Lending on Low-Income Housing Tax Credit Projects
Community involvement is at the heart of community banking. Low-Income Housing Tax Credit (LIHTC) projects are a great way to support your local community, grow your earning assets, and earn CRA credits. This session will clearly show you how to participate in these worthwhile programs.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain how the LIHTC program works
- Understand the lending rules under the LIHTC program
- Distinguish between the 9% and the 4% tax credits
- Explain how to use the federal tax credits as equity in the project
- Define the special loan documents that are required for a LIHTC project
Community banks are interested in becoming involved with multi-family affordable housing projects. The most well-known program is the Low-Income Housing Tax Credit (LIHTC) program, where federal tax credits provide the necessary equity capital to make the multi-family affordable housing project financially feasible. Community banks can act as the construction lender, tax credit bridge lender, or even as the tax credit investor. This webinar will explain the LIHTC program from a banker’s perspective and how it can assist an affordable housing project in satisfying your bank’s credit underwriting standards.
WHO SHOULD ATTEND?
This informative session is designed for loan officers, loan operations personnel, compliance personnel, managers, auditors, and others that deal with affordable housing and tax credit loans.
- Loan closing checklist for LIHTC projects
- PDF copy of the slides
- Employee training log
- Interactive quiz
MEET THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a master of business administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.
- $245 – Live Webinar Access
- $245 – OnDemand Access + Digital Download
- $320 – Both Live & On-Demand Access + Digital Download