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.

Community Finance & Tax Credits

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.

Credit Planning & Risk Management

Tax Credit Compliance and Advisory Services

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.

Our Solutions Include:

  • 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
Housing Development & Capital Advisory

Affordable Housing & CDFI Consulting for Development, Financing & Compliance

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.

  • 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

Matthew Troiano

PartnerCPA

Matthew Troiano

PartnerCPA

Matt co-leads the firm’s community and economic development practice, serving community development corporations (CDCs), community development finance institutions (CDFIs), affordable housing and mixed-use real estate projects. He also has extensive experience serving…

Matthew McGinnis

PartnerCPA

Matthew McGinnis

PartnerCPA

Matt is a leader of AAFCPAs’ Community & Economic Development Practice, with extensive experience providing assurance, tax, and operational consulting solutions to community development corporations (CDCs), affordable housing and mixed-use real estate…

Andrew Puricelli

PartnerCPA

Andrew Puricelli

PartnerCPA

Andrew is a leader of AAFCPAs’ Community & Economic Development Practice, with extensive experience providing assurance, tax, and operational consulting solutions to community development corporations (CDCs), affordable housing and mixed-use real estate…

Industry Partnerships & Leadership

Trusted Advisors to Housing & Finance 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.

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Every situation is unique. We look forward to speaking with you to determine how we may best solve your needs.