Novogradac Financing LIHTC Properties Using Private Activity Bonds Webinar

Thursday, March 19, 2020 - 10:00am to 12:00pm
March 19, 2020 - 10:00am to 12:00pm

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.
 

Praise from Past Attendees
View Excerpt From Webinar

Instructors

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

Topics Covered

  • Overview of affordable housing finance and need for debt and equity
  • Introduction to Internal Revenue Code Section 142(d) and private-activity tax-exempt bonds
  • 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.

 

Registration Rates*

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

*The standard for nonprofit registration fee for live webinars and for webinar recordings covers a single viewer only. If multiple persons within an organization wish to view the webinar and/or it's recording (regardless of whether they view it on a single computer or multiple computers), the organization must purchase a registration for each person.