Understanding Tax-Exempt Private Activity Bonds in Affordable Housing Finance

Tax-exempt private activity bonds (PABs) are a key financing tool used to support affordable housing development and other qualifying projects. Yet for many professionals in housing and mortgage finance, the structure, rules, and participants involved in these transactions can feel complex.

This webinar provides a practical overview of how tax-exempt private activity bonds function within the municipal finance and affordable housing ecosystem. Participants will explore the fundamentals of bond issuance, including the approval process, volume cap allocations, and the roles of key transaction participants. The session will also examine how tax-exempt bonds interact with financing tools such as the 4% Low-Income Housing Tax Credit (LIHTC), along with important regulatory considerations and program requirements.

By the end of the session, attendees will have a clearer understanding of how tax-exempt bond financing supports affordable housing and how these transactions are structured from authorization through closing.

Date/Time:

• Friday, June 12 (12:00 PM - 1:30 PM ET)

Objectives:

• Explain the purpose and structure of tax-exempt private activity bonds
• Describe the key steps involved in issuing tax-exempt bonds, from authorization through closing
• Identify the major participants in a bond transaction and their roles
• Discuss how tax-exempt bonds interact with 4% Low-Income Housing Tax Credits (LIHTC)
• Recognize key program rules and requirements that affect tax-exempt bond financing

Target Audience:

• Capital Markets and Secondary Marketing Professionals
• Commercial/Multifamily Mortgage Originators
• Commercial/Multifamily Underwriters
• Any professional supporting affordable housing transactions

Speaker(s):

• Lauren Lyon, Esq., Partner, Tiber Hudson LLC
• Kent Neumann, Esq., Founding Member, Tiber Hudson LLC