Massachusetts should use more volume cap bonds for housing
At a time when the spread between taxable and tax exempt debt is historically small, Massachusetts should use more tax exempt volume cap bonds for affordable housing to generate the additional benefit of low-income housing tax credits.—Jeffrey W. Sacks and Pamela Swanson
Proposed changes to Massachusetts law reflect evolving assisted living model
Those who think that assisted living providers are not in the health care business will need to think again.—Allen Lynch
Appeals court in bankruptcy case allows valuation of affordable housing project assuming land use restriction agreement is eliminated
In an opinion that potentially creates significant obstacles to reorganization of affordable housing borrowers/operators that seek bankruptcy relief, the 9th Circuit Court of Appeals held that, in the context of a “cram down” plan of reorganization in a Chapter 11 bankruptcy, the secured creditor’s interest in real property should be based on a valuation that is not discounted by the presence of affordable housing covenants.—Jeffrey W. Sacks, Lee Harrington, John H. Cornell and Nicole Gallerano
Location: The Ritz-Carlton | Marina del Ray, CA
Date: May 16–17, 2016
Speakers: Harry Kelly
Topics include: State of the Golden State, tax credit equity, state legislative update, affordable housing debt case studies, public housing joint venture development opportunities, fair housing and much more.
Location: Renaissance Blackstone Hotel | Chicago, IL
Date: May 18–19, 2016
Speakers: Richard Goldstein, Richard Michael Price, Anthony Ruvolo, Monica Sussman, Deborah VanAmerongen and Steve Wallace
Topics include: Washington update, low-income housing tax credits/tax reform, RAD program update, equity and debt, emerging preservation marketplace, plus much more.
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