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BuzzHouse: Maximizing your LIHTC deal: LOIs and partnership agreements

Baker Tilly’s podcast series specifically for professionals in the multifamily housing industry

On this episode of BuzzHouse, we discuss hot topics around LIHTC deals, with a special focus on components of equity LOIs and partnership agreements. Our guest, Jon Peterson of real estate and construction law firm Winthrop & Weinstine, will share what he is seeing in special allocations in LIHTC deals and trends with bond deals.

You will learn how owners in Year 15 exits can negotiate LPA disclosures to address some of the exit issues that are coming up in new deals, opportunities to negotiate the upward adjuster in case of a fixed 4% credit rate, as well as some key things to think about while in negotiation with your limited partnership agreements.

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Next episode: Tax prep for affordable housing projects

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Special guest:

Jon Peterson, Real Estate Development Attorney and Shareholder at Winthrop & Weinstine

Jon Peterson has a background in investment banking, law and tax, and an emphasis in affordable housing development and tax credit financing. Through his 19 years with Winthrop & Weinstine, he has helped real estate clients with risk management, project financing options, financing strategies and legal work.

Meet the hosts:

Donald N. Bernards, Partner at Baker Tilly

Don Bernards, the partner in charge of Baker Tilly’s housing transactions team, has been active in affordable housing since 1999. He is well-versed in tax issues, structuring affordable housing transactions and identifying major risks in a project. He has worked on affordable housing transactions in 26 states.

Garrick Gibson, Partner at Baker Tilly

Garrick Gibson, a partner on Baker Tilly’s housing transaction team, specializes in partnership tax concepts and tax-incentivized real estate for development projects. He uses his 15 years of experience to structure, model and analyze transactions, acquisitions, dispositions and reorganization of real estate, primarily representing developers.

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