LIHTC 301: Advanced LIHTC Financing
January 6, 2016
Registration & Breakfast
8:00-9:00 pm
Welcome & Introduction
9:00-9:15 am
Sources and Uses, Eligible Basis Issues and Taxable Income
9:15-10:30 am
- Offsite improvements
- Land vs. land improvements
- Bond issuance costs
- Construction/perm loan fees
- Taxable income
Break
10:30-10:45 am
First Year Credit Calculation, Internal Rate of Return and 704(b) Issues
10:45 am-Noon
- First year credit calculation
- Maximizing first year credits, lease up for acq/rehab deals and basis cushion
Luncheon
Noon-1:00 pm
Revenue and Expenses, Equity Market
1:00-2:00 pm
- Equity market
- 9% floor
Break
1:50-2:00 pm
Year 15 Options, Historic Boardwalk Case
2:00-3:00 pm
- Early exit
- Year 15 exit
- Qualified contract
- Resyndication