Webinar: 2020 Update on the Low Income Housing Tax Credit

Recorded December.23.2020

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%