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Syndication Leasing Structures How Tax Credits Become Capital: When and How to Syndicate Panel USING HISTORIC TAX CREDITS IN NEW YORK June 24, 2009
The Rehabilitation Tax Credits Internal Revenue Code Section 47
Tax Credit Investor LLC Tax Credit, LLC (Property Owner) Tax Credit, LLC (Property Owner) Tax Credit Investor Single Entity Structure Tenants Rental Payments Construction/ Perm Lender Managing Member (Developer Affiliate) Managing Member (Developer Affiliate) Historic Tax Credit Equity 99.99% Credits, Profits & Losses and Cash Flow Loan Proceeds Debt Service Payments.01% Credits, Profits & Losses, Fees and Cash Flow Developer Equity Developer Dev. Fee
Tax Credit Investor LLC Master Tenant, LLC (Master Tenant) Master Tenant, LLC (Master Tenant) Landlord, LLC (Property Owner/Lessor) Landlord, LLC (Property Owner/Lessor) Master Lease/Credit Pass-Through Structure Sub-Tenants/ End Users Rental Payments Construction/ Perm Lender Managing Member (Developer Affiliate) Managing Member (Developer Affiliate) Historic Tax Credit Equity 99.99% Credits, Profits & Losses, and Cash Flow Loan Proceeds Debt Service Payments.01% Credits, Profits & Losses, Fees and Cash Flow Developer Equity >50% Profits & Losses, Fees and Cash Flow Pass-through of Historic Tax Credits & Share of Residual Lease Payment & Equity Investment <50% of Landlord Profits & Losses
Andrew Potts, Esq. 401 9 th Street, NW Suite 900 Washington, DC 20004 202.585.8337 202.585.8080 (Fax) firstname.lastname@example.org Thank You
Developing Imaginative Strategies for Higher Education Institutions to Capitalize on the New Markets Tax Credit Program June 28, 2007 Robert Fenning, Old.
Historic Tax Credits for Developers: A Guide to Syndication and Beyond 10:45am – 12:15pm Thursday, February 8 Combining Historic Tax Credits and New Markets.
ENERGY INVESTMENT TAX CREDITS James F. Duffy, Esquire Nixon Peabody LLP 100 Summer Street Boston, MA (617)
Special Issues for Projects Involving Nonprofits IPED Housing Tax Credits 101 March 5-6, 2009 Molly R. Bryson Thomas A. Giblin.
Special Issues for Projects Involving Nonprofits IPED Housing Tax Credits 101 February 22-23, 2007 Molly R. Bryson Thomas A. Giblin.
2009 Historic Tax Credits For Developers Conference All Information Contained in the Document is intended for the purpose of education and may not be reproduced.
By: Merrill Hoopengardner, Esq. and Aleks Frimershtein, Esq.
Historic Tax Credits (in 10 minutes or less) Housing Tax Credit Conference 101 October 16, 2008 Boston, MA Presented by Daniel J. Kolodner, Esq., Nixon.
Laying the Foundation: The Basic Tax Rules Governing HTCs NCSHPO/National Historic Tax Credit Conference September 24, 2008 Chicago, IL Presented by Daniel.
Asset Management of Debt and Equity Investments Presented by: Armando Pérez Principal, Director of Asset Management.
PRODUCTION TAX CREDIT BASICS
The Basics of Solar Tax Credits Forrest Milder Herb Stevens © 2008.
Using Historic Tax Credits in New York Combining HTCs and NMTCs Wednesday, June 24, 2009.
Michael J. Goldman, Esq. Donald Nimey, CFA, FRM Daniel J. Smith, CPA.
How Credits Become Capital: When and How to Syndicate Incentives for Historic Preservation in Detroit Thursday, June 5, 2008 The Detroit Athletic Club.
HTC Deal StructuresStep by Step IPED HTC Developers Conference February 8, 2008 Mark Einstein.
1 CRITICAL TAX ISSUES IN TODAYS HOUSING TAX CREDIT TRANSACTIONS: DEFERRED DEVELOPMENT FEES San Francisco, California July 24-25, 2008 Molly R. Bryson.
USING THE PRODUCTION TAX CREDIT James F. Duffy, Esquire Nixon Peabody LLP 100 Summer Street Boston, MA (617) (866) (fax)
Historic Tax Credit Equity Syndication Basics Historic Tax Credit Developers Conference Thursday, February 5, 2009 Miami Beach, Florida.
Twinning Historic Tax Credits and New Markets Tax Credits Charlie Werhane Vice Chairman/COO Enterprise Community Investment, Inc. November 8, 2007.
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