Loading Events

« All Events

  • This event has passed.

THE EMERGING ISSUES IN THE EXPIRING-USE AFFORDABILITY CRISIS

October 13, 2020 @ 10:00 am - 11:30 am EDT

Free

Participants of the live webinar will be eligible for 1.5 free CPE credit.

Register Here

Join CohnReznick LLP and Goldstein Hall PLLC for a discussion about the rights an investor partner has in a Low-Income Housing Tax Credit project and how those rights CAN be exercised to protect its investment, profit, and control of the project – whether exiting or remaining after Year 15.

Topics to be discussed Include:

  • The statutory framework of Low-Income Housing Tax Credit projects, including the underpinning tax principles
  • How to pre-empt the concerns a not-for-profit partner may have as Year 15 approaches and the investor partner prepares to exit
  • Calculating capital accounts and the significance of a negative capital account
  • Analyzing potential waterfall distributions and ROFR implications
  • Recent legal developments

Please note the webinar will be played through your web browser. Speakers or a headset is required.

WINELL BELFONTE
CPA, Partner, CohnReznick
Speaker
MARK J. KAVANAUGH
CPA, Partner, CohnReznick
Speaker
BRIAN HSU
Partner, Goldstein Hall PLLC
Speaker
BRIAN J. MARKOWITZ
Partner, Goldstein Hall PLLC
Speaker

REGISTER

CPE Information
Live event participants can earn up to 1.5 CPE credits in the Specialized Knowledge field of study.
Program description: Join CohnReznick and Goldstein Hall PLLC for a discussion about the rights an investor partner has in a Low-Income Housing Tax Credit project and how those rights CAN be exercised to protect its investment, profit, and control of the project – whether exiting or remaining after Year 15.

Program level: Intermediate

Prerequisites: Current or past experience with affordable housing industry planning and/or implementation issues.

Advanced Preparation: None

Topics to be discussed include:

  • The statutory framework of Low-Income Housing Tax Credit projects, including the underpinning tax principles.
  • The strategies an investor partner has to maintain its value and control in a Low-Income Housing Tax Credit project.
  • How to pre-empt the concerns a not-for-profit partner may have as Year 15 approaches and the investor partner prepares to exit.
  • What an investor partner should consider when a potential offer to purchase is made or the project’s owner requests the sale of the project’s property.
  • Calculating capital accounts and the significance of a negative capital account.
  • Analyzing potential waterfall distributions and ROFR implications.
  • Valuation of Fair Market Value at year 15 and how it is calculated.
  • Dealing with the Applicable Federal Rate and debt issues.
  • Recent legal developments.
Instructional Delivery Method: Group Internet Based

Who Should Attend: Those in the affordable housing industry interested in learning more about the rights investor partners in Low-Income Housing Tax Credit projects have and how they can be exercised.

sponsorlogo.pngCohnReznick LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State board of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Leave a Reply

Subscribe Here