Sept. 27, 2022: Considerations for LIHTC Properties at Year 15

Published by Michael Novogradac on Tuesday, September 27, 2022 - 11:00am

Year 15 for low-income housing tax credit properties–the end of the initial compliance period and when the investor partner often has received substantially all its tax benefits–is a crucial period for affordable housing properties. In today’s podcast, Michael Novogradac, CPA, and Novogradac partner Kevin Wilson, CPA, discuss the issues that arise and considerations for LIHTC properties at Year 15. They discuss when to start addressing such issues and what to review, then look at the goals of the partners, needs and desires of tenants, physical condition and fiscal condition of the property and the rights of various partners. They wrap up by looking at the options for various partners at Year 15.