his bachelor’s degree in accounting from Golden Gate University after serving in the U.S. Navy. He is a member of the Novogradac & Company LLP executive committee and is licensed in California as a certified public accountant.

James R. Kroger, CPA
James R. Kroger, CPAJim Kroger
James Kroger is a partner in the San Francisco office of Novogradac & Company LLP. Mr. Kroger has extensive experience in consulting for affordable housing projects financed with low-income housing tax credits (LIHTCs) and tax-exempt bonds. He conducts workshops concerning tax credit applications, tax-exempt bond applications and tax credit property compliance; and he has created a training program to help property managers become certified in IRS Section 42 tax credit property compliance. Mr. Kroger serves as the technical editor of the firm’s LIHTC Property Management Handbook as well as the technical editor on IRS Section 42 property compliance issues for the monthly Novogradac Journal of Tax Credits. He serves on the board of directors of the California Housing Consortium and is often a speaker at the housing credit conference hosted by the National Council of State Housing Agencies. He received his bachelor’s degree in legal studies from the University of California, Berkeley and his master’s degree in business administration from the University of California, Davis. Mr. Kroger is licensed in California as a certified public accountant.

George F. Littlejohn, CPA, HCCP
George F. Littlejohn, CPAGeorge Littlejohn
George Littlejohn is a partner in the Austin, Texas, office of Novogradac & Company LLP. Mr. Littlejohn specializes in commercial real estate development, with an emphasis in affordable housing. He has extensive experience in the low-income housing tax credit (LIHTC), the historic rehabilitation credit (HTC) and tax-exempt bond financed transactions, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD). He is a frequent speaker at numerous industry sponsored conferences and workshops and serves as chairman for Novogradac & Company’s annual housing conference in New Orleans. He also serves as technical editor for the firm’s Tax-Exempt Bond Handbook: A Tax Credit Practitioners Guide to Using Tax-Exempt Bonds for Low-Income Housing Tax Credit Projects. In addition, Mr. Littlejohn represents the firm as a member of the Housing Credit Group of the National Association of Home Builders. He is the immediate past president for the Texas Affiliation of Affordable Housing Providers (TAAHP), the leading organization of affordable housing professionals in Texas, representing the affordable housing industry. Mr. Littlejohn graduated from the University of South Carolina-Aiken with an undergraduate degree in business administration with an emphasis in accounting. He received a master’s degree in accounting from the University of South Carolina and is licensed as a certified public accountant in Texas and Georgia.

H. Blair Kincer, MAI, CRE

H. Blair Kincer, MAILEED Green Associate
Blair Kincer
H. Blair Kincer is a partner in the metro Washington, D.C., office of Novogradac & Company LLP in the firm’s government consulting and valuation advisory services (GoVal) group. Mr. Kincer specializes in the following primary practice areas: market analysis and appraisal of various types of mixed income and affordable housing developments, new markets tax credit (NMTC) industry consulting, historic tax credit (HTC) consulting, and market analysis and appraisal in the alternative energy industry. The real estate appraisal practice has specialized competencies in the U.S. Department of Housing and Urban Development (HUD) MAP program, HUD rent comparability studies and valuation of all tangible and intangible assets involved in affordable housing development. In the NMTC arena, Mr. Kincer specializes in various analyses involving evaluating debt and real and financial asset value/appraisal questions. Further, he has developed reasonableness opinions and market verifications of various fees and relationships to assist tax counsel with evaluating structures in light of recent IRS revenue rulings. His experience in the renewable energy industry includes solar, wind and other energy facility appraisals and impact analyses of renewable energy assets provided to affordable housing developments. Mr. Kincer, a certified LEED Green Associate, brings to his practice a broad understanding of green building technologies, best practices and the LEED Rating System. Mr. Kincer is also a member for the Counselors of Real Estate (CRE) and of the Appraisal Institute. Before joining Novogradac & Company LLP, Mr. Kincer was vice president of acquisitions for a regional developer where he specialized in financial and economic feasibility analysis. His responsibilities included finding and processing potential acquisitions for rehabilitation using tax credit and tax-exempt bond financing. Mr. Kincer served as a manager with Ernst & Young LLP, where he performed portfolio valuations, market analysis and loan pool performance reviews. His areas of specialization include retail and hospitality. Mr. Kincer received his bachelor’s degree from West Virginia University and his MBA from Duquesne University. He is a member of the Appraisal Institute and a certified general appraiser in Arizona, Connecticut, Kentucky, Maryland, Mississippi, North Carolina, New York, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, West Virginia and Wyoming.

Bentley D. Stanton, CPA, CMA
Bentley D. Stanton, CPA, CMA
Bentley Stanton is a partner in the metro Philadelphia office of Novogradac & Company LLP. He specializes in accounting and auditing of for-profit, nonprofit and public housing authorities. He has considerable experience with affordable housing projects, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD), as well as various other tax credit programs. He works with nonprofit organizations and public housing authorities, performing audits of such entities and their federal awards. Mr. Stanton frequently consults with clients on unusual or complex accounting issues. He provides accounting and audit services for tax credit syndicators, developers, qualified active low-income community businesses, renewable energy projects, nonprofit entities and local housing authorities. Before joining Novogradac & Company, Mr. Stanton was an audit senior manager with Ernst & Young LLP. He has significant SEC experience, including periodic filings, mergers and acquisitions and initial public offerings. Mr. Stanton earned a bachelor’s degree in business administration with an emphasis in finance from Brigham Young University and received a master’s degree in accounting from Utah State University. He is licensed in Georgia, California, Arkansas, Mississippi, Tennessee, Florida and Utah as a certified public accountant.

Jim McGowan, CPA
Jim McGowan, CPAJim McGowan
Jim McGowan is a partner in the Boston office of Novogradac & Company LLP. He has more than 30 years of experience in the real estate industry, with an emphasis in affordable housing. This experience includes accounting, auditing and compliance of projects subject to the regulatory requirements of the U.S. Department of Housing and Urban Development (HUD) and various state agencies, as well as developments developed using low-income housing tax credits (LIHTCs). Mr. McGowan received a bachelor’s degree in business administration from Northeastern University in Boston and is licensed in Massachusetts, California and Rhode Island as a certified public accountant.

Diana R. Letsinger, CPA
Diana R. Letsinger, CPADiana Letsinger
Diana Letsinger is a partner in the Long Beach, Calif., office of Novogradac & Company LLP. She specializes in community development and affordable housing, including the new markets tax credit (NMTC), low-income housing tax credit (LIHTC), historic rehabilitation tax credit (HTC) and renewable energy tax credit (RETC) industries. Ms. Letsinger works with investors, syndicators and developers on structuring, financing and maximizing the benefits of combined tax credit structures. She is a technical editor for the New Markets Tax Credit Handbook, a frequent speaker at industry sponsored conferences and workshops and a regular contributor to the Novogradac Journal of Tax Credits’ NMTC content. Ms. Letsinger graduated from the University of California, Berkeley, with a bachelor's degree in business administration. She is licensed in California as a certified public accountant.

