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Lemle & Wolff recently completed the acquisition and revitalization of a large distressed portfolio in the South Bronx. It was one of the most challenging projects in the firm’s 75-year history. Goldstein Hall helped us devise creative solutions for this effort. For five years, they were an integral part of our successful redevelopment team.
-- Michael Sturmer
Event Details
The Emerging Issues In The Expiring-Use Affordability Crisis
Tuesday, October 13th, 2020
Webinar : 10:00 AM - 11:30AM (EST)
Join Goldstein Hall PLLC and CohnReznick LLP for a discussion about the rights an investor partner has in a Low-Income Housing Tax Credit project and how those rights CAN be exercised to protect its investment, profit, and control of the project – whether exiting or remaining after Year 15.
Topics include:
- The statutory framework of Low-Income Housing Tax Credit projects, including the underpinning tax principles
- How to pre-empt the concerns a not-for-profit partner may have as Year 15 approaches and the investor partner prepares to exit
- Calculating capital accounts and the significance of a negative capital account
- Analyzing potential waterfall distributions and ROFR implications
- Recent legal developments
**This webinar is anticipated to qualify for one CPE credit.
Speakers (from left to right): Winell Belfonte, CPA, Partner, CohnReznick LLP, Mark J. Kavanaugh, CPA, Partner, CohnReznick LLP, Brian Hsu, Partner, Goldstein Hall PLLC, Brian J. Markowitz, Partner, Goldstein Hall PLLC
