Tax Credit Transaction Consulting

Tax Credit Transaction Consulting for Community Development

AAFCPAs’ professionals specialize in tax credit-based financing, a critical tool in the community development industry. Our expertise spans:

• New Markets Tax Credits
• Low-Income Housing Tax Credits
• Federal and State Historic Rehabilitation Tax Credits
• Renewable Energy Tax Credits
• Projects combining tax credits with debt and rental assistance subsidies

We provide comprehensive tax credit consulting throughout a project’s lifecycle—from deal structuring and compliance to investor exit strategies.

The Importance of Strategic Tax Credit Planning

When it comes to tax credits, there is a lot at stake. Proper tax planning is vital to maximizing your financial resources. In an increasingly complex environment, AAFCPAs stays abreast of the constant changes, and applies them to your situation.

AAFCPAs offers a transparent and responsible approach to tax strategy. We emphasize proactive planning, compliance, and coordination across financial disciplines to mitigate risk and support long-term financial health. Our guidance promotes informed decision-making through collaboration with trusted advisors.

Tax Credit Compliance and Advisory Services

• Tax credit project projections
• Selection of depreciable lives
• Analyzing capital accounts to reduce investor risk
• IRC Section 42 Compliance Testing
• Compliance certifications (10%, 50%, and 95/5 tests)
• Developing plans to exit expiring projects to minimize tax liability

Let’s Connect

Matthew Troiano

Call: 774.512.4022

Matthew Troiano

CPA | Partner

Expertise in Community Development and Affordable Housing

AAFCPAs provides proven solutions for Community Development Corporations (CDCs), and both nonprofit and for-profit affordable housing and commercial real estate developers. Our experience in the sector extends to a wide variety of community-oriented lenders supporting the sector, including: Community Development Finance Institutions (CDFIs), quasi-public agencies, and other specialized lending organizations.

Trusted Advisors to Industry Leaders

We have earned the respect of diverse stakeholders in the field, including:

• Housing Partnership Network (HPN)
• Massachusetts Housing Investment Corp.
• BlueHub Capital (formerly Boston Community Capital)
• Opportunity Finance Network (OFN)

We are actively involved with the industry, providing accounting standards updates and promoting best practices for financial reporting by CDFIs through OFN’s Performance Counts program as well as Strength Matters, a group co-sponsored by HPN and NWA providing affordable housing developers with best practices and technical training.

Comprehensive Consulting for Affordable Housing Developers and CDFIs

AAFCPAs’ experience is unparalleled in this ever-changing and highly-regulated industry. We are industry thought leaders well versed in public/private partnerships, and our unique blend of commercial and deep nonprofit expertise allows us to deliver cutting edge guidance.

• Tax credit eligible basis analysis, and assistance with tax credit programs
• Transaction analysis, due diligence, and capital raising
• Analysis of financing options to anticipate your changing needs
• Tax-exempt Bond Financing
• Cost certifications
• Annual tenant eligibility/compliance review
• Budgeting & cash flow analysis
• Accounting for building and construction costs
• Consulting on real estate development projects, from pre-development and cost certifications at inception to exit planning