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Low Income Housing Tax Credit (LIHTC) properties are reaching the end of the 15 year LIHTC compliance period, and are eligible for sale to their nonprofit sponsors. Year 11 in the life of a tax credit deal is an ideal time to begin planning and taking action. We will discuss disposition strategies for the nonprofit sponsor, and review partnership provisions including rights of first refusal, purchase options, exit taxes, and preservation of affordability.
- Understand the issues surrounding the transfer of properties after year 15 of the LIHTC compliance period.
- Learn how to develop a transition plan.
- Explore options for redevelopment and recapitalization.
Greg Griffin, Director, Asset Management, Enterprise Community Investment, Inc.
Marian O'Conor, Counsel, Enterprise Community Investment, Inc.