• videocam Live Webinar with Live Q&A
  • calendar_month December 14, 2026 @ 1:00 PM ET/10:00 AM PT
  • signal_cellular_alt Intermediate
  • card_travel Real Estate - Finance
  • schedule 90 minutes

Low-Income Housing Tax Credit Bridge Loans: From Underwriting to Closing

Practical Underwriting, Documentation, Intercreditor, and Closing Guidance for Complex Affordable Housing Transactions

About the Course

Introduction

This CLE course will provide real estate counsel with a review of critical legal and business considerations investors and developers consider when assessing and pursuing bridge loans. The panel will review this financing tool, discuss when and how to successfully tap into these loans to fund deals, and outline market opportunities. After attending, you'll walk away with strategies to ensure transactions are structured, documented, and funded in a way to ensure project completion.

Description

Affordable housing is a critical issue, and commercial real estate developers understand market needs and are investing in affordable housing. As they do, many turn to Low Income Housing Tax Credit (LIHTC) programs and now LIHTC bridge loans when funding runs short or there is a gap in funding. Although they are becoming increasingly popular, LIHTC bridge loans are extremely complicated, have very specific qualification requirements, and are scrutinized to a high degree due to fraud concerns in the affordable housing market.

During this course our sophisticated faculty will outline basic methodology and calculations for LIHTC bridge loan financing and review loan requirements and how to make clients more attractive applicants. Time will also be spent analyzing various deal structures and their relation to loan underwriting risks, documentation and corporate structure considerations, closing obstacles, enforcement strategies, and emerging market trends.

Listen as our authoritative panel of real estate practitioners walks you through qualifying for and funding multifamily housing projects with tax credit bridge loans.

Presented By

Kristin E. Niver
Counsel
Robinson & Cole LLP

Ms. Niver represents banks, insurance companies and debt funds in construction and permanent loans, debt restructurings and secondary market transactions, as well as working with market-rate and affordable housing developers and owners on financings, acquisitions and sales, joint venture arrangements, condominium regimes, and leases for all product types, including multifamily, retail, office and hotel, and frequently as part of complex mixed-use development and redevelopment and master planning projects nationwide. In addition to her broad background in CRE finance and development generally, Ms. Niver has had a career-long focus on affordable housing and community development, both as a real estate and commercial finance attorney, and formerly as an urban planner specializing in affordable housing finance and policy. She has extensive experience in community development lending, impact finance syndications and programmatic and policy issues related to affordable housing, and routinely provides legal advice to profit and nonprofit developers, financial institutions, investors, and community development entities engaged in all types of complex real estate development and financing transactions, specifically social impact investing and tax credit finance.

Credit Information
  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Monday, December 14, 2026

  • schedule

    1:00 PM ET/10:00 AM PT

I. Setting the foundation: loan anatomy including rates, borrowing base concepts, terms, and interplay between construction and permanent financing

II. Risk allocation and structure: conditions, credit and basis adjustment risks, capital contributions, cure rights, guaranties, waterfalls, shortfalls

III. Collateral, security, and intercreditor issues: pledges, UCC and perfection strategies, intercreditor agreements, remedies for default or project failure

IV. Overcoming closing and documentation obstacles: aligning equity and covenants, investor consent requirements, delivering enforceable capital contribution assignments

V. Enforcement and workout scenarios: equity funding failures, credit recapture risk and IRS compliance, re-underwriting/restructuring

VI. Market developments and emerging trends

The panel will address these and other key considerations:

  • Core LIHTC bridge loan structures, underwriting concepts, and financial mechanics driving lender decisions
  • Qualification, compliance, and fraud scrutiny risks impacting approvals and funding
  • Key risk allocation provisions, including guaranties, capital contributions, and waterfall structures
  • Collateral, intercreditor, and documentation challenges
  • Enforcement, recapture exposure, and restructuring scenarios for projects in distress