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  1. CohnReznick: Advisory, Assurance, Tax Firm
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  3. Cindy Fang
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Fang Cindy
  • 617-603-4524
  • One Boston Place, Suite 500
    Boston, MA 02108
  • Contact Cindy

Cindy Fang

CPA, Partner - Tax Credit Investment Services Leader
Boston, MA

Cindy Fang serves as the firm’s Tax Credit Investment Services (TCIS) Leader. TCIS specializes in providing investment due diligence and other advisory services to institutional investors to help them strategically acquire and manage tax credit investments. Cindy began her public accounting career in 2003 and has a broad range of experience serving investor, syndicator, developer, and housing finance agency clients involved in tax credit transactions. She is well-versed in all realms of major investment tax credits including the low-income housing tax credit, historic, New Markets, and renewable energy tax credits. 

Over the last 17+ years, Cindy has assisted many institutional investors with their entry into or expansion in affordable housing investing. She provides project finance and consulting and other advisory services related to equity market conditions, investment options, investment due diligence, transaction structuring, and modeling, as well as industry best practices for underwriting and asset management. She also plays a key role in the firm’s industry research, policy, and regulatory advocacy and thought leadership efforts.

Cindy has co-authored many of the affordable housing industry's leading research publications that studied the industry's underwriting, performance and policy trends, and has  focused on evaluating the strengths and weaknesses of tax incentivized funds on behalf of institutional investors including an evaluation of fund sponsors.

THOUGHT LEADERSHIP

National Housing and Rehabilitation Association, Tax Credit Equity Roundtable: Q1 2021, Moderator 

NCSHA, Housing Credit Connect 2021, Enhancing Public Policy with Portfolio Data, Panelist

Education

BA, Literature, Peking University

Master of Public Management, University of Maryland

MS, Taxation, Northeastern University

Professional affiliations

American Institute of Certified Public Accountants

Massachusetts Society of Certified Public Accountants

CREW Boston

Affordable Housing Tax Credit Study
Resource Center

Explore insight collection
Affordable Housing CRedit Study: Comprehensive LIHTC Performance Report
Access the report

Affordable Housing CRedit Tool: Interactive LIHTC Property Underwriting Data Tool

Access the tool
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  • Small Business Investment Companies (SBICs)
  • Special Purpose Acquisition Companies (SPACs) Services
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  • Government Contracting
  • Government
  • Not-for-Profit & Education
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  • Valuation
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  • Attest & Audit
  • Employee Benefit Plans
  • Lease Accounting
  • Paycheck Protection Program (PPP) Loan Forgiveness Assistance
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  • Data & Technology Solutions
  • Managed and Outsourced Services to Administer and Safeguard Public Funds’
  • Mitigate Enterprise Risk & Achieve Compliance
  • Prepare for the Future of Your Business
  • Managed and Outsourced Tax Concerns
  • Transaction Processing, Financial Close, & Reporting
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