Webinar: Partnership Agreements Essentials for LIHTC Projects - a Developer's Perspective


March 7, 2017
2:00 to 3:30 PM EST


Renate Harrison, Esq; Susan Sturman Jennings, Esq; Vinnie Viola, HCCP, MPA

So, what exactly is the purpose of a limited partnership agreement (LPA) in a partnership that leverages Low-Income Housing Tax Credit (LIHTC) equity to build affordable rental housing? More importantly, what are the essential LPA terms, conditions, obligations, covenants and responsibilities that you REALLY must understand as developer and/or general partner in a tax credit partnership? Failure to adhere to or effectively implement LPA requirements and standards or inability to satisfy negotiated benchmarks and tax benefits promised to the investor can directly impact the developer’s financial bottom line and business reputation. If you work in an organization that develops and operates LIHTC multifamily housing and would benefit from seasoned experts’ insights on the LPA or simply have limited experience navigating an LPA, this webcast is for you-- in particular if you are looking for some insights on how potential corporate tax reform is impacting partnership agreement terms and pricing.

Training Agenda

Purpose of Limited Partnership Agreement
Partnership Formation & Structure
Ancillary Legal Agreements
What You REALLY Need To Understand in the LPA
      Capital Contributions
      Projected Tax Credit Amount & Equity Adjusters
      Rights, Powers & Obligations of the GP
      GP Limitation on Authority
      ILP Rights
      Cash Waterfall and Distributions
      Lifecycle Reporting Obligations
      LPA Exhibit - LIHTC Financial Model
      Year-15 Dispositions
Industry Updates – Impact of Potential Tax Reform on LIHTC Partnerships
Tips for Successfully Managing a LIHTC Partnership

Should I Attend this Webcast

This training is ideal for tax credit professionals that need to understand the bottom line when it comes to effective administration of LIHTC partnerships:

  • General partners, managing members, developers and guarantors
  • Asset Managers that interact with tax credit project stakeholders
  • Senior property management staff
  • Others interested in a developer’s perspective on LIHTC LPAs

Registration fee: 


Type of event: 

Partner Events

Learning area: 

Real Estate Development


Birch Island Real Estate Consulting