AH261 New Strategies: Conversion of LIHTC properties to Condo or Co-op OwnershipConversion of tax credit rental to condo/coop ownership is now possible under new IRS private letter rulings; the ownership structure will retain long term affordability for households under 60% MFI. This class for seasoned practitioners will cover the IRS requirements of developers and states; how to select properties that are appropriate for conversion; the business approaches to profitable conversion; the advantages of the two approaches (coop and condo); and the resident education on homeownership and property operations needed for success. Instructors are the leading experts in the specifics of these transactions: Steven Stogel DFC Group primary developer behind the first condo conversions being executed and Terry Lewis, coop development expert.Course length: 1 Days Tuition: $ 460 Course counts toward a professional certificate: No |
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