Join CohnReznick and Goldstein Hall PLLC for a discussion about the rights an investor partner has in a Low-Income Housing Tax Credit (LIHTC) project and how those rights can be exercised to protect their investment, profit, and control of the project – whether exiting or remaining after Year 15. Topics to be discussed include:
- The statutory framework of LIHTC projects, including the underpinning tax principles
- How to preempt the concerns a not-for-profit partner may have as Year 15 approaches and the investor partner prepares to exit
- How to calculate capital accounts, and the significance of a negative capital account
- Analyzing potential waterfall distributions and right of first refusal (ROFR) implications
- Recent legal developments
This webinar is anticipated to qualify for one CPE credit and will be held Oct. 13 from 10-11:30 a.m. ET. As always, on-demand will be available for those who cannot make the live time.
Almost three years after the passage of the TCJA brought to life the first new community development tax incentive in nearly 20 years, there’s still far more that we don’t know than we do know about the rules of the road for Opportunity Zones (OZs). In a three-part discussion, we and a slate of guest speakers will share what we have learned so far and work through misinformation, wishful thinking, and confusion. We invite investors, fund managers, developers, and, most importantly, community members to join us for this virtual event to kick-start a dialogue about the promise and challenges related to OZs.
Join one, two, or three:
- 1 p.m. ET | Panel 1: OZs and the first 100 days of the new administration
- 1:50 p.m. ET | Panel 2: Maximizing sustainable impact and community benefit in OZs
- 2:40 p.m. ET | Panel 3: How to catalyze operating businesses in OZs
Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.
Affordable Housing News & Views
InsightThe Guide to Making Opportunity Zones WorkOpportunity Zones were created to encourage economic activity in struggling communities. Read our guide for investors, fund managers, and other stakeholders
Press ReleaseCohnReznick publishes The Guide to Making Opportunity Zones WorkNew Book Outlines Keys to Success for Investors, Developers, Entrepreneurs, and Community Leaders as COVID-19 Heightens the Urgency for Investment in Distressed Communities
InsightComing soon: ‘The guide to making Opportunity Zones work’The OZ Program aims to encourage economic activity in struggling communities. Preview our guide for investors, fund managers, and other stakeholders.
InsightAFFORDABLE HOUSING: The latest on Section 163(j) limitation on business interestRead the highlights most applicable to affordable housing partnerships of final and proposed regulations on business interest expense under Section 163(j).