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Lending on Low Income Housing Tax Credit Projects

Feb 14 2:00 PM - Feb 14, 2022 3:30 PM
Feb 14, 2022 2:00 PM - 3:30 PM
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Community involvement is at the heart of the credit union movement. Low Income Housing Tax Credit (LIHTC) projects are a great way to support your local community as well as grow your earning assets. This session will clearly show you how to participate in these worthwhile programs.

Learning Objectives

  • Explain how the LIHTC program works
  • Understand the lending rules under the LIHTC program
  • Distinguish between the 9% and the 4% tax credits
  • Explain how to use the federal tax credits as equity in the project
  • Define the special loan documents that are required for a LIHTC project

Credit unions are interested in becoming involved with multi-family affordable housing projects. The most well-known program is the Low-Income Housing Tax Credit (LIHTC) program, where federal tax credits provide the necessary equity capital to make the multifamily affordable housing project financially feasible. Credit unions can act as the construction lender or the tax credit bridge lender. This webinar will explain the LIHTC program from a lender’s perspective and how it can assist an affordable housing project in satisfying your credit union’s underwriting standards.



Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections