Tax Credit Property Dispositions plus an Affordable Housing Update
The Park Plaza Hotel, Boston, MA July 10 - 12, 2013
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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
27 years, this highly successful program has produced more than 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, which
must be addressed before the properties can be successfully repositioned.
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 include: portfolio assessment;
assessing the property disposition at Year 15 and before; executing general partner
transfers during the compliance period; and structuring qualified contracts, options,
and rights of first refusal as part of a property’s Year 15 dispositions strategy.