Year 15 is an important time for Low-Income Housing Tax Credit (LIHTC) properties. Generally, investors are ready to dispose of their interest at this time, there are tax implications to consider, and it is likely that many debt products are coming due. This is when partners must decide on the future of the property but it is not a simple process, and the longer you wait the more difficult it gets.
This video offers a high-level overview of the year 15 exit process including when to start, what your options are and things to consider for each exit strategy.
For more information on this topic, or to learn how Baker Tilly affordable housing specialists can help, contact our team.