Low-income housing tax credit year 15 toolkit
Enterprise Community Partners (ECP) is a leading provider of development capital and capacity building for entities seeking to create affordable homes and rebuild communities. ECP’s products and services include: tax credit equity and asset management, short- and long-term financing, and technical assistance and training. The Capstone team assisted ECP through the creation of a “Year 15 Toolkit.” The toolkit assists building owners with restructuring capital associated with the end of the investment term for Low-Income Housing Tax Credit equity. ECP requested that the Capstone team create this guide, as well as provide policy recommendations, to increase the effectiveness of the “Year 15” process. By addressing “Year 15” issues, ECP hopes to support the preservation of existing affordable housing units, a key piece of Mayor de Blasio’s plan to create or preserve 200,000 affordable homes in the next 10 years.