Opa-locka Community Development Corporation just won a landmark decision in the fight to preserve affordable, locally-owned housing for nonprofit developers participating in the Low Income Housing Tax Credit (LIHTC) program. A new breed of economic investors, “aggregators”, have been purchasing limited partner interests from the initial limited partners in LIHTC agreements with a goal of ‘cashing out’ at Year 15. This panel, featuring Year-15 Exit Dispute attorney David Davenport, will discuss the latest win in the 11th Judicial Circuit Court of Miami-Dade County, as well as Year 15 aggregator red-flags, so that non-profit developers of tax credit properties can best protect themselves, their affordable housing developments, and the communities they serve. At a time when some private investors use their wealth, resources, and sophistication to take advantage of non-profits, this panel will cover how to take this win, and build a strategy state- and nation-wide.
For more information or to register, visit https://resilientcommunitiesforum.org/