CPE: 6.27 LIHTC Year 15 webinar


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Novogradac & Company LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Instructional delivery method: Group internet

Learning Objectives: 

  • Identify the factors that cause an LP capital account to go negative vs. strategy that can keep it positive
  • Define the right of first refusal under IRC 42(i)(7)
  • Calculate gain/loss on limited partner exit
  • Calculate the amount the GP needs to pay the LP in a buyout to cover the LP’s taxes on any gain on liquidating sale
  • Identify motivations for both the GP and LP in wanting the GP to buyout the LP’s interest prior to Year 15 as well as both parties’ motivations for not wanting an early buyout
  • List benefits to partners of refinancing the property at or prior to Year 15
  • Calculate the funding sources needed to satisfy the cash uses in a deal resyndication
  • Define the 10-year-hold rule and the tack-back rule
  • Apply the grandfathering rule to existing low-income qualified tenants
  • Identify when LIHTC rents must be reset during syndication
  • List the basic rules associated with a qualified contract

Level: Intermediate

Prerequisites: A basic understanding of how the LIHTC program works

Advance preparation required: None

Field of Study: Specialized knowledge 

Credit Hours: 2

Note: Multiple paid registrants within an organization may choose to watch the webinar on one screen. In situations where small groups view a webinar, for multiple members of the group to claim CPE credit it is not necessary for the individuals in the group to respond to polling questions individually. The person logged into the program may respond to the polling on behalf of the group and the monitoring of active participation of the individuals in the small group will be documented and verified by the small group administrator.

If you are watching the webinar in a group and wish to be eligible to claim CPE credit for multiple members of the group, please print and fill out the Small Group Sign-In Sheet (also provided during the webinar) and submit it to [email protected]

Policy for addressing concerns or issues with Continuing Professional Education delivered by Novogradac & Company 

Please address any questions or concerns regarding CPE at Novogradac & Company workshops, webinars or on-demand courses to the Events Desk at 415-356-7970 or [email protected].

Unresolved issues or concerns regarding registered CPE sponsors may be reported to the National Registry of CPE Sponsors and submitted online at www.nasbaregistry.org/cpas/complaints.

Note also that although recordings of most webinars are available for purchase, unless specifically stated, CPE is NOT available for webinar recordings.