Briefing on Important Housing Credit Case
On Thursday, February 13th from 9:30 to 10:30 am EST, LISC NYC, Enterprise Community Partners, the Association for Neighborhood & Housing Development (ANHD), the Supportive Housing Network of New York (the Network) and the Corporation for Supportive Housing (CSH) will host a briefing on a case that has ramifications for nonprofit affordable housing developers across the country. Nonprofit developer RiseBoro Community Partnership Inc is currently in a dispute with its Low Income Housing Tax Credit (Housing Credit) investor regarding its ability to exercise a right of first refusal for 420 Stockholm Street in Brooklyn, NY. This case could have serious repercussions for nonprofit owners seeking to maintain control of their properties financed through the Housing Credit program.
WHY YOU SHOULD ATTEND
The Housing Credit was created in part to support nonprofit developers in the creation and preservation of affordable housing. Join us as we discuss the importance of this issue and the right of all nonprofit affordable housing developers to purchase and maintain the affordability of Housing Credit developments in Year 15.
WHO SHOULD ATTEND
Not-for-profit Organizations, Affordable Housing Developers
9:00 to 9:30 am
In person check-in and light breakfast
9:30 to 10:30 am
Welcome by LISC NYC & Enterprise, followed by presentations by RiseBoro, Marc Jahr and Goldstein Hall.