Leveraging HUD Financing and Historic Tax Credits for Multifamily Housing: Pairing Forms of Financing
Navigating Bridge Loans, HTC Investor Concerns and Loan Closing Coordination
Recording of a 90-minute premium CLE webinar with Q&A
This CLE webinar will discuss the pairing of HUD-insured multifamily construction financing with the Historic Tax Credit. The program will discuss the process of each form of financing, how each impacts the other, and best practices for avoiding pitfalls that can arise when these forms of financing are combined.
Outline
- HUD-insured construction and substantial rehabilitation loans
- Overview of the process and documentation
- Interplay with bridge loans
- Historic Tax Credits
- Overview of the HTC investment structure
- Master lease structure
- HUD requirements
- Interplay between HUD financing and HTC financing: Best practices for smooth closing of the deal
Benefits
The panel will review these and other key issues:
- What HUD issues are raised if the project intends to utilize a bridge loan?
- What HUD issues arise with respect to the HTC investor, and what can counsel do to mitigate the investor’s concerns?
- What steps can counsel take to ensure a smooth closing when pairing HUD financing and HTCs?
Faculty
Daniel Budihardjo
Shareholder
Kantor Taylor Nelson Evatt & Decina
Mr. Budihardjo practices transactional business and real estate financing with a concentration on the financing of... | Read More
Mr. Budihardjo practices transactional business and real estate financing with a concentration on the financing of community economic development projects using new markets tax credits and historic rehabilitation tax credits. He represents community development entities, community/ institutional lenders, public development authorities, nonprofit corporations, and developers throughout the U.S. who seek to utilize tax credit-based financing in support of development or redevelopment projects.
CloseWaller (Watt) Taylor, III
Shareholder
Kantor Taylor Nelson Evatt & Decina
Mr. Taylor has more than 34 years of housing and real estate experience with an emphasis on federal programs providing... | Read More
Mr. Taylor has more than 34 years of housing and real estate experience with an emphasis on federal programs providing financing and other governmental assistance to multifamily housing and healthcare facilities. He assists owners, developers, lenders, real estate investment trusts, management companies, and housing authorities with financing, closing, sales and other transactions involving FHA-insured multifamily projects, among others.
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