Affordable Housing/ IRC Section 42 Tax Credit Projects
HCVT is a public accounting firm that is nationally recognized as having expertise in the affordable housing industry. Our firm provides tax, audit, and consulting services to both developers and investors. Our experienced housing advisors specialize in the Affordable Housing Market in IRC Section 42 tax credit projects, including those with and without tax-exempt bond financing. We have extensive knowledge in HUD reporting requirements and with electronic filing requirements of REAC.
Our firm performs all aspects of service relating to low-income housing tax credit projects. More specifically, our services related to low-income housing projects have included:
- Projections
- Cost certifications
- Eligible vs. non-eligible basis analysis
- Accounting for building and construction costs
- Tax credit computation
- Rehabilitation (historic) tax credit computation
- Audit, review and compilation reports
- General and limited partnership tax return preparation
- Property management operational reviews
- Compliance testing of low-income tenants
- Original Issue Discount (OID) issues related to financing
- HUD financial reporting and disclosures
- Review complex partnership income tax issues