Advanced Tax Credit Issues: Impact of Tax Reform on LIHTC Transactions
Tuesday, November 6: 2:00pm – 3:15pm
Discuss the effects of the Tax Cuts and Jobs Act on LIHTC Transactions, including:
- • Alternative depreciation system / real property trade or business election
- • Bonus depreciation
- • Reduction of corporate tax rate
- • Bonds — how to structure highly-leveraged transactions, particularly bond deals, in light of the shortening of the ADS recovery period for residential rental property to 30 years
- • Tax-exempt loan interest rate adjustments
Jordan R. Carr, Barnes & Thornburg
Jordan R. Carr is a partner in Barnes & Thornburg's Columbus, Ohio, office. He is a member of the Real Estate Department and the Community Development and Tax Credit Finance Practice Group with a focus on community and economic development, including low-income housing tax credits, new markets tax credits and historic-rehabilitation tax credits, commercial leasing and general real estate matters. Mr. Carr represents syndicators, investors, funds and financial institutions in the acquisition, financing, sale and disposition of interests in real estate developments, as well as in the acquisition of equity interests in low-income housing tax credit and historic-rehabilitation tax credit projects. These transactions frequently involve a variety of funding sources, such as traditional construction and permanent loans, state and federal tax credits, equity, HUDand USDA Rural Development-insured loan products, tax-exempt and taxable bonds, Section 8 and USDA Rental Assistance subsidies, non-profit and governmental grants, and a variety of state and local loan programs. Mr. Carr also represents developers and operating companies in various matters including property acquisitions and dispositions, financing and refinancing real property and equipment, obtaining and granting easements and the negotiation of commercial leases and subleases on behalf of tenants and landlords. Upon graduating from Ohio University with a B.B.A, magna cum laude, Mr. Carr earned his J.D., summa cum laude, from The Ohio State University, Moritz College of Law. He was a member of the Order of the Coif and associate editor for the Ohio State Law Journal. Mr. Carr is admitted to practice in the state of Ohio and the Southern District of Ohio.
Todd Fentress, Tidwell
Todd Fentress is the Office Managing Partner at Tidwell Group's Columbus office. He has over 30 years of experience in the affordable housing industry, with both audit and tax expertise, which allows him to strategically create approaches to meet his clients' needs and goals. Todd counsels an assortment of clients, including privately held and small business owners, affordable housing developers, property owners and investors. These clients have developed some of the most significant real estate projects in the Midwest. His client service style ensures the needs and goals of the client are met in a cost-effective, timely and efficient manner. Todd is also highly experienced in consulting on federal and state government sponsored or assisted programs, as well as structures for syndicated partnerships where the property is eligible for low-income housing, historic and renewable energy credits at the federal and state level. Todd has gained tremendous insights through building relationships with lenders, attorneys and developers across the country, which allows him to be an asset when creating exit strategies and redevelopment opportunities for our clients. Todd understands the importance of staying up to date on legislative and technical developments that will impact the industry, so he remains extremely active in various real estate-related organizations. He currently serves on advisory boards and as a board member in many housing organizations and frequently speaks on various housing and real estate topics at industry events.
David Cooper, Woda
David Cooper, Jr. serves as a Director and an Officer of Woda Cooper Companies, Inc., which owns Woda Construction, Inc., Woda Management & Real Estate, LLC, and Woda Cooper Development, Inc. In conjunction with Jeffrey Woda, Mr. Cooper oversees day-to-day operations of Woda's business units and is involved with all aspects of each entity's operations. Mr. Cooper was previously a partner at Squire Sanders LLP, an international law firm, and the Director of Acquisitions and Corporate Counsel for Alliance Holdings, Inc., a privately held investment company. As a practicing attorney, Mr. Cooper represented syndicators, lenders, and developers in hundreds of tax credit and other affordable housing transactions. Mr. Cooper received his B.A. from Wittenberg University, and his J.D. from the University of California, Hastings College of the Law. Mr. Cooper is the past chair of the Housing Credit Group of the National Association of Home Builders and has served on the boards of directors of several manufacturing, service, and financial companies, as well as serving as a trustee and officer of numerous community and charitable organizations.