Tonya Phongsavanh, CPA
Tonya Phongsavanh, CPATonya Phongsavanh
Tonya Phongsavanh is a partner in the metro Atlanta office of Novogradac & Company LLP. Ms. Phongsavanh specializes in real estate developer consulting, with an emphasis in real estate partnership audit and taxation. She also has extensive experience with equity sponsors, specializing in equity fund audit and tax consulting, and has worked extensively with low-income housing (LIHTC) and renewable energy tax credits (RETCs). Ms. Phongsavanh received a bachelor’s degree in business administration with an emphasis in accounting from North Georgia College and State University and a master’s degree in taxation from Georgia State University. She is licensed as a certified public accountant in Georgia.

John Sciarretti, CPA
John Sciarretti, CPAJohn Sciarretti
John Sciarretti is a partner in the Dover, Ohio, office of Novogradac & Company LLP where he specializes in the real estate finance, community development and renewable energy industries. Mr. Sciarretti has extensive financial experience working with businesses, including 20 years in public accounting and four years as an executive financial manager in industry. He consults with tax credit investors, syndicators and developers on structuring, financing and syndicating tax credits. He also advises clients on accounting, tax and regulatory matters. He has published articles, contributes NMTC content to the Novogradac Journal of Tax Credits and is a frequent speaker at industry events. Mr. Sciarretti earned a bachelor’s degree in finance and accounting from the University of Dayton and a master’s degree in taxation from the University of Akron. He is licensed as a certified public accountant in Ohio.

Susan Wilson, CPA
Susan Wilson, CPASusan Wilson
Susan Wilson is a partner in the Austin, Texas, office of Novogradac & Company LLP. Ms. Wilson specializes in accounting and auditing of affordable housing developments, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD), and real estate consulting for developments that qualify for low-income housing tax credits (LIHTCs) and renewable energy tax credits (RETCs). She is a frequent speaker at industry sponsored conferences and serves as chairwoman of Novogradac & Company’s annual Tax Credit Developers Conference in Florida. Before joining Novogradac & Company LLP, Ms. Wilson was president of AuditWatch of Texas, a firm specializing in providing training and consulting services to the audit profession and nationally recognized as experts in auditing. Before that, she served as a manager for Watkins Uiberall PLLC in Memphis, Tenn., where she specialized in accounting, audit and taxation in the real estate, HUD multifamily, contractor, local government, nonprofit and manufacturing industries. Ms. Wilson is a member of the board of directors of the National Leased Housing Association. She received a bachelor’s degree in business administration in accountancy from the University of Memphis and is licensed as a certified public accountant in Texas and Tennessee.

William A. Letsinger, CPA
William A. Letsinger, CPABill Letsinger
William Letsinger is a partner in the Long Beach, Calif., office of Novogradac & Company LLP. Mr. Letsinger has extensive experience in affordable housing and community development with an emphasis in the low-income housing tax credit (LIHTC) and historic rehabilitation credit (HTC). He earned his bachelor’s degree in business administration from Loyola Marymount University and his master’s degree in business administration with a concentration in accounting from San Francisco State University. Mr. Letsinger is licensed in California as a certified public accountant.

Charles A. Rhuda III, CPA
Charles A. Rhuda III, CPACharlie Rhuda
Charles A. Rhuda III is a partner in the Boston office of Novogradac & Company LLP. He has more than 25 years of experience in the real estate industry, predominately in affordable housing and historic rehabilitation. Mr. Rhuda works with tax credit developers, managers, syndicators and investors on structuring, financing, syndicating and disposing/restructuring both low-income housing (LIHTC) and historic rehabilitation tax credit (HTC) transactions, in addition to providing traditional audit and tax services. He is a frequent speaker at regional and national seminars on topics in the affordable housing and historic rehabilitation industries, as well as a contributor to industry trade publications. Mr. Rhuda graduated from Pace University with a bachelor’s degree in public accounting. He is licensed in New York, Massachusetts, New Jersey, Connecticut and Maryland as a certified public accountant.

Renee Beaver, CPA
Renee Beaver, CPARenee Beaver
Renee Beaver is a partner in the Cleveland office of Novogradac & Company LLP. She has more than 20 years of experience in the real estate industry, with an emphasis in affordable housing, historic redevelopment and renewable energy. Ms. Beaver represents both for-profit and nonprofit developers and consults with numerous investors in affordable housing in addition to providing audit and tax services. Her experience includes accounting, auditing, forecasting and compliance of developments subject to the regulatory requirements of the Low-Income Housing Tax Credit program and the U.S. Department of Housing and Urban Development (HUD). She represents developers and investors in structuring a variety of real estate transactions and is a frequent speaker at real estate industry conferences. Ms. Beaver is the treasurer on the Ohio Housing Council’s executive committee, on the board of the Cleveland Restoration Society, a member of Illinois’s and Michigan’s housing councils and active in the National Association of Home Builders. She graduated from Cleveland State University and is licensed in Ohio and Michigan as a certified public accountant.

Thomas Boccia, CPA
Thomas Boccia, CPAThomas Boccia
Tom Boccia is a partner in the Cleveland office of Novogradac & Company LLP. Mr. Boccia has more than 26 years of experience providing audit and tax services to the real estate industry, with an emphasis in commercial and residential development projects. He has extensive experience with the historic rehabilitation tax credit (HTC), new markets tax credit (NMTC), low-income housing tax credit (LIHTC), tax-exempt bond-financed transactions, U.S. Department of Housing and Urban Development (HUD) auditing requirements and providing tax and auditing services to tax credit equity funds. His experience includes working with complex financing for community development real estate developments, including using NMTCs, HTCs, public/private partnerships and other federal, state and local tax credits and incentives. Mr. Boccia also has extensive experience in preparing financial forecasts for HTC and NMTC deals as well as syndicated real estate investments. Mr. Boccia also works extensively with community development entities, tax credit equity sponsors and real estate developers. Mr. Boccia serves as the technical editor for the firm’s Historic Rehabilitation Handbook and for the HTC content of the monthly Novogradac Journal of Tax Credits. He is a speaker at industry events, and serves as chairman of Novogradac & Company’s annual Historic Tax Credit Conference. Before joining the firm, he was a partner in a firm that provided audit and tax services to the real estate industry. His responsibilities included working with clients involved in partnerships, limited liability companies and joint ventures for residential and commercial real estate ventures and hospitality developments. Mr. Boccia received a bachelor’s degree in business administration with an emphasis in accounting from Bowling Green State University. He is licensed in Ohio as a certified public accountant.

Annette Stevenson, CPA
Annette Stevenson, CPAAnnette Stevenson
Annette Stevenson is a partner in the Cleveland office of Novogradac & Company LLP. She has more than 20 years of public accounting and business advisory experience, with an emphasis on complex financing for community development real estate projects, including new markets tax credits (NMTCs), historic and rehabilitation tax credits (HTCs), public/private partnerships, and other federal, state and local tax credits and incentives. Ms. Stevenson assists her clients in transaction structuring, financial modeling, NMTC compliance and reporting, due diligence and feasibility, and navigating accounting and tax issues. Her client base includes community development entities (CDEs), real estate developers, investors, municipalities and other government entities, community development corporations, financial institutions and nonprofit organizations. Additionally, Ms. Stevenson provides a broad range of advisory services to CDEs, including transaction structuring, development and implementation of internal compliance policies and procedures, monthly loan servicing and asset management assistance, compliance review and Community Development Financial Institutions (CDFI) Fund reporting. Ms. Stevenson serves as chairwoman of Novogradac & Company’s New Markets Tax Credit spring conference in Washington, D.C. She is a nationally recognized NMTC expert and speaker who has presented to audiences across the nation. Ms. Stevenson was the 2006 president of the Cleveland Chapter of Commercial Real Estate Women (CREW) and was named to Crain’s Cleveland Business “Forty under 40” in 2009. She graduated from Cleveland State University and is licensed in Ohio as a certified public accountant. 

