Low-Income Housing Tax Credits
Tax-exempt bonds and low-income housing tax credits can be a compelling way to finance affordable multifamily housing projects, but the process is often difficult and complex. Developers, investors and other participants need to navigate a multitude of government agencies, financial institutions and other hurdles to qualify and move their projects forward.
With one of the largest and most experienced affordable housing industry practices in the country, CohnReznick provides a comprehensive range of services to developers of these multifamily properties. We take a strategic approach, helping clients develop optimal financing methods, maximize awards and maintain compliance throughout the program. Our services include:
- Financial projections: Working closely with state housing credit agencies, public housing authorities and other public entities, we provide financial projections designed to help maximize the return of the transaction and allow confident decision making.
- Transaction structuring: We help structure projects to address the appropriate state rating and ranking criteria and guide the application through the housing credit agency’s review process, loan closing and completion of construction
- Fee arrangements and partnership allocations: We can determine the price and timing of equity contributions, examine the reasonableness of fee arrangements, and analyze the propriety of partnership allocations in accordance with Internal Revenue Code Sections 704 and 752.
Read more about related services and personnel by visiting the Affordable Housing industry practice webpage.