David Davenport will be speaking at the Florida Housing Coalition Conference, as a panelist on “Navigating the Challenges at Year-15 with Difficult Partners in LIHTC Partnerships.” The panel will discuss Opa-locka Community Development Corporation’s win of a landmark decision in the fight to preserve affordable, locally-owned housing for nonprofits 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 will discuss our latest win in the 11th Judicial Circuit Court of Miami-Dade County, as well as Year 15 aggregator red-flags, so that non-profit owners of tax credit properties can best protect themselves, their affordable housing developments, and the communities they serve. At a time when private investors use their wealth, resources, and sophistication to take advantage of non-profits, we are happy to have this decision in our arsenal. Come hear our panel to learn how to take this win, and build a strategy state and nation-wide.
For more information or to register, please click here.