The housing credit program is now almost 30 years old, so when we talk about “old deals,” we’re increasingly referring to older tax credit transactions. Did you realize that some practices originally employed to maximize tax credits and optimize developer fees will impact the investor’s sale calculations during partner exits? In this presentation, CSH’s Todd Fentress and Chadd Weisert explored ways to mitigate this unintended consequence, and also cover:
- Exit strategies
- Options for negotiating the sales price
- What happens when the tax code and the partnership agreements differ
- The impact of positive capital accounts on cash distributions
