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Tax Credit Transaction Consulting

AAFCPAs’ comprehensive knowledge of all new, existing, and changing applicable tax credits in the affordable housing industry makes us uniquely qualified to provide valuable solutions.

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Tax Credit Transaction Consulting

Tax Credit Transaction Consulting

AAFCPAs’ professionals are specialists in tax credit-based financing used widely in the community development industry, including: New Markets tax credits, Low-Income Housing tax credits, federal and state Historic Rehabilitation tax credits, Renewable Energy tax credits, and projects that combine tax credits with various levels of debt and rental assistance subsidies. We routinely provide advisory services throughout a project’s life cycle from deal structuring, to tax credit compliance, and assisting with investor exits.

There is a lot at stake when it comes to tax credits.

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. Our tax specialists have decades of comprehensive tax credit expertise. Working with AAFCPAs, you know you are not only in compliance with all relevant tax regulations, but also maximizing your financial resources to achieve your project needs.

In addition to the required compliance filings, AAFCPAs advises developers on:

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

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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.

We have earned the respect of diverse stakeholders in the field such as the Housing Partnership Network (HPN), Massachusetts Housing Investment Corp., and BlueHub Capital (FKA Boston Community Capital), along with national organizations such as the Opportunity Finance Network (OFN) and NeighborWorks America (NWA).  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.

  • “As our organization evolved—adding affiliates, launching a $37 million capital campaign, and navigating the complexities of historic tax credits—we knew it was time to reassess our financial partnerships. We had reached a level of operational and financial complexity that required more than our capacity could manage.

    That’s when we engaged AAFCPAs. Their multidisciplinary team brings the clarity and confidence we need, helping us understand how to structure our entities, manage consolidated financials, and prepare for the future. They explain complex tax credit matters in a way that is both accessible and actionable.

    Engaging a CPA firm with the right depth and breadth to advise us through our changing financial model has allowed us to move forward with greater confidence. For organizations reaching new levels of complexity, making that change is not just appropriate—it is essential.

    I highly recommend AAFCPAs to any organization looking for a strategic partner who can scale with them and support their long-term vision.”

    Next-Level Support.

    Lisa Giuffre Senior Director, Finance & Accounting Zeiterion Performing Arts Center

AAFCPAs provides proactive guidance on areas critical to the success of affordable housing developers and CDFIs, including:

  • 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

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.

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We look forward to speaking with you to determine how we may best solve your needs. A firm representative will reach out to you within one business day. Looking for additional ways to reach us? Visit our Contact Page. >>