CohnReznick Releases Annual Affordable Housing Analysis & New Online LIHTC Performance Tool

Having analyzed and published reports measuring the housing tax credit industry for years, CohnReznick’s Tax Credit Investment Services group has issued its latest report along with the industry’s first interactive tool enabling you to see data down to the county level. This new interactive tool and the latest report, “Housing Tax Credit Investments: Investment and Operational Performance” provides the most detailed analysis of LIHTC properties including:

• Data from 20,000 properties
• Performance, historical analysis and trends
• More than 10 sets of performance data points

Mixing high-level perspectives with granular data-driven insights, the report tracks the latest performance trends observed across the national housing tax credit portfolio. The 60-page report can be downloaded at the new Tax Credits Investments Services page on the CohnReznick website. That page also hosts the new LIHTC Interactive Tool by County, an online, user-friendly way to access and compare affordable housing data down to the county level. Based on national performance data, historical trend analysis, and over 10 sets of performance data points, the report shows:

• The growing need for affordable housing supports high rates of occupancy for housing tax credit properties and strong operating performance.
• That housing tax credit properties are operating better than any period in the program’s history.
• That the housing tax credit industry has made significant strides in improving the quality of underwriting and asset management practice.

“The housing tax credit has become the most significant source for creating, rehabilitating, and preserving affordable housing in the United States,” said CohnReznick partner and Tax Credit Investment Services leader Cindy Fang. “But due to statutory authorization and other limitations, the program’s production is unable to keep up with the rising demand for affordable housing.  Thankfully the omnibus spending bill included two key improvements to the program which were needed to offset the impact of a reduced corporate tax rate.”

“The TCIS group continues to enhance the industry’s most comprehensive reporting on affordable housing properties leveraging the low-income housing tax credit,” said Beth Mullen, partner and leader of CohnReznick’s affordable housing practice. “With more than 20,000 properties analyzed in an annual report along with an interactive online platform, these tools give significant resources to investors, developers and others involved with LIHTC properties.”