Abby Shafer
“I believe Flaherty & Collins Properties Affordable Development Team continues to be a successful LIHTC developer because of our commitment to teamwork. We value the team’s success ahead of individual achievements. In the words of Vince Lombardi – Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.”
Responsibilities
Abby works to bring in equity from the syndicators to pay developer fees, oversee draw requests, review monthly financials of all affordable properties, oversee the affordable A/P process, lead on permanent financing close, update lease-up schedules for credit delivery and adjusters, and review all management prepared budgets for affordable properties..
Accreditations / Organizations
American Institute of Certified Public Accountants – Member
Indiana CPA Society – Member
Personal
Abby is married to her husband, Cory, and has two sons. She enjoys spending time with family and friends, traveling, attending concerts, and reading novels.
Professional Experience
Prior to joining Flaherty & Collins Properties, Abby worked in public accounting for 8 years. Abby has extensive experience in the real estate industry, with a focus in low income housing. Her specialties include Section 42 compliance issues such as first year credit calculations, recapture calculations, 8823 compliance issues and 15-year credit computations. Other expertise includes state credits, sales projections, and Year 15 dispositions.
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Education
BS Accounting, Magna Cum Laude
Indiana State University – Terre Haute, Indiana