Novogradac Financing LIHTC Properties Using Private Activity Bonds Webinar

Thursday, November 9, 2017 - 10:00am to 12:00pm
November 9, 2017 - 10:00am to 12:00pm

*Note: This webinar airs from 1 to 3:00 p.m. ET (10 a.m. to 12:00 p.m. PT)

Instructors

webinars headshot panelist  wayne michael
webinars headshot panelist matthew bissonette
Wayne Michael
Director of External Education
Novogradac & Company LLP

Matthew Bissonette
Director
Citi Community Capital

Christine Rankin
webinars headshot panelist mark sween
Christine Rankin
Managing Associate - Public Finanace
Orrick, Herrington & Sutcliffe LLP
Mark Sween
Vice President
Dominium

Webinar Description

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.

Praise from Past Attendees

Outline

  • Overview of affordable housing finance and need for debt and equity
  • Overview of public (tax-exempt) vs. private (taxable) bonds
  • Introduction to Internal Revenue Code Section 142(d) and private-activity tax-exempt bonds
  • Nationwide bond volume cap utilization
  • 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
  • Bond financing timeline
    • Preparation period, bond financing period, construction period, permanent period
    • Sources and uses in the construction period vs. the permanent period
  • The 50 percent test
  • The 2 percent cost of issuance limitation
  • Good costs/bad costs (95-5 test)
  • The 25 percent land cost limitation
  • Bond reviewing agency and enforcement agency
  • Form 8703 – Annual certification of a residential rental project

CPE Information

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.

Terms and Conditions

Receiving Login Info and Handouts

Registration Rates

This webinar pricing

Standard: $120
Nonprofit: $105
Multiple Registrations: $105/person ($90/person for nonprofits)

Bundle pricing for this webinar and the Nov. 2 Novogradac Private Activity Bond and 4 Percent LIHTC Overview Webinar
Purchase bundle on 11/2 webinar page

Bundle - Standard: $185
Bundle - Nonprofit: $145
Multiple Registrations for bundle: $155/person ($125/person for nonprofits)

$120.00