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OnDemand Course

Sell, Hold or Resyndicate: What to do at the End of the Housing Tax Credit Project

Understand the tax credit options both when initially structuring a project and when evaluating what to do in year 15.

Owners of tax credit projects are faced with numerous options at the end of the tax credit compliance period. They can sell the project subject to the use restrictions, attempt to have the use restrictions removed by offering the project for sale pursuant to qualified contract, continue to own the project or attempt to get new low-income housing tax credits. These decisions can also impact lenders, investors and governmental entities involved with the project. An owner's options may be limited by decisions made when the project is developed. Consequently, the parties involved in a low-income housing tax credit project and their counsel need to understand the options both when initially structuring a project and when evaluating what to do in year 15. This information will cover the impact of recent tax law changes, including changes in depreciation, interest deductions, and unique opportunities for projects in Qualified Opportunity Zones. Failure to properly structure the project initially and failure to structure the deal at the end of the compliance period can have disatrous tax consequences. We will address the options, the potential tax consequences and how to evaluate what is the best option for a project.

90 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Documents and Facts Do You Need to Do to Evaluate Options in Year 15?

What Are Some of the Tax Issues That Need to Be Considered?

  • Capital Accounts and Exit Tax
  • Debt Modification

Restructuring Options

  • Sell Subject to Existing Restrictions
  • Sell Pursuant to Qualified Contracts
  • Purchase Property at Fair Market Value
  • Purchase Property Subject to ROFR Under 42(i)(7)
  • Put
  • Acquire Limited Partnership Interest
  • Resyndicate

Structuring the Transaction to Maximize Options

  • Balancing Losses and Investor Return
  • Impact of Tax Cuts and Jobs Act on Options
  • Debt Structuring
  • Elections Made in Tax Credit Application, Carryover, and 8609
  • Terms of LURA
  • Use of Qualified Opportunity Zone to Minimize Exit Tax Issues
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on February 13, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Angela M. Christy

Angela M. Christy

Faegre Baker Daniels

  • Partner at Faegre Baker Daniels LLP
  • Practice emphasizes real estate development, particularly housing and community development and low-income housing tax credits
  • Former chair of the ABA Forum on Housing and Community Development Law
  • Member of the American College of Real Estate Lawyers (ACREL)
  • Chambers USA: Leading Lawyer for Business, real estate, 2008-2017
  • Top 100 Super Lawyers in Minnesota
  • Co-chair of the Minnesota Real Estate Institute for more than 20 years
  • Who’s Who Legal: Real Estate, 2018, one of two Minnesota attorneys listed
  • Can be contacted at (612) 766-6833 or [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 404997
Published 2019
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