David L. Conway, CPA
David L. Conway, CPADavid Conway
David Conway is a partner in the Dover, Ohio, office of Novogradac & Company LLP. Mr. Conway has more than 30 years of experience in the affordable housing industry, specializing in providing accounting, auditing and consulting services for affordable housing owners, developers and syndicators. Before joining the firm in 2005, he was the chief accounting officer for a large syndicator of affordable housing and new markets investments where he had overall responsibility for corporate, tax credit fund, property accounting, tax and financial reporting functions. Mr. Conway previously worked in public accounting for 18 years, during which time his focus was in accounting, audit, tax and consulting in the affordable housing industry, with an emphasis in low-income housing tax credits (LIHTC) and U.S. Department of Housing and Urban Development (HUD)-regulated properties. He also has extensive accounting and auditing experience in the areas of state and local governments and nonprofit organizations. Mr. Conway holds a bachelor’s degree in accounting from Virginia Tech. He is licensed as a certified public accountant in Ohio and Virginia.

Paul Charron, CPAPaul Charron, CPA
Paul Charron
Paul Charron is a partner in the Walnut Creek, Calif., office of Novogradac & Company LLP. He specializes in accounting and auditing in the real estate and renewable energy industries. His experience includes accounting and auditing of affordable housing developments, real estate partnerships, limited liability companies, joint ventures for real estate developers, property owners, homebuilders and mortgage banking providers. Mr. Charron frequently consults with clients on unusual or complex accounting issues. Within the renewable energy industry, he has experience providing accounting and business advisory services to developers, syndicators and institutional investors on developments that use the investment tax credit (ITC) and the production tax credit (ITC). He also serves as technical editor for the firm’s Tax-Exempt Bond Handbook: A Tax Credit Practitioners Guide to Using Tax-Exempt Bonds for Low-Income Housing Tax Credit Projects and the GAAP for Tax Credit Investments handbook. Before joining Novogradac & Company, Mr. Charron was an audit senior manager with Ernst & Young LLP, where he served technology companies, and was an audit manager with PricewaterhouseCoopers LLP in Toronto, Canada, where he served a variety of clients in the technology, retail and consumer products, and real estate and tourism industries. Mr. Charron also worked in Switzerland and the Caribbean while at PricewaterhouseCoopers LLP. He has significant SEC reporting experience, including periodic filings, mergers and acquisitions, and initial public offerings. He received a bachelor's degree in economics from the University of Western Ontario in London, Ontario, Canada, and a master of accountancy degree from Golden Gate University in San Francisco. He is licensed in California, Delaware, Washington and Oregon as a certified public accountant.

Brad Elphick, CPABrad Elphick, CPA
Brad Elphick
Brad Elphick is a partner in the metro Atlanta office of Novogradac & Company LLP. He has extensive experience in the low-income housing (LIHTC), historic (HTC) and new markets tax credit (NMTC) programs. Mr. Elphick specializes in developer consulting with an emphasis in forecasting and partnership taxation. He also works extensively with real estate partnership audits, compliance audits, as well as the structuring of LIHTC and NMTC applications. Mr. Elphick also leads and coordinates the NMTC Working Group, a membership organization that is highly regarded for the work it does addressing technical programmatic issues surrounding the NMTC industry. He is a regular contributor to the Novogradac Journal of Tax Credits’ NMTC content, a frequent speaker at industry events, and serves as chairman of Novogradac & Company’s annual fall New Markets Tax Credit Conference. Mr. Elphick received a bachelor’s degree in business administration with an emphasis in finance from Emory University and a master’s degree in taxation from Georgia State University. He is licensed in Georgia, Puerto Rico and the District of Columbia as a certified public accountant.

Tony Grappone, CPA
Tony Grappone, CPATony Grappone
Tony Grappone is a partner in the Boston office of Novogradac & Company LLP, where he specializes in providing accounting, tax and consulting services to developers, syndicators and investors of developments that qualify for federal and state tax credits such as the low-income housing tax credit (LIHTC), historic rehabilitation tax credit (HTC), new markets tax credit (NMTC) and renewable energy tax credits (RETCs). Mr. Grappone is a frequent speaker at various renewable energy and other tax credit industry events and has contributed several articles on renewable energy to the Novogradac Journal of Tax Credits and serves as a technical editor of the firm’s Renewable Energy Tax Credit Handbook. Before joining Novogradac & Company LLP, Mr. Grappone worked at Ernst & Young LLP, specializing in partnership taxation within the affordable housing industry and servicing many of the nation’s largest tax credit syndicators and investors. In addition, he served several leading venture capital firms as well as commercial real estate developers and investors. Mr. Grappone serves as a member on the Northeastern University Undergraduate Accounting Group Advisory Board and is on the board of directors of the Women’s Institute for Housing and Economic Development. He received a bachelor’s degree from Northeastern University in Boston and is licensed in Massachusetts and New Hampshire as a certified public accountant.

Rebecca S. Arthur, MAI
Rebecca Arthur, CPARebecca Arthur
Rebecca Arthur is a partner with the Government Consulting and Valuation Advisory Services (GoVal) group and manages the metro Kansas City, Mo., area office of Novogradac & Company LLP. She has extensive experience in market analysis and appraisal of multifamily developments, including those with low-income housing tax credits (LIHTCs), USDA, Section 8, conventional developments and for Freddie Mae, Fannie Mac and Federal Housing Administration financing. Additionally, she specializes in consulting for developers and state housing agencies, as well as preparing valuations of general and limited partnership interests and Year 15 valuation issues. Before joining Novogradac & Company LLP, Ms. Arthur was an analyst with the corporate finance group of Deloitte and Touche LLP, specializing in business valuations and acquisitions. She received her bachelor’s degree in finance from the University of Nebraska at Lincoln. Ms. Arthur is a designated member of the Appraisal Institute, a member of the Kansas City Commercial Real Estate Women organization, a member of the National Council of Housing Market Analysts, and a certified general real estate appraiser in Arkansas, Arizona, California, Hawaii, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, New Mexico and Texas.

Jonathan C. Adkins, CPA
Jonathan C. Adkins, CPAJon Adkins
Jonathan Adkins is a partner in the Walnut Creek, Calif., office of Novogradac & Company LLP. Mr. Adkins provides tax, attestation and consulting services to real estate developers, nonprofit organizations and public housing authorities. Mr. Adkins has extensive experience serving clients with low-income housing tax credit (LIHTC) developments, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD). He also works in the loan defeasance industry, working with borrowers to defease their commercial mortgage-backed securities. Mr. Adkins received a bachelor’s degree in business administration with a concentration in finance from the California Polytechnic State University, San Luis Obispo. He is licensed in California as a certified public accountant.

