Industries
Affordable housing, Section 42 / Real Estate
Every business needs a solid foundation
As a developer, manager, syndicator or owner in the commercial real estate
industry, you are subject to a myriad of compliance and tax regulations.
Your success in real estate requires that you maximize your return on
investment and stay ahead of the curves of the real estate cycle, but
simultaneously find opportunities amid the red tape.
Hertzbach & Company, P.A. has more than 25 years of experience working with the special needs of owners, developers, and managers of affordable housing properties. The enactment of the Low-Income Housing Tax Credit (LIHTC) by the Tax Reform Act of 1986 created a tremendous opportunity for companies and investors who construct or acquire and rehabilitate affordable housing. Our knowledge of Section 42/HUD/CDA/VHDA/DHCD requirements can help you save time, money, attract investors and earn the most favorable return on investment. We are prepared to assist you with all phases in the cycle of a project, including:
Development:
· Loan and LIHTC applications
· Financing alternatives
· Eligible basis computation
· Syndicator negotiations
· Projections/internal rate of return
· Cost certification (mortgagor/contractor)
· Debt covenant compliance
Operations:
· Cash flow maximization
· Cost control
· Internal control
· Section 42/HUD/CDA/VHDA/DHCD compliance documentation, controls
and monitoring
· Audit
· Electronic filing of financial statements
· Real estate tax assessment appeal
· Mortgage reduction/refinancing
· Surplus cash, distributions, residual receipts
· Computer accounting systems
Taxation:
· Partnership income tax returns
· Personal property tax returns
· Form 8609
· Tiered partnerships
· Tax planning for maximum tax savings
· Carryover and eligible basis
· Syndication
· Multi-state tax returns
· Cost Segregation
For more information please contact Jeff Kleeman, Deborah Norris, or Andrea Hartman / 410.363.3200
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