This foundational webinar will define and describe the significance of Year 15 while building up to substantive transactional strategies to set your project up for success.

The last 7 to 8 years has seen aggressive investor attempts to extract value from LIHTC projects and/or displace a project’s general partner at Year 15. This panel will discuss Purchase Options and IRC Section 42 Rights of First Refusal in great depth, along with a review of recent court cases.

While practitioners have sought simplification of the LIHTC rules for years, many state and local actors have begun to address the harsh outcomes of many Year 15 disputes.  This panel will discuss efforts to influence local, state and federal policy with respect to the IRC Section 42 Right of First Refusal.

After the execution of a letter of intent, developers are then faced with negotiating an extensive operating agreement with subject matter which was not addressed in the letter of intent. This panel will incorporate a workshop type format to convey helpful strategies in negotiating Year 15 provisions in your transactional documents.

Resyndication and Refinance strategies should be evaluated well in advance of Year 15.  This panel will discuss the penumbra of investor exit, resyndication and refinance strategies, with an emphasis on supportive housing.