​Partnership Agreement Essentials for Tax Credit Projects - A Seasoned Asset Manager's Perspective

LEARNING AREA: Economic Development


1 hour 30 minutes




About the Training

What exactly is the purpose of a limited partnership agreement (LPA) in a partnership that uses Low-Income Housing Tax Credit (LIHTC) equity to develop affordable rental housing? More importantly, what are the essential LPA terms, conditions, obligations, covenants and responsibilities that you REALLY must understand as a stakeholder in a tax credit partnership? If you work in an organization that develops, operates or invests in LIHTC multifamily housing and would benefit from a seasoned expert's’ perspective on the LPA or simply have limited experience navigating this essential document, this training is for you.


Join seasoned tax credit asset manager Vinnie Viola for a 90-minute training that covers the essentials of LIHTC partnership agreements. He'll review the key frequently referenced terms and sections of a typical LPA. Attendees may submit questions for discussion and participate in on-screen polls.​​ 


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

·Tips for Successfully Managing a LIHTC Partnership More Details

Registration fee