Equity financing has been a significant source of project capital for developers of affordable housing developments in recent years. Today, the downward shift in the capital markets has resulted in fewer capital dollars available for investment and more rigorous investment standards. It is now more important than ever to understand how the "sale" of low-income housing tax credits transpires, what syndicators of the tax credit (and their investors) care about, what the implications and incentives are for developers who use equity financing, and how the various legal documents work to memorialize these complicated transactions.
This program will provide participants with an overview of the basic legal structure of low-income housing tax credit projects while offering first-hand insight into the principal business considerations of its investors and developers. A syndicator, developers consultant and their respective counsel will discuss salient deal terms and supporting documentation for tax credit equity financing.
- Understanding the Organizational Structure, Flow of Capital and Tax Benefits
- Choosing the Right Equity Partner
- Soliciting the Offer
- Making Equity Proposal
- Negotiating the Deal
- Drafting the Documents
- Understanding the Marketplace Today
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
