The Low-Income Housing Tax Credit (LIHTC) program was created in 1986 to encourage the investment of private capital in the development of affordable rental properties. To receive LIHTC benefits, owners of qualifying rental properties agree to comply with low-income occupancy requirements for a minimum of 30 years. During the past 26 years, this highly successful program has produced over 2 million rental units of affordable housing. Properties completing their initial 15-year tax credit compliance periods face several business, legal, tax and accounting issues must be addressed before a property can be successfully re-positioned.
This conference will examine the opportunities and challenges facing owners of maturing tax credit properties, and how proactive owners and investors can maximize a tax credit property’s value in Year 15. Relevant topics will include Year 15, structuring qualified contracts, options and rights of first refusal, portfolio assessment, assessing the property disposition at Year 15 and before, and executing general partner transfers during the compliance period.
Who Should Attend
- Experienced developers, syndicators, and others involved in the ownership and operation of housing tax credit properties who seek proven strategies to maximize profits and avoid common pitfalls.
- Investors, lenders, property managers, and others in the housing financing community looking for a comprehensive overview of the most critical business, tax, and regulatory issues affecting the long-term viability of today’s tax credit properties.
- State and local housing agency staff interested in keeping current on recent trends relating to the ownership, operation, and asset management of tax credit properties.
- Real estate and tax attorneys, accountants, and other professional advisors to the tax credit community who need the latest business, tax, and accounting information to help owners maximize opportunities and mitigate risks during the various stages of a tax credit property’s life cycle.