LOW-INCOME HOUSING TAX CREDIT SHOWCASE

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Low-Income Housing Tax Credit Showcase For More Information Low Income Housing Tax Credit: Assessment of Program Performance & Comparison to Other Federal Affordable Rental Housing Subsidies, a study commissioned by the Housing Advisory Group (HAG) and authored by Novogradac and Company LLP, finds that low-income housing tax credit (LIHTC)-financed properties have a remarkable track record, particularly when compared to the performance of other federal government subsidies of affordable rental housing. The study’s findings substantiate the strength of the LIHTC; with its 25-year track record, the LIHTC stands out as a model of how the tax code can and does, very efficiently, benefit society. http://www.novoco.com/products/special_report_lihtc.php Affordable Rental Housing After Tax Reform: Calculating Corporate Tax Reform’s Possible Effects on Equity Raised from Low-Income Housing Tax Credits, an analysis released by Novogradac & Company LLP, considers the effects of corporate tax reform and how the resulting changes to the tax code will affect the amount of equity that can be raised from the low-income housing tax credit (LIHTC). http://www.novoco.com/products/special_reports/ novogradac_affordable-rental-housing_tax-reform.pdf “Tax Reform Discussion Draft Threatens Future Supply of Affordable Rental Housing,” a blog post by Michael J. Novogradac, CPA, that describes the possible effect on the LIHTC of proposals included in former House Ways and Means Chairman David Camp’s tax reform discussion draft. https://novogradac.wordpress. com/2014/03/28/tax-reform-discussion-draft-threatens-future-supply-of-affordable-rental-housing/ “Small Ways to Make a Big Difference,” By Michael J. Novogradac, CPA, in the May 2015 Novogradac Journal of Tax Credits, considers - in the spirit of taking the opportunity presented by tax reform as a chance to perfect beneficial tools - discuses ways the tax code could be honed to expand the usefulness of the LIHTC. http:// www.novoco.com/journal/2015/05/news_ww_201505.php To learn more about the LIHTC, contact Peter Lawrence at 202-739-0882 or peter.lawrence@novoco.com, or Michael J. Novogradac, CPA, at 415-356-8000 or michael.novogradac@novoco.com. 158 Novogradac & Company LLP
About Novogradac & Company About Novogradac & Company LLP Novogradac & Company LLP is a national certified public accounting and consulting firm headquartered in San Francisco, with offices in Walnut Creek and Long Beach, Calif.; Dover, Columbus and Cleveland, Ohio; St. Louis; Boston; New York; Chicago; Austin, Texas; Portland, Ore.; Naples, Fla., and the greater metropolitan areas of Philadelphia; Washington, D.C.; Atlanta; Detroit; Kansas City, Mo.; and Seattle. The firm maintains clients in a broad range of industries with a major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support and general consulting services. Novogradac & Company LLP offers cost-effective audit, tax and consulting services to a variety of industries and clients, including nonprofits, government agencies, development and construction companies, real estate investment companies and securities firms. The firm works extensively in the affordable housing, community development and renewable energy fields, providing tax, accounting, audit and valuation services to affordable housing developments. The firm has consulted for more than 25 years on thousands of real estate projects and maintains client relationships with the leading affordable housing sponsors in the industry. Novogradac & Company partners have published numerous affordable housing-industry related articles in national newspapers and highly regarded trade journals. They are the authors of the Low- Income Housing Tax Credit Handbook, the nation’s leading authoritative guide to affordable housing development; they also write and publish the Tax-Exempt Bond Handbook: A Tax Credit Practitioners Guide to Using Tax- Exempt Bonds for Low-Income Housing Tax Credit Projects; LIHTC Property Management book; New Markets Tax Credit Handbook; Historic Rehabilitation Handbook; and Renewable Energy Tax Credit Handbook, as well as other comprehensive tax credit finance reference books. The firm also publishes the Novogradac Journal of Tax Credits, a full color, monthly publication offering news, features and commentary on the low-income housing tax credit (LIHTC), LIHTC compliance, valuation and tax-exempt bond housing industries as well as coverage of new markets tax credit (NMTC), renewable energy tax credit (RETC), historic tax credit (HTC) and HUD programs. Novogradac & Company LLP sponsors affordable housing, renewable energy and real estaterelated conferences coast to coast. These conferences attract hundreds of the industry’s leading experts and participants nationwide. We also conduct workshops and webinars on a variety of affordable housing, new markets and renewable energy related topics. Because of their industry expertise, our professionals are invited regularly to speak at seminars and conferences throughout the country. Many are former associates of international accounting and appraisal firms. Novogradac & Company LLP is ranked by Accounting Today and Inside Public Accounting as one of the top 50 accounting firms in the nation. www.novoco.com 159
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LOW-INCOME HOUSING TAX CREDIT SHOWC
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About the Low-Income Housing Tax Cr
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LIHTC Timeline In 1986, Congress pa
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Residents’ Incomes and Eligibilit
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LOW-INCOME HOUSING TAX CREDIT SHOWCASE

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