The Institute for Professional and Executive Development will be hosting a conference on tax credit property dispositions in Chicago, IL June 14 – 15, 2012
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 26 years, this highly successful program has produced over 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 must be addressed before a property can be successfully re-positioned.
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 will include Year 15, structuring qualified contracts, options and rights of first refusal, portfolio assessment, assessing the property disposition at Year 15 and before, and executing general partner transfers during the compliance period.