Beginner's Guide to Tax-Exempt Bonds for Affordable Housing.

• Author: Hollis, Alysse.
• TeilnehmendeR: Froehlich, Richard.
• Place / Publishing House: La Vergne : : American Bar Association,, 2017.; Ã2017.
• Year of Publication: 2017
• Language: English
• Physical Description: 1 online resource (48 pages)

Table of Contents

• Intro
• Title Page
• Copyright Page
• Contents
• About the Authors
• Introduction
• I. Chapter Overview
• II. Eligible Projects
• Chapter 1 General Legal Framework
• I. Types of Tax-Exempt Bonds
• Chapter 2 Parties/Process/Roles of Counsel
• I. Parties
• A. Issuer
• B. Borrower
• C. Underwriter/Bond Purchaser
• D. Equity Investor
• E. Trustee
• II. Process and Procedure
• A. Inducement
• B. TEFRA Approval
• C. Authorizing Resolution
• 1. Standard Documentation
• D. Roles of Counsel
• Chapter 3 Tax and Securities Core Concepts
• I. Internal Revenue Code Requirements
• A. Good Costs/Bad Costs
• B. 15% Rehabilitation Requirement
• C. Functionally Related and Subordinate Facilities
• D. Volume Cap
• E. Substantial User
• F. Additional Rules
• II. Securities Act Requirements
• A. Rule 10b-5
• B. Rule 15c2-12
• Chapter 4 Specific Structures
• I. Credit Enhancement-Fannie, Freddie, and FHA
• II. The Financial Crisis and the Changing Landscape
• A. Federal Support for Affordable Rental Housing
• III. Conclusion
• Chapter 5 Recycled Bonds and Bifurcated Structures as Tools for Multifamily Housing
• I. The Provisions
• A. Recent Use of Volume Cap
• B. Annual Volume Cap (2011-14)
• C. Volume Cap Used (2011-14)
• D. Volume Cap Carry Forward
• E. Prior Years Carry Forward Abandoned: 2011-14
• II. Challenges to Using Recycling Authority
• III. Bifurcation
• IV. Recycled Bond Case Studies
• A. St. Ann's Terrace
• B. Ocean Village
• C. The Tiffany
• D. University Avenue Consolidated (UACIII)
• E. The Bradford
• F. 160 Madison
• V. Bifurcated Case Study
• A. 261 Hudson Street
• B. Combining Recycling and Bifurcation
• C. Applicability.