David A. Davenport Author Archives

The Supreme Court recently heard arguments in City of Grants Pass, Oregon v. Johnson, in a rare instance of the Court grappling with the issue of homelessness.

Litigation surrounding Year 15 exit issues continues to be on the rise and Low Income Housing Tax Credit (LIHTC) developers must take care to fully understand their rights.

The vast majority of relationships formed between real estate developers and tax credit investors in the Low Income Housing Tax Credit (LIHTC) industry are good, long-term relationships, generally guided by reasonableness and fairness, and also governed by complex partnership or operating agreements devised to achieve the parties’ intent concerning their expectations, intended rights, benefits and obligations.

Created by the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC) has become the most important resource for creating and maintaining affordable housing in the United States.