RDEV689B Current Topics in Real Estate Development; Financing and Investing with Historic, Low-Income and New Market Tax Credits

Course

Overview

Faculty Assigned
Credits
3
Term
Spring 2014

Synopsis

Catalog Description

Many new income producing real estate projects as well as many rehabilitation projects meet the criteria for various tax credits (federal, state and local) making tax credits a potential equity source for a wide variety of projects. To qualify for tax credits, a developer must understand the various tax credit programs, their application, impact on the project and project structure, the monitoring and reporting requirements, and the syndication and investment markets to turn credits into equity. This course provides an understanding and, through various spreadsheet exercises, practical application on how the rehabilitation tax credits (historic), low-income housing tax credits, and new market tax credits - are used to enhance equity.

Prerequisites

Permission of department; must have completed one of the following: URSP664 Real Estate Development for Planners (3), RDEV688B, or RDEV630 Fundamentals of Real Estate Development and Finance (3). Preferable to have completed RDEV688F.