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Update on Important Housing Credit Case and Next Steps
On Wednesday, December 2 from 9:30 to 11 am EST, join 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) for an update briefing on the RiseBoro Community Partnership Inc’s case against 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.

As reported to our partners and members last year, this case could have serious repercussions for nonprofit owners seeking to maintain control of their properties financed through the Housing Credit program. The initial decision from the court is concerning, and we are organizing out next steps to protect the right of all nonprofit affordable housing developers to purchase and maintain the affordability of Housing Credit developments in Year 15.

Dec 2, 2020 09:30 AM in Eastern Time (US and Canada)

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