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

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 a 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. Failure to properly structure the project initially and failure to structure the deal at the end of the compliance period can have disastrous tax consequences. This live webinar will address the options, the potential tax consequences and how to evaluate what is the best option for a project.

Learning Objectives:

- You will be able to discuss what the owner can do after the end of the compliance period?

- You will be able to review considerations on front end of transaction.

- You will be able to define debt modification.

- You will be able to explain related parties under § 108(e)(4).