Recorded December.23.2020 | December.28.2020
One of the highlights of the recently passed COVID Relief Legislation bill is the permanent minimum 4% Low Income Housing Tax Credit rate. Orrick and guest panelists discuss this new legislation and its effect on affordable housing projects. Topics addressed include:
- Which buildings are covered by the new law
- How the effective date will apply to draw down deals
- The issue date of the “obligation” vs the issue
- The interaction between the permanent rate and the 50%