Increasingly, PHFA serves as a conduit issuer of taxexempt bonds for multifamily projects – bonds that provide a 4 percent tax credit if the borrowers finance at least 50 percent of the basis of the property. Applications for this means of financing are on an upswing, as other competitive tax credits are scarce and projects with federal resources, or projects involving preservation, are being encouraged to use this under-subscribed resource. This Housing Forum session will identify recent trends and discuss current executions of multifamily tax-exempt bond financing.
Panelists:
John Zapotocky, Manager of Finance and Accounting,
PHFA
Susan Belles, Manager of Loan Programs, PHFA
George Magnatta, Partner, Saul Ewing LLP
Melissa Smith, Senior Vice President, Tax Credit Investments, Wells Fargo
Webcast presented by: BUCKEYE COMMUNITY HOPE FOUNDATION. Learn more at www.buckeyehope.org.
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