LIHTC Recapture
This used to be an IRS requirement, when the general partner was desirous of disposing of his interest in the property prior to year 15. Now, many institutional investors in tax credit deals want guarantees their investment will remain in compliance. This is where our LIHTC Recapture Bond comes in.
Our simplified approval process is easy to navigate. Call your CIG Recapture Bond account executive at (843) 212-5254 or fill out this form here to get started. Or email us for quick response.
ODR Replacement Bonds
Partnership agreements dictate the GP must fund an Operating Deficit Reserve account. This practice ties up cash availabilities for the developer and could eventually hinder efforts to build more affordable housing. As an alternative, CIG has initiated an ODR Replacement bond that alleviates the need to fund an account. The bond is written on AM Best rated “A+” surety paper and is popular among CIG’s developer clients.
For your bond, fill out this form here for quick reply.
Contact LIHTC practice leader Matthew Clarke
Or email or call (843) 212-5254 to speak to a CIG Bonds Professional.
