Novogradac Financing LIHTC Properties With Private Activity Bonds Webinar - 2021

Friday, March 19, 2021 - 10:00am to 12:00pm
March 19, 2021 - 10:00am to 12:00pm
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This webinar airs from 1 to 3:00 p.m. ET (10 a.m. to 12:00 p.m. PT)  

This course presents a basic overview of how development teams can use private activity bonds and 4 percent low-income housing tax credits (LIHTCs) to finance affordable multifamily rental housing properties.

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Wayne Michael, CPA, NPCC, HCCP
Senior Director of Education
Senior Associate - Public Finance
Orrick, Herrington & Sutcliffe LLP
Mark Sween
Vice President and Project Partner
Matthew Bissonette
Managing Director

Topics Covered

  • Players in a bond transaction and their roles
    • Borrower, issuer, underwriter, purchasers, credit enhancer, lender, trustee, bond counsel
    • Fees/capital stack
  • Major documents
    • Inducement resolution, loan agreement, regulatory agreement, tax certificate, mortgage or deed of trust, trust indenture, bond purchase agreement, official statement
  • Direct bond issue structure vs. public bond offering structure
    • Difference in interest costs
  • The 50 percent test
  • Bond financing timeline
    • Preparation period, bond financing period, construction period, permanent period
    • Sources and uses in the construction period vs. the permanent period
  • The 2 percent cost of issuance limitation
  • The 95-5 test
  • The 25 percent land cost limitation

Target Audience

This course is designed for those who have a basic understanding of affordable housing and low-income housing tax credits (LIHTCs) as well as for those who’ve worked in the industry for a few years and are looking for a refresher or who've worked with 9 percent LIHTC deals but not 4 percent LIHTC/bond deals.

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Receiving Login Info and Handouts
CPE Information

Registration Rates*

Standard: $130
Nonprofit: $110
Multiple Registrants: $115/person ($95/person for nonprofits)

For questions or registration assistance, please contact us at 415-356-7960 or email [email protected]

*The registration fee for live online webinars and for webinar recordings covers a SINGLE VIEWER ONLY. If multiple persons within an organization wish to view the webinar and/or its recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.