Nicolo R. Pinoli, CPA
Nicolo R. Pinoli, CPANicolo R. Pinoli
Nicolo Pinoli is a partner in the Portland, Ore., office of Novogradac & Company LLP, where he specializes in affordable housing and community development, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and tax-exempt bond financed transactions. Mr. Pinoli has extensive experience in financial statement audits, tax return preparation, transaction underwriting and consulting on transaction structuring and LIHTC and NMTC compliance. He has published many articles on various technical issues confronting the affordable housing and community development industries. Mr. Pinoli received a bachelor’s degree in accounting and a master’s degree in professional accounting from Brigham Young University and is licensed in California, Oregon and Washington as a certified public accountant.

Stacey Stewart, CPA
Stacey Stewart, CPAStacey Stewart
Stacey Stewart is a partner in the Dover, Ohio, office of Novogradac & Company LLP. Ms. Stewart works extensively with institutional investors, syndicators, insurers and real estate developers and specializes in the low-income housing tax credit (LIHTC) and historic tax credit (HTC) industries. Her experience includes assisting clients with attestation services, tax return preparation, transaction structuring and underwriting, due diligence and feasibility and consulting on complex tax and accounting issues. She also leads and coordinates the LIHTC Working Group, a membership organization that addresses industry concerns and technical issues. Ms. Stewart is a speaker at industry conferences and client sponsored training sessions. Before joining the firm in January 2004, Ms. Stewart worked for four years in the tax services practice of PricewaterhouseCoopers LLP, during which time she specialized in multistate tax issues, financial institutions and manufacturers. She received a bachelor’s degree in accounting from Otterbein University and is licensed in Ohio as a certified public accountant.

Michael Kressig, CPA
Michael Kressig, CPAMichael Kressig
Michael Kressig is a partner in the St. Louis office of Novogradac & Company LLP, where he specializes in community development and affordable housing, including new markets tax credit (NMTC), low-income housing tax credit (LIHTC) and historic rehabilitation tax credit (HTC) transactions. He has more than 20 years of public accounting and business advisory experience. His consulting expertise includes forecasts and projections, deal structuring and related services. Mr. Kressig also works extensively with real estate partnership and compliance audits, advises clients on accounting, tax and regulatory issues, and is a frequent speaker at industry events. Before joining Novogradac & Company LLP, Mr. Kressig was partner in charge of Sabino & Company's assurance services group and directed the firm's real estate services practice group. Mr. Kressig also served as a senior manager with Deloitte LLP, where he specialized in financial industry audits as well as merger and acquisition consulting and due diligence. Mr. Kressig received a bachelor’s degree in business administration, majoring in accounting, from Rockhurst University. He is licensed in Missouri as a certified public accountant.

Molly O'Dell, CPA
Molly O'Dell, CPAMolly O'Dell
Molly O'Dell is a partner in the San Francisco, Calif. office of Novogradac & Company LLP. She joined Novogradac & Company LLP in January 1999 and provides tax, attestation and consulting services to real estate developers and affordable housing partnerships, including preparing forecasts, tax credit applications and tax-exempt bond applications for various states. Ms. O’Dell specializes in U.S. Department of Housing and Urban Development and A-133 auditing procedures, tax-exempt bond financed rehabilitation projects, and complex tax planning strategies involving purchase accounting and cost segregation. She gained experience by working as a controller for a San Jose developer, and is a frequent speaker on the affordable housing conference circuit. She also serves as a technical editor for the firm’s Tax-Exempt Bond Handbook: A Tax Credit Practitioners Guide to Using Tax-Exempt Bonds for Low-Income Housing Tax Credit Projects. Ms. O’Dell began consulting on renewable energy developments in 2010, and has taught classes on combining solar panels with affordable housing. She has consulted in the Section 1603 Treasury Grant world, working on safe harbor reporting, Treasury grant applications and tax return preparation, and is now working with clients on the transition back to an investment tax credit world. She received her bachelor’s degree in economics from the University of California, Los Angeles. She is licensed in California as a certified public accountant.

Lance S. Smith, CPA
Lance S. Smith, CPALance Smith
Lance Smith is a partner in the San Francisco, Calif. office of Novogradac & Company LLP. Mr. Smith specializes in managing audits, completing tax returns and providing other attestation and consulting services for partnerships in the affordable housing industry, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development, and for nonprofit organizations, including those subject to government auditing standards and U.S. Office Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations.  Mr. Smith earned bachelor’s and master’s degrees in accounting from Brigham Young University. He is licensed in California as a certified public accountant.

Phong Tran, CPA
Phong Tran, CPAPhong Tran
Phong Tran is a partner in the Austin, Texas, office of Novogradac & Company LLP. Mr. Tran has extensive experience in tax engagements involving real estate developer consulting, with an emphasis in real estate partnership audit and taxation. He works with low-income housing tax credit (LIHTCs) and tax-exempt bonds. He is an author of many affordable housing articles in the Novogradac Journal of Tax Credits. He presented many clients sponsored training sessions. Mr. Tran received a bachelor's degree in accountancy from John Carroll University in Cleveland and is licensed in Texas and California as a certified public accountant.

Thomas Boman, CPA
Thomas Boman, CPAThomas Boman
Thomas Boman is a partner in the St. Louis office of Novogradac & Company LLP. He joined the St. Louis office in 2013 as a tax partner. Before joining the firm, he served as a senior vice president of tax for a private equity firm in St. Louis. He has more than 30 years of experience as a tax consultant to a variety of companies with a focus on pass-through entities. Mr. Boman has significant experience with the new markets tax credit (NMTC) at both the federal and state levels. He also worked for 17 years in public accounting, primarily with the Big Four firms. Mr. Boman participates in the Partnership and LLC Committee of the American Bar Association and is a member of the American Bar Association, the American Institute of Certified Public Accountants and the Missouri Society of Certified Public Accountants. He has juris doctor and master of business taxation degrees from the University of Minnesota. Mr. Boman serves as an adjunct instructor at the law school at Washington University in St. Louis, where he teaches federal partnership taxation. He is licensed in Missouri as a certified public accountant.

Kevin Wilson, CPA
Kevin Wilson, CPALance Smith
Kevin Wilson is a partner in the Walnut Creek, Calif., office of Novogradac & Company LLP, where he provides audit, tax and consulting services. Mr. Wilson has worked extensively in all areas of real estate. He works with a variety of entities, including real estate partnerships, corporations, investment funds, developers, investors and nonprofit organizations. He advises clients on a wide variety of accounting, tax and regulatory issues. Mr. Wilson joined Novogradac & Company LLP in 2002 and has a wide range of experience with low-income (LIHTC), new markets (NMTC) and renewable energy investment (RETC) tax credit transactions. He has considerable experience with U.S. Department of Housing and Urban Development (HUD) and A-133 auditing procedures He received his bachelor’s degree in business economics with an accounting emphasis from the University of California, Santa Barbara, and is licensed in California as a certified public accountant.

