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

AAFCPAs is the authority on industry advice concerning the complexities of regulatory standards, property compliance, investor exits, and the nuances of unwinding tax credit financing. - Mayra I. Negrón-Rivera Chief Operating Officer, Inquilinos Boricuas en Accion

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.

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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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.