Financing Multi-Family Housing: Structuring Low Income Housing 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 Tuesday, November 21, 2017

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 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.

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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

Faculty

Bowen, Ryan
Ryan Bowen

Senior Counsel
Chapman and Cutler

Mr. Bowen has experience serving as bond and underwriter’s counsel in connection with a variety of bond...  |  Read More

Carnes, Delphine
Delphine G. Carnes

Crenshaw Ware & Martin

Ms. Carnes’ practice focuses on project finance, public sector, affordable housing and community development,...  |  Read More

Feller, Brent
Brent L. Feller

Partner
Chapman and Cutler

Mr. Feller is primarily involved in the tax aspects of financings throughout the country, including new money and...  |  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:

CLE On-Demand Video

48 hours after event

$297

Download

48 hours after event

$297

DVD

10 business days after event

$297 + $9.45 S&H