John Cole
Phong Tran, CPAJohn Cole
John Cole is a partner in the Austin, Texas, office of Novogradac & Company LLP. Mr. Cole oversees the Government Consulting and Valuation Advisory Services (GoVal) group. He has more than 14 years of national commercial real estate experience. Mr. Cole’s professional background also includes more than five years in the environmental consulting industry. He earned a bachelor’s degree in civil and environmental engineering from California Polytechnic State University in 1992 and an MBA with a finance concentration and real estate specialization from the University of Texas at Austin in 1999. Since joining Novogradac & Company, he has developed broad expertise in performing market analysis and appraisals of affordable multifamily properties, including those funded by low-income housing tax credits (LIHTCs), the U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture Rural Development. Mr. Cole is a candidate for designation with the Appraisal Institute and is a state certified general real estate appraiser in Texas, Louisiana, Mississippi, Arizona, California and Florida.

Frank R. Buss II, CPA
Frank R. Buss II, CPAFrank Buss
Frank Buss is a partner in the Dover, Ohio, office of Novogradac & Company LLP, where he performs numerous services related to the new markets tax credit (NMTC), historic rehabilitation tax credit (HTC) and the low-income housing tax credit (LIHTC) industries, including audit and tax services, forecasting and consulting. He has significant experience in tax and audit engagements involving closely held businesses, high-net-worth individuals, community development entities, partnerships and nonprofit organizations. Mr. Buss joined the firm in 2006 after working as an audit supervisor servicing manufacturing, construction and nonprofit clients for a regional certified public accounting firm in Canton, Ohio. Prior to that, he served as the chief operating officer for a wealth management firm, focusing on financial and transaction analysis and a wide range of individual and business planning matters. Mr. Buss received a bachelor’s degree in business administration from the University of Akron and is licensed in Ohio as a certified public accountant.

Gregory Clements, CPA
Gregory Clements, CPAGregory Clements
Gregory Clements is a partner in the Dover, Ohio, office of Novogradac & Company LLP, where he specializes in new markets tax credits (NMTCs), renewable energy tax credits (RETCs), historic tax credits (HTCs) and low-income housing tax credits (LIHTCs). Since joining the firm in 2004, he has worked closely with real estate developers, community development entities, syndicators and investors on structuring NMTC transactions in addition to providing traditional audit and tax services. Mr. Clements earned a bachelor’s degree in accounting and finance from Walsh University in North Canton, Ohio. He is a licensed certified public accountant in Ohio.

Eric Barnett, CPA
Eric Barnett, CPAEric Barnett
Eric Barnett is a partner in the Walnut Creek. Calif., office of Novogradac & Company LLP, where he specializes in auditing financial statements and preparation of tax returns for numerous entities, including affordable housing organizations, commercial real estate developers, for-profit homebuilders, nonprofit organizations and investment companies. Mr. Barnett joined Novogradac & Company in 2000 and obtained a wide range of experience with low-income housing entities in the nonprofit sector. He received his bachelor’s degree in business economics with an accounting emphasis from the University of California, Santa Barbara, and is licensed in California as a certified public accountant.

Jeffrey T. Nishita, CPA
Jeffrey T. Nishita, CPAJeffrey Nishita
Jeff Nishita is a partner in our San Francisco office and has been with the firm since 2002. He is one of the founders of the firm’s LIHTC Working Group, a membership organization that addresses technical issues in the LIHTC program. Mr. Nishita performs numerous services in the real estate industry, including audit and tax services, consulting, forecasting and training. He is experienced with U.S. Department of Housing and Urban Development (HUD), A-133 and numerous state auditing requirements. In addition, he is in charge of maintaining the firm’s Financial Forecast Model. He works with for-profit and nonprofit developers, syndicators and direct investors. Mr. Nishita also speaks at various affordable housing conferences throughout the year and is a technical editor for the firm’s Special Reports. He is also the founder of the firm’s Community Service Program. Mr. Nishita has served on the Housing Colorado NOW! conference committee since 2013. Before joining Novogradac, Mr. Nishita worked with several start-up companies and small businesses in executive positions. He graduated from Santa Clara University with honors, receiving a master’s of business administration degree with concentrations in operations, entrepreneurship, managing technology and innovation, and finance. He also received a bachelor’s degree in business economics with a concentration in accounting from the University of California, Santa Barbara. He is licensed in California as a certified public accountant.

Matt Meeker, CPA
Matt Meeker, CPAKeith LeBlanc
Matt Meeker is a partner in the Dover, Ohio, office of Novogradac & Company LLP, where he specializes in federal and state new markets tax credits (NMTCs), renewable energy tax credits (RETCs) and historic rehabilitation tax credits (HTCs). Mr. Meeker has consulted on hundreds of tax credit transactions with cumulative development financing exceeding $10 billion. He provides transaction advisory services to real estate and renewable energy developers, community development entities, syndicators, lenders, consultants and investors on the structuring, financing and syndicating of federal and state NMTCs, RETCs, and HTCs. He also advises on accounting, tax, compliance and regulatory matters in addition to providing traditional audit and tax services. Mr. Meeker frequently speaks at industry conferences and seminars on topics related to the NMTC and RETC industries. He earned a bachelor’s degree in finance from Miami University of Ohio and is licensed in Ohio as a certified public accountant.

Dirk Wallace, CPA
Dirk Wallace, CPADirk Wallace
Dirk Wallace is a partner in the Dover, Ohio, office of Novogradac & Company LLP. Mr. Wallace has extensive experience in developer consulting and real estate syndication with an emphasis in real estate partnership audit and taxation. He is experienced in affordable housing developments and specializes in the low-income housing tax credit (LIHTC), including properties financed through NAHASDA, and the historic rehabilitation tax credit (HTC). His consulting experience includes the preparation of LIHTC cost certifications for numerous state housing agencies, as well as mortgagers and contractors cost certifications for U.S. Department of Housing and Urban Development (HUD). Mr. Wallace also leads and coordinates the LIHTC Working Group, a membership organization that provides a platform to address technical programmatic issues surrounding the LIHTC industry. Mr. Wallace is a frequent speaker at industry conferences and seminars on affordable housing industry topics. He received his bachelor’s degree in accounting from Ohio University and is licensed as a certified public accountant in Ohio.

Thomas Stagg, CPA
Thomas Stagg, CPAThomas Stagg
Thomas Stagg is a partner in the metro Seattle office of Novogradac & Company LLP. He specializes in audit and tax services for real estate transactions. He has extensive experience with low-income housing tax credit (LIHTC) deal structuring, including assisting developers and investors in navigating acquisition and rehabilitation developments as well as Year 15 disposition issues. In addition, Mr. Stagg has assisted many clients in applying for and obtaining the LIHTC. He has extensive experience in performing IRC Section 42 tax credit property compliance testing and regularly contributes articles regarding the complexities of IRC Section 42 tax credit property compliance to the Novogradac Journal of Tax Credits, Novogradac Low-Income Housing Tax Credit Handbook and Novogradac LIHTC Property Management Handbook. Mr. Stagg is a frequently speaks at industry events and as well as Novogradac & Company LLP’s affordable housing conferences and webinars. Mr. Stagg received his bachelor’s degree in accounting from Brigham Young University. He is licensed in California and Washington as a certified public accountant.

