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  • About Us
  • Our Team
    • Leadership
    • Company Directory
  • Industries
    • Closely Held Businesses
    • Not-For-Profits
    • Real Estate
      • Affordable Housing
      • Commercial Real Estate
      • Tax Credits and Incentives
        • Historic Tax Credits
        • Low-Income Housing Tax Credits
  • Services
    • Accounting Services
      • Outsourced Accounting Services
      • Bookkeeping
      • Training and Consulting
      • Accounting System Consulting
    • Assurance
      • Audit, Review, Compilation
      • Agreed-Upon Procedures
      • Employee Benefit Plans
    • Consulting Services
      • Internal Controls
      • Management Assistance
    • Tax
      • Business Tax
      • Individual Tax
      • State and Local Tax
      • Estate and Trust Planning
      • Business Valuation
    • Mahoney Development Services, LLC
  • Blog
  • Resources
    • Accounting and Tax Resources
    • Real Estate Resources
      • REST Easy with Mahoney April 2023
      • REST Easy with Mahoney December 2022
      • REST Easy with Mahoney October 2022
      • REST Easy with Mahoney July 2022
    • Peer Review
  • Careers
    • DEIB/Community
    • Current Openings
    • Internships
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  • About Us
  • Our Team
    • Leadership
    • Company Directory
  • Industries
    • Closely Held Businesses
    • Not-For-Profits
    • Real Estate
      • Affordable Housing
      • Commercial Real Estate
      • Tax Credits and Incentives
        • Historic Tax Credits
        • Low-Income Housing Tax Credits
  • Services
    • Accounting Services
      • Outsourced Accounting Services
      • Bookkeeping
      • Training and Consulting
      • Accounting System Consulting
    • Assurance
      • Audit, Review, Compilation
      • Agreed-Upon Procedures
      • Employee Benefit Plans
    • Consulting Services
      • Internal Controls
      • Management Assistance
    • Tax
      • Business Tax
      • Individual Tax
      • State and Local Tax
      • Estate and Trust Planning
      • Business Valuation
    • Mahoney Development Services, LLC
  • Blog
  • Resources
    • Accounting and Tax Resources
    • Real Estate Resources
      • REST Easy with Mahoney April 2023
      • REST Easy with Mahoney December 2022
      • REST Easy with Mahoney October 2022
      • REST Easy with Mahoney July 2022
    • Peer Review
  • Careers
    • DEIB/Community
    • Current Openings
    • Internships

Low-Income Housing Tax Credits

The Low-Income Housing Tax Credit is the most important and most successful resource available to create, develop and preserve affordable housing in the U.S. Since the LIHTC was enacted as part of the Tax Reform Act of 1986, Mahoney has worked as trusted advisors to the affordable housing industry and has assisted developers in utilizing and monetizing over $2 billion of low income housing tax credits. 

Our Real Estate Solutions Team helps many organizations work through the complex tax, regulatory, investment and compliance issues necessary to successfully complete their projects. 

We provide a comprehensive range of services in the low-income housing tax credit area and represent a variety of participants in the affordable housing industry, including local development companies, non-profit housing providers, property managers, corporate and individual investors and local housing authorities and tribal housing authorities.  Our involvement has included, but is not limited to the following services:

During Predevelopment

  • Applications for tax credits
  • Deal structuring
  • Forecasts and projections
  • Preliminary 50% test reports for tax-exempt bonds
  • Consulting


During Construction

  • 10% Carryover Basis certifications
  • Analysis of Eligible Basis
  • Cost certifications
  • Final 50% test reports for tax-exempt bonds
  • Tenant file certifications
  • Credit adjuster calculations
  • Assistance in expediting issuance of IRS Form 8609s


During Operations

  • Debt service and coverage ratio calculations
  • Breakeven calculations
  • Compliance monitoring assistance
  • Analysis of partner capital accounts
  • Annual audits and tax returns


Year 15 Strategies

  • Investor exit strategies
  • Analysis of partner capital accounts
  • Qualified contract calculations
  • Sale analysis
  • Re-syndication analysis
Low-income housing units under construction

Low-Income Housing Tax Credit Resources

Check out our resources for tax codes, news articles and federal and state agency information regarding low-income housing tax credits.

Low-Income Housing Tax Credit Resources
Learn more about our focus on affordable housing in the real estate industry.

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(651) 227.6695
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