1. MBA LIHTC Committee Update
Current & Future Initiatives
September 2018
Midwest Lenders Conference
Chicago, IL

2. Completed Policy Initiatives – 2017/2018
1. Pledge of GP Interest for Equity Bridge Loan
2. Waivers of Latent Defect for LIHTC Heavy 223(f)s
3. Waiver of Working Capital for Tenant-in-Place Rehab
4. Revised Affordable Wheelbarrow
5. Deferred Developer Fee Rider for Surplus Cash Note – Aligns term of DDF Note with IRS requirements.

3. Future Policy Initiatives – 2018/2019
221(d)(4) Pilot
Chapter C – Remove Automatic Termination of Equity Bridge Loan upon Foreclosure/Deed in Lieu
Extension of Term of Equity Bridge Loan beyond Final Endorsement/Construction Completion
Deferred Developer Fee as LPA Obligation rather than Surplus Cash Note
5. Income Averaging
6. Revisions to Chapter 14 for 2019 MAP Guide Update

4. MBA LIHTC Committee Chair Tracy W. Peters Senior Managing Director
RED Capital Markets, LLC
10 West Broad Street, 8th Floor
Columbus, OH 43215
tel:
efax:
redcapitalgroup.com
MBA
Sharon Walker
Associate Vice President Commercial/Multifamily Group
Mortgage Bankers Association
1919 M Street, NW, 5th Floor Washington, DC 20036
TEL: (202)  
mba.org
Rita Kelly
Administrative Assistant Commercial/Multifamily Group
TEL: (202)  
Vice Chair
Terry Wellman
Senior Vice President
FHA Chief Underwriter
Multifamily
PNC Real Estate
19382 Sierra Perla
Irvine, CA 92603
Office:
Cell: