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Housing Tax Credits 101: Development, Financing, and Syndication Guide

Learn the basics of housing tax credits with this comprehensive guide by John Mackey, CPA, from Reznick Group. Includes information on development costs, financing assumptions, capital contributions, rental income and expenses, tax credit calculations, and projected investment results.

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Housing Tax Credits 101: Development, Financing, and Syndication Guide

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  1. Learn the BasicsHousing Tax Credits “101” John Mackey, CPA Reznick Group

  2. General Information

  3. General Information (continued)

  4. Development Costs

  5. Development Costs (continued)

  6. Financing Assumptions

  7. Syndication Information

  8. Capital Contributions

  9. Rental Income & Expenses

  10. Rental Income & Expenses (continued)

  11. Rental Income - 2007

  12. Operating Expenses - 2007

  13. Projected Value of Tax Credits, Cash Flow, and Tax Loss Amounts per Investor LP, assuming a 35% tax rate

  14. Sources and Applications of Funds

  15. Funded Expenses

  16. Low Income Tax Credit Calculation

  17. Sales Appreciation

  18. Projection of Investment Results upon Sale or Disposition of Project on 12/31/22

  19. Net after Tax Benefit Including Sale or Disposition of Project on 12/31/22

  20. Amortization Schedule – Permanent Loan

  21. Amortization Schedule – Permanent Loan (continued)

  22. Amortization Schedule – Second Loan

  23. Amortization Schedule – Second Loan (continued)

  24. Amortization Schedule – Other Loan

  25. Amortization Schedule – Other Loan (continued)

  26. Amortization Schedule – Developer Note

  27. Amortization Schedule – Developer Note (continued)

  28. Projected Replacement Reserve

  29. Projected Operating Reserve

  30. Minimum Gain Calculation

  31. Minimum Gain Calculation - Summary

  32. Potential Loss Reallocation due to 704(b)

  33. Potential Loss Reallocation due to 704(b) - continued

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