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Meet the Principals

Christina Apostolidis, CPA
Christina Apostolidis
Christina Apostolidis is a principal in the Naples, Fla., office of Novogradac & Company LLP, where she focuses on providing audit and tax services to the real estate industry. Since joining the firm in 2007, Ms. Apostolidis has been involved in the accounting, auditing, forecasting and compliance of developments subject to the regulatory requirements of the low-income housing (LIHTC) and historic tax credit (HTC) programs and tax-exempt bond-financed transactions. She also has worked extensively with equity sponsors specializing in equity fund audit and tax consulting. Before joining the firm, she provided audit and tax services to the real estate industry, which included working with clients involved in real estate partnerships, limited liability companies and joint ventures for residential, retail and hospitality developments. Ms. Apostolidis received a bachelor’s degree in business administration with a major in accounting from Baruch College. She is licensed as a certified public accountant in Ohio and New York.

Thomas Berry, CPA
Tom Berry
Thomas J. Berry is a principal in the St. Louis office of Novogradac & Company LLP. He has extensive experience in the real estate industry with an emphasis on historic rehabilitation and affordable housing. Mr. Berry’s experience includes financial modeling, consulting and deal structuring for tax credit development projects, as well as cost certifications, tax compliance and tax planning. Mr. Berry’s background includes more than 20 years of experience in public accounting in audit, tax and consulting roles in addition to eight years in the industry as chief financial officer of privately held companies. He has a bachelor’s degree in accounting from Southern Illinois University at Edwardsville and a master’s degree in finance from the University of Illinois at Urbana-Champaign. He is licensed as a certified public accountant in Missouri.

Dave Boisture
LEED Green Associate
Dave Boisture
Dave Boisture is a principal in the metro Washington, D.C., office of Novogradac & Company LLP in the firm’s Government Consulting and Valuation Advisory Services (GoVal) group. Mr. Boisture has performed or assisted in the preparation of market analyses, feasibility studies, rent comparability studies and appraisals for a variety of residential and commercial property types, including office, retail, industrial and special uses. He has also assisted in the preparation of valuations for solar panels, wind turbines and other renewable energy installations in connection with financing and structuring analyses performed by various clients. Mr. Boisture has a bachelor's degree from Frostburg State University in Frostburg, Md., and a master’s degree in public administration from Ohio University in Athens, Ohio. Additionally, Mr. Boisture is a LEED Green Associate.

Elaine Chang, CPA
Elaine Chang
Elaine Chang is a principal in the San Francisco office of Novogradac & Company LLP. Ms. Chang has experience in affordable housing and community development, including new markets tax credit (NMTC) and low-income housing tax credit (LIHTC) transactions. She has worked extensively on financial statement audits, tax return preparation, final cost certification audits and NMTC allocation applications. Additionally, she is experienced in providing attestation services via issuance of agreed-upon procedure reports to ascertain whether a qualified active low-income community business (QALICB) meets the requirements pursuant to the NMTC program, whether an NMTC allocatee meets the operating income distribution test to its owners, and whether an NMTC allocatee meets the substantially all test. Ms. Chang has contributed articles to various publications including the Novogradac Journal of Tax Credits. She received a bachelor’s degree in finance from Walsh College in Michigan. Ms. Chang is licensed in California as a certified public accountant.

Brian Christ
Brian Christ
Brian Christ is a principal and senior director of Information Technology at Novogradac & Company LLP. He has a bachelor’s degree in management information systems from California State University, Chico. Mr. Christ worked for nine years in the firm’s San Francisco office before transferring to the Austin, Texas, office. Mr. Christ oversees the day-to-day network operations, as well as the firm’s long-term technological planning. He participates on the firm’s tech committee as well as the firm’s investment committee.

Rebecca Darling, CPA
Rebecca Darling
Rebecca Darling is a principal in the metro Atlanta office of Novogradac & Company LLP. Ms. Darling has experience in all areas of real estate accounting with an emphasis in the new markets (NMTC) and affordable housing sectors. She specializes in audit and taxation of NMTCs and low-income housing tax credit (LIHTC) partnerships, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD). Ms. Darling works closely with the Novogradac NMTC Working Group, a membership organization that is highly regarded for its effort in addressing technical programmatic issues surrounding the NMTC industry. She is a contributor to the New Markets Tax Credit Handbook and frequent speaker at industry events. Ms. Darling earned a bachelor’s degree in business administration with a concentration in accounting from Kennesaw State University. She is licensed in Georgia as a certified public accountant.

David A. DeMello, CPA (Inactive)
David DeMello
David DeMello is a principal and the risk manager of Novogradac & Company LLP, responsible for several functional areas involving the firm’s growth, risk management and internal controls. In addition to these project-driven tasks, Mr. DeMello serves in an advisory capacity to the heads of the firm's information technology and human resources departments. Mr. DeMello joined Novogradac & Company LLP in 1994 as a tax accountant specializing in corporate taxation. He assumed the controllership position in 1999 and served in that position until his promotion in 2005.

Rachel Denton
Rachel Denton
Rachel Denton is a principal in the metro Kansas City, Mo., office of the valuation consulting, market research and government services division for Novogradac & Company LLP. Ms. Denton has extensive experience performing market feasibility studies, appraisals, and consulting services for a broad cross-section of clients in the low-income housing tax credit (LIHTC) industry, including developers, lenders, syndicators and state agencies. Additional areas of expertise include the valuation and analysis of USDA Rural Development properties and those applying for FHA financing through the U.S. Department of Housing and Urban Development’s (HUD’s) MAP program. Ms. Denton has completed extensive real estate appraisal coursework through the Appraisal Institute and received a bachelor’s degree in urban and regional studies from Cornell University. She previously served for two years as the co-chair of the Kansas City Commercial Real Estate Women Communications Committee and has served on the board of directors since 2013. She is also a member of the National Council of Housing Market Analysts. Ms. Denton is a candidate for designation of the Appraisal Institute and is licensed as a certified general real estate appraiser in California, Colorado, Hawaii, Illinois, Kansas, Oregon and Missouri.

Chad Durden, CPA
Chad Durden
Chad Durden is a principal in the metro Atlanta office of Novogradac & Company LLP. Mr. Durden has extensive experience providing financial consulting and structuring advice to developers of renewable energy projects with a focus on forecast modeling as well as significant experience in research and consulting for historic tax credit (HTC) developments. He also provides real estate partnership audit, tax and consulting services and has worked extensively with equity sponsors, specializing in low-income housing tax credits (LIHTCs). Mr. Durden is also a regular contributor to the Novogradac Journal of Tax Credits and a presenter at the firm’s renewable energy finance conferences. He received a bachelor’s degree in business administration with a concentration in accounting from the University of Memphis and is licensed as a certified public accountant in Georgia.

Nat Eng, CPA
Nat Eng
Nat Eng is a principal in the San Francisco office of Novogradac & Company LLP, where he focuses on renewable energy transactions. He works with numerous renewable energy developers, syndicators and investors by providing assurance, consulting and transaction advisory services. Before joining Novogradac & Company, he worked at PricewaterhouseCoopers LLP, specializing in banking and capital markets clients. Mr. Eng received a bachelor’s degree in accounting from Penn State University. He is licensed in New York as a certified public accountant.

Tiffany French, CPA
Tiffany French
Tiffany French is a principal in the Austin, Texas, office of Novogradac & Company LLP, where, for the past five years, she has specialized in accounting and auditing of affordable housing developments. She also assists with transactions subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD) and real estate developer consulting. In addition, Ms. French has extensive knowledge of audit consulting services, such as audit preparation and assembly. She received a bachelor’s degree in business administration with a concentration in accounting from Texas State University and is licensed as a certified public accountant in Texas.

