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

Documenting Transactions for Investors and Developers

A live 90-minute CLE/CPE webinar with interactive Q&A


Tuesday, November 21, 2017
1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, October 27, 2017


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 projects. The panel will also address structuring tax-exempt bonds that can be paired with the LIHTC, and the potential effect of proposed corporate tax cuts on the LIHTC market.

Outline

  1. Current opportunities and trends in multi-family affordable housing
  2. Low income housing tax credits
    1. Requirements for qualification
    2. Income and rent restrictions
    3. 4% Credit for acquisition;
    4. 9% Credit for new construction or substantial rehabilitation
    5. Other structural issues
  3. Tax-exempt bonds
    1. Typical bond structures
    2. Good costs vs. bad costs
    3. 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

Learning Objectives

After completing this course, you will be able to

  • Identify tax advantages of investing in Low Income Housing Tax Credit projects
  • Determine requirements for investors and developers to qualify for LIHTC
  • Recognize eligible bonds that can be paired with LIHTC
  • Ascertain bond structures that are tax exempt

Faculty

Delphine G. Carnes
Crenshaw Ware & Martin, Norfolk, Va.

Ms. Carnes’ practice focuses on project finance, public sector, affordable housing and community development, taxation, and real estate. She has been involved in the New Markets Tax Credit (NMTC) program since its inception, representing Community Development Entities, financial institutions and developers. She has significant experience structuring complex transactions, including real estate transactions that combine NMTC with state and federal historic tax credits, tax-exempt bonds, traditional debt and debt with equity features.

Additional faculty to be announced.


Live Webinar

Live Webinar $247.00

Includes Early Discount Savings of $50.00 (through 10/27/17)

Add a colleague on the same connection in the same room for only $97.00 in the shopping cart or by calling customer service.

This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

*In KS, OH, PA, for more than 1 attendee on the connection you must contact Strafford CLE via email or call 1-800-926-7926 ext. 35 prior to the program for special instructions.


CPE on Live Event

Continuing Professional Education credit processing is available for an additional fee per person. You may register for CPE credit processing at any time before or after the program. To qualify for CPE you may not listen via the telephone.

This program is eligible for 1.5 CPE credits.

  • Field of Study: Taxes.
  • Level of Knowledge: Intermediate.
  • Advance Preparation: None.
  • Teaching Method: Seminar/Lecture.
  • Delivery Method: Group-Internet (via computer).
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of verification codes announced throughout the presentation.
  • Prerequisite: Three years+ law firm, business or public accounting experience in mid-level within an organization, preparing complex financing arrangements wtih a focus on tax planning and consequences; basic knowledge and familiarity with law income housing tax credits and tax-exempt bonds used in financing multi-family housing.

NOTE: CPE credit processing for all attendees must be ordered by 2pm Eastern the day of the program to receive a Certificate of Attendance within 24 hours.


Recordings

CLE On-Demand - Streaming Video

Note: Self-study CPE and EA credits are not offered on this On-Demand webinar.

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 10/27/17)

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Recorded Event

Includes full event recording plus handouts (available after live webinar).

Note: Self-study CPE and EA credits are not offered on recorded events.

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

Strafford will process CLE credit for one person on each recording.

Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 10/27/17)

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Recorded Audio Download (MP3) $247.00
Available 24 hours after the live event

Includes Early Discount Savings of $50.00 (through 10/27/17)

How does this work?

DVD (Slide Presentation with Audio) $247.00 plus $9.45 S&H
Available ten business days after the live event

Includes Early Discount Savings of $50.00 (through 10/27/17)

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Registration Plus Recorded Event

Best value!

Live Webinar & Webinar Download $344.00

Includes Special Savings of $250.00 (through 10/27/17)

Live Webinar & Audio Download $344.00

Includes Special Savings of $250.00 (through 10/27/17)

Live Webinar & DVD $344.00 plus $9.45 S&H

Includes Special Savings of $250.00 (through 10/27/17)


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Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

Early Registration
Discount Deadline
October 27, 2017

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Real Estate Law Advisory Board

David A. Barksdale

Partner

Ballard Spahr

Jacob Bart

Partner

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Partner

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Ronald B. Grais

Counsel

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