Exit Strategies for Section 42 Low-Income Housing Property

• Overview
• Agenda
• Faculty
• Credits

Benefits

Congress enacted the Low Income Housing Tax Credit under Section 42 of the Internal Revenue Code in 1986. The first tax credit projects received tax credits in 1987. Those early projects, constructed between 1987 and 1994, have or will soon be completing their first 15 years of occupancy and the Internal Revenue Service 15 year tax credit compliance period required under Section 42 of the IRS Code. Some of those early projects will be subject to continuing housing income and/or rent restrictions, whereas some will not. This teleconference will help owners and investors in those early LIHTC projects determine how they should proceed with the ownership of their projects and explore various transfer alternatives as well as refinancing and recapitalization opportunities. It will also discuss the latest IRS rulings affecting these developments, as well as explore issues specific to HUD-financed projects.