What are future plans for sale of development, if any?
Based on the structure of the tax credit program, the Limited Partner (Investor) is required to maintain ownership for 15 years. At the end of the 15-year compliance period, the development can be sold; however, because Joie de Vivre will be applying for tax credits with an extended use period (30-years), the development will have to maintain compliance, regardless of owner, for the additional 15 years.
