Tue Jul 15 2025

Partnerships provide a mutually beneficial legal structure for developers and investors to create and rehabilitate affordable rental housing with low-income housing tax credits (LIHTC). In the first installment of a two-episode set on LIHTC partnerships, Michael Novogradac, CPA, and Nicolo Pinoli, CPA, discuss some of the details about these legal structures in this week's episode of the Tax Credit Tuesday podcast. Novogradac and Pinoli discuss why developers and investors might choose partnerships over other legal structures, the value of partnerships to deliver economic benefits, how the economic substance doctrine applies to partnerships, how partnership requirements deliver some potential benefits to the investor and the power of partnerships to deliver on public policy goals.