Month: May 2022

May 27th, 2022

Delaware Court of Chancery Issues Ambitious Opinion Synthesizing LIHTC Exit-Dispute Caselaw, Finds General Partner Did Not Breach Duties by Allowing Below-Market Right of First Refusal Over Limited Partner’s Objection

It has been an eventful month for observers of Low-Income Housing Tax Credit (LIHTC) exit-dispute litigation. As discussed in our last post, the Sixth Circuit…


May 19th, 2022

Sixth Circuit Weighs in on LIHTC Rights of First Refusal, Holds That General Partners Can Self-Trigger Below-Market Purchase Rights Held by Not-For-Profit Affiliates

The Sixth Circuit became the first federal appellate court to interpret a right of first refusal (ROFR) granted under the federal Low-Income Housing Tax Credit…