assessing the market for property disposition at year 15 and earlier katherine alitz boston capital...
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![Page 1: Assessing the Market for Property Disposition at Year 15 and Earlier Katherine Alitz Boston Capital Asset Management IPEDBoston November 20-21, 2007](https://reader035.vdocument.in/reader035/viewer/2022062618/551481cb550346b2598b4afb/html5/thumbnails/1.jpg)
Assessing the Market for Property Disposition at Year 15 and
Earlier
Katherine AlitzBoston Capital Asset Management
IPED—BostonNovember 20-21, 2007
![Page 2: Assessing the Market for Property Disposition at Year 15 and Earlier Katherine Alitz Boston Capital Asset Management IPEDBoston November 20-21, 2007](https://reader035.vdocument.in/reader035/viewer/2022062618/551481cb550346b2598b4afb/html5/thumbnails/2.jpg)
Assessing the Market for Property Disposition at Year 15
and Earlier
“There is a booming market for the sale of housing credit properties at Year 15 and before.”
![Page 3: Assessing the Market for Property Disposition at Year 15 and Earlier Katherine Alitz Boston Capital Asset Management IPEDBoston November 20-21, 2007](https://reader035.vdocument.in/reader035/viewer/2022062618/551481cb550346b2598b4afb/html5/thumbnails/3.jpg)
Assessing the Market for Property Disposition at Year 15
and Earlier
The HERA impact on LIHTC Dispositions
• Elimination of Surety Bond Requirement suggests an increase in sales after Year 10
• Transfer of underwriting responsibilities from Surety to Seller
• Other features of HERA should facilitate LIHTC resynidications
![Page 4: Assessing the Market for Property Disposition at Year 15 and Earlier Katherine Alitz Boston Capital Asset Management IPEDBoston November 20-21, 2007](https://reader035.vdocument.in/reader035/viewer/2022062618/551481cb550346b2598b4afb/html5/thumbnails/4.jpg)
Assessing the Market for Property Disposition at Year 15
and Earlier
Year 15 sale trends
• Movement to portfolio sales
• Investors in rural properties looking for tax benefits
• GP interest transfers
![Page 5: Assessing the Market for Property Disposition at Year 15 and Earlier Katherine Alitz Boston Capital Asset Management IPEDBoston November 20-21, 2007](https://reader035.vdocument.in/reader035/viewer/2022062618/551481cb550346b2598b4afb/html5/thumbnails/5.jpg)
Assessing the Market for Property Disposition at Year 15
and Earlier
LIHTC Disposition and the Financial Crisis
• Just starting to see the effects
• Currently limited to resyndications
• What happens in 2009, 2010 and beyond?