G. Tyler Gibbs, CPA
G. Tyler Gibbs, CPA
Tyler Gibbs is a principal in the Southfield, Mich., office of Novogradac & Company LLP, where he specializes in renewable energy and real estate transactions. Mr. Gibbs works extensively with renewable energy developers and investors, providing forecasting, consulting, audit and tax services for transactions using investment tax credits, Section 1603 Treasury payments, production tax credits (PTCs), and numerous state and local subsidies, including tax credits, rebate programs, production-based incentives and renewable energy certificates. Mr. Gibbs is the lead writer of Novogradac & Company’s Renewable Energy Tax Credit Handbook and a contributing writer to the renewable energy content in the monthly Novogradac Journal of Tax Credits. He is also a frequent speaker at the pre-conference workshops at the firm’s Financing Renewable Energy Tax Credit conferences. Mr. Gibbs has significant experience providing services to low-income housing tax credit (LIHTC) operating partnerships and equity funds, including financial statement audits, final cost certifications and tax return preparation. He is also a member of the Michigan Housing Council. Before joining Novogradac & Company LLP, Mr. Gibbs worked as an equity research associate for an investment firm in San Francisco. He received a bachelor’s degree in economics from Stanford University and is licensed as a certified public accountant in California and Michigan.

Nick C. Hoehn, CPA
Nick Hoehn
Nick Hoehn is a principal in the Austin, Texas, office of Novogradac & Company LLP. He has more than 14 years of professional experience in affordable housing and provides audit, tax and consulting services. He specializes in real estate partnerships and investment companies with an emphasis on distressed real estate that may have over-leverage, under-investment, poor financial performance, loss of tax credits and recapture through foreclosure or forced sale. He has experience with the historic rehabilitation tax credit (HTC), low-income housing tax credit (LIHTC) and tax-exempt bond-financed transactions. Before joining the firm, Mr. Hoehn was a senior accountant with a certified public accounting firm in Chicago. He received his bachelor’s degree in accountancy from Eastern Illinois University. Mr. Hoehn is licensed in Illinois and Texas as a certified public accountant.

Bryan Hung, CPA
Bryan Hung
Bryan Hung is a principal in the Long Beach, Calif., office of Novogradac & Company LLP. He specializes in providing audit, tax and consulting services in the real estate industry. Mr. Hung, who joined Novogradac & Company in 2005, has extensive experience working with real estate developers, community development entities, syndicators, lenders and investors on structuring and preparing complex financial forecasts for new markets (NMTC), historic rehabilitation (HTC) and renewable energy tax credit (RETC) transactions. He received a double bachelor’s degree in accounting and business administration with an emphasis in finance from the University of Southern California. Mr. Hung is licensed as a certified public accountant in California.

Christopher Jones, CPA (Inactive)
Nick Hoehn
Christopher Jones is the chief financial officer of Novogradac & Company LLP, primarily responsible for overseeing the firm’s internal accounting department. Mr. Jones provides operational support to the firm, and works closely with other support departments on strategic initiatives as they relate to budget management and financial forecasting. In addition, Mr. Jones works with the firm’s marketing and information technology departments to create greater operational efficiencies. Mr. Jones joined Novogradac & Company LLP in 2004 as an accounting specialist.  Mr. Jones graduated from the University of California, Berkeley, with a bachelor's degree in business administration.

Tabitha Jones, CPA
Tabitha Jones
Tabitha Jones is a principal in the metro Atlanta office of Novogradac & Company LLP. She specializes in syndicator and developer consulting with an emphasis in real estate partnership audit and taxation. Ms. Jones has extensive experience with affordable housing transactions and specializes in low-income housing (LIHTC) and historic rehabilitation tax credits (HTCs). She also works extensively with equity sponsors in equity fund audit and tax consulting, as well as auditing requirements of the U.S. Department of Housing and Urban Development (HUD), public housing authorities, and nonprofit organizations. Ms. Jones has worked extensively on financial statement audits, tax return preparation, and final cost certification audits for numerous organizations, including nonprofit organizations, corporations, and public housing authorities. She received her bachelor’s degree in business administration with an emphasis in accounting from North Georgia College & State University and is a member of the American Institute of CPAs and the Georgia Society of CPAs. Ms. Jones is licensed in Georgia as a certified public accountant.

Chris Key, CPA
Chris Key, CPA
Chris Key is a principal in the metro Atlanta office of Novogradac & Company LLP. Mr. Key has extensive experience in developer consulting with an emphasis in real estate partnership audit, taxation and consulting. He is experienced in affordable housing transactions and specializes in the low-income housing tax credit (LIHTC). Mr. Key has worked extensively with equity sponsors specializing in equity fund audit and tax consulting, as well as auditing requirements of the U.S. Department of Housing and Urban Development (HUD). He is a frequent speaker at industry conferences and seminars on affordable housing industry topics. Mr. Key received his bachelor’s degree in accounting from Anderson University and is a member of the Georgia Society of CPAs. He is licensed in Georgia as a certified public accountant.

Andrea Killeen, CPA
Andrea Killeen, CPA
Andrea Killeen is a principal in the San Francisco office of Novogradac & Company LLP. Ms. Killeen is experienced in real estate taxation, including the taxation of wineries and vineyards and she also works with clients in the NMTC industry. Ms. Killeen received a bachelor’s degree in business economics with an emphasis in accounting from the University of California, Santa Barbara. She is licensed in California as a certified public accountant.

Alvin Lee, CPA
Alvin Lee
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 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 with emphasis on investment accounting and partnership taxation. 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.

Craig Lucero
Keith LeBlanc
Craig Lucero is a principal and the director of information technology at Novogradac & Company LLP. He has bachelor's degrees from Purdue University and Calumet College of St. Joseph, as well as various career specific certifications. Prior to joining the firm in 2001, Mr. Lucero was a teacher and consultant in the Chicago metropolitan area.

Mark Mischke, CPA
Mark Mischke
Mark Mischke is a principal in the Chicago office of Novogradac & Company LLP. Mr. Mischke has more than 20 years of experience providing accounting, auditing and tax services to nonprofit, for-profit and management companies. His nonprofit experience includes membership organizations, health-and-welfare organizations, foundations and educational institutions, as well as developers. In addition, his experience includes providing real estate clients with services related to U.S. Department of Housing and Urban Development (HUD) and low-income housing tax credit (LIHTC) developments as well as market residential and commercial real estate. Mr. Mischke has significant experience preparing HUD and state agency LIHTC cost certifications, audits, reviews and compilations, as well as syndication and investment fund real estate experience. Mr. Mischke’s strong understanding of generally accepted accounting principles, generally accepted auditing standards, generally accepted government auditing standards (GASAS), HUD audit guide and various HUD handbooks enables him to consistently provide outstanding accounting and auditing services to his clients in the real estate, health care and nonprofit industries. He received his bachelor’s degree in accounting from Northeastern Illinois University and is licensed as a certified public accountant in Illinois.

