Financing Multi-Family Housing: Structuring the Low Income House Tax Credit and Tax-Exempt Bonds

Documenting Transactions for Investors and Developers

Recording of a 90-minute CLE/CPE webinar with Q&A


Conducted on Thursday, August 25, 2016

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will discuss how to utilize Low Income Housing Tax Credits (LIHTCs) and tax-exempt bonds in multi–family construction financing. The program will discuss the mechanisms of each form of financing, how each impacts the other, and current market trends and developments impacting these financing vehicles.

Description

The availability of government incentives for multi-family affordable housing projects creates an opportunity for investors, developers and governmental entities.

Tax-exempt bonds and the syndication of LIHTCs are primary tools for developing new affordable housing or rehabilitating existing affordable housing. To qualify for and maintain these incentives, investors and developers must comply with strict requirements.

Counsel structuring multi-family affordable housing transactions must understand the complex rules for qualifying for the LIHTC and how to best leverage tax-exempt bond financing.

Listen as our authoritative panel of real estate practitioners walks you through the process of qualifying for and structuring transactions that utilize the LIHTC to finance multi-family housing construction or rehabilitation. The panel will also address structuring tax-exempt bonds that can be paired with the LIHTC.

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Outline

  1. Current opportunities and trends in multi-family affordable housing
  2. Low income housing tax credits
    1. Credit allocation rules
    2. Ownership structures
    3. Credit overview
    4. Eligible basis
    5. Applicable fraction
    6. Minimum set-aside test
    7. Income and rent restrictions
    8. Applicable percentage
    9. 4% Credit for acquisition
    10. Substantial rehabilitation requirement
    11. 9% Credit for new construction or substantial rehabilitation
  3. Tax-exempt bonds
    1. Typical bond structures
    2. Typical bond deal steps
    3. Good costs vs. bad costs
    4. 50% Financing requirement

Benefits

The panel will review these and other issues:

  • Tax benefits of investing in LIHTC projects
  • Requirements that investors and developers must meet to qualify for the LIHTC
  • Ownership structures for LIHTC projects
  • Eligible bonds that can be paired with the LIHTC
  • Tax-exempt bond structures

Faculty

Philip C. Genetos
Philip C. Genetos

Partner
Ice Miller

Mr. Genetos provides counsel representing clients on single and multi-family housing, airports, industrial development,...  |  Read More

Hetland, Janice
Janice E. Hetland

Partner
Lathrop & Gage

Ms. Hetland has closed hundreds of tax credit and affordable housing transactions across the country. She guides...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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$297

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