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Beginner's Guide to Tax-Exempt Bonds for Affordable Housing
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
La Vergne :
American Bar Association,
2017.
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| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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