Joe Petrullo, CPA
Joe Petrullo
Joseph Petrullo is a principal in the Dover, Ohio, office of Novogradac & Company LLP, where he works extensively with equity sponsors and specializes in equity fund audit and tax consulting. Mr. Petrullo also has significant experience working with real estate developers, specializing in low-income housing tax credit (LIHTC) consulting and financial modeling. He has specialized competencies in conducting U.S. Department of Housing and Urban Development (HUD) Multifamily Accelerated Processing Quality Control and Construction Loan Administration reviews as well as experience with LIHTC property compliance. Mr. Petrullo received his bachelor’s degree in business administration with a concentration in management and quantitative analysis from Mount Union College. He is licensed in Ohio as a certified public accountant.

Amanda Read, CPA
Amanda Read, CPA
Amanda Read is a principal in the Cleveland office of Novogradac & Company LLP. She provides a wide range of services to community development entities, including agreed-upon procedures for new markets tax credit (NMTC) qualification and compliance issues, and annual audit and tax work. She assists her clients in transaction structuring, financial modeling, NMTC compliance and reporting, due diligence and feasibility, and navigating accounting and tax issues. Her experience includes working with complex financing for community development real estate developments, including using NMTCs, historic and rehabilitation tax credits (HTCs), public/private partnerships, and other federal, state and local tax credits and incentives. She is also a frequent speaker at the pre-conference workshops at the firm’s NMTC conferences. She is also experienced in attesting to qualified active low-income community business determinations in accordance with the NMTC program and works with real estate developers, community development entities, syndicators, lenders and investors on the structuring, financing and syndicating of NMTC transactions, in addition to providing traditional audit and tax services. Additionally, Ms. Read provides a broad range of advisory services to community development entities (CDEs), including transaction structuring, development and implementation of internal compliance policies and procedures, bookkeeping, monthly loan servicing and asset management, compliance review and Community Development Financial Institutions (CDFI) Fund reporting. Ms. Read also focuses on the low-income housing tax credit (LIHTC), providing consulting services for real estate developers with an emphasis in the areas of real estate partnership audit and taxation. Ms. Read received a bachelor’s degree in accounting from the University of Akron. She is licensed in Ohio as a certified public accountant.

Warren R. Sebra, CPA
Warren R. Sebra, CPA
Warren Sebra is a principal in the Portland, Ore., office of Novogradac & Company LLP. Mr. Sebra has experience in affordable housing and community development, including low-income housing tax credit (LIHTC), new markets tax credit (NMTC) and historic rehabilitation tax credit (HTC) transactions. He has worked extensively on financial statement audits, tax return preparation, final cost certification audits, transaction underwriting, placed-in service applications, LIHTC compliance, NMTC compliance and NMTC allocation applications. Mr. Sebra has also contributed to various publications, including the Novogradac Journal of Tax Credits, Low-Income Housing Tax Credit Handbook and Historic Rehabilitation Handbook. Mr. Sebra is a frequent speaker at industry conferences and seminars on affordable housing and community development industry topics. He received a bachelor’s degree in accounting and a master’s degree in accounting from Brigham Young University. Mr. Sebra is licensed in Oregon and California as a certified public accountant.

Michelle Shelton
Rodney C. Sommers
Michelle Shelton is a principal and the senior director of Human Resources for Novogradac & Company LLP. She is responsible for the human resources function, which include: recruitment, retention, employee relations, benefits, compensation and organizational development. Ms. Shelton joined Novogradac & Company LLP in June 2014. She has 25 years of experience and holds a Senior Professional in Human Resources (SPHR) certification. Ms. Shelton graduated with a bachelor’s degree from Willamette University in Oregon.

Rodney C. Sommers, CPA
Rodney C. Sommers
Rodney Sommers is a principal in the Dover, Ohio, office of Novogradac & Company LLP. Mr. Sommers has more than 20 years of experience with a strong emphasis on audit, specifically for nonprofit and real estate entities. His experience in the real estate industry has emphasized affordable housing developments, including those subject to the auditing requirements of the U.S. Department of Housing and Urban Development (HUD), and nonprofit organizations, including those subject to government auditing standards and U.S. Office Management and Budget Circular A-133, audits of states, local governments, and nonprofit organizations. He also has experience in a variety of other industries including renewable energy (RETC) and historic tax credit (HTC) entities. He graduated from Kent State University and is a member of the American Institute of Certified Public Accountants. Mr. Sommers is licensed in Ohio as a certified public accountant.

Craig M. Staswick, CPA
Craig M. Staswick, CPA
Craig Staswick is a principal in the Long Beach, Calif., office of Novogradac & Company LLP. Mr. Staswick, whose experience is in the affordable housing and community development industries, including the low-income housing tax credit (LIHTC), new markets tax credit (NMTC) and the historic rehabilitation tax credit (HTC), has worked extensively on financial statement audits, tax return preparation and final cost certification audits. Mr. Staswick received a bachelor’s degree in accounting from California State University, Long Beach. He is licensed in California as a certified public accountant.

Angie N. Taylor, CPA
Angie N. Taylor
Angie Taylor is a principal in the San Francisco office of Novogradac & Company LLP, where she provides tax compliance, planning and consulting services for multistate partnerships, closely held corporations, trusts and high-net-worth individuals. Ms. Taylor is also experienced in the taxation of wineries and vineyards. Before joining Novogradac & Company, she spent more than three years with a firm specializing in audit, tax and consulting services for construction contractors and high-net-worth individuals. Ms. Taylor received a bachelor’s degree in business administration with an accounting emphasis from California State University, Fresno. She is licensed in California as a certified public accountant.

Miao Xue, CPA
Miao Xue
Miao Xue is a principal in the San Francisco office of Novogradac & Company LLP. She has broad experience in real estate audits and tax returns and multistate tax returns. Ms. Xue also provides numerous financial modeling and consulting services to members of the low-income housing (LIHTC), renewable energy (RETC), historic rehabilitation (HTC) and new markets tax credit (NMTC) industries. Before returning to Novogradac & Company LLP, she worked as an acting manager in the real estate group of Ernst & Young LLP. Ms. Xue received a master’s degree in accounting from San Francisco State University. She is licensed in California as a certified public accountant.

Susan Zanin, CPA
Susan Zanin
Susan Zanin is a principal in the Cleveland office of Novogradac & Company LLP. Her career has been focused on providing auditing, tax and compliance services to the real estate industry. Ms. Zanin has experience in accounting, auditing and taxation of affordable housing developments, including those subject to the U.S. Department of Housing and Urban Development’s (HUD’s) regulatory requirements. She has also worked with equity sponsors specializing in equity fund audits and tax returns. Ms. Zanin received a bachelor’s degree in accounting from John Carroll University and is licensed in Ohio as a certified public accountant.

Kyle Zochert, CPA
Kyle Zochert
Kyle Zochert is a principal in the Austin, Texas, office of Novogradac & Company LLP. Mr. Zochert specializes in accounting, auditing and taxation of real estate partnerships. In addition, he consults with development owners on the compliance and operating aspects of their investments, including Texas cost certifications, investment capital management, cash flow forecasts, sales analyses, partner buy-outs, tax credit recapture and removal of tax credit restrictions at end of compliance period via qualified contracts. Mr. Zochert received a bachelor’s degree in business administration, majoring in accountancy and finance from Saint Edward’s University. He is licensed as a certified public accountant in Texas, and is a designated housing credit certified professional.

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