Year 15 is a crucial period in the life cycle of a property financed by low-income housing tax credit (LIHTC) equity, one filled with significant decisions by the property owner and their investor partner. In this week’s episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Novogradac partner Nicolo Pinoli, CPA, discuss some crucial issues, including the right of first refusal (and related tax issues), the qualified contract process and resyndication. In the discussion, they examine some of the assertions and some potential challenges to different approaches, including what could motivate developers to pursue different outcomes. https://novogradac.com/s6y
About us
Novogradac is among the nation’s top 40 certified public accounting and consulting firms with more than 25 offices nationwide. The firm is a nationally recognized leader in real estate and community development, and is one of the fastest growing accounting firms in the nation. Our clients represent a range of industries with a major emphasis in the real estate sector. We provide publicly and privately held national enterprises with a full spectrum of audit, tax, valuation, expert witness and litigation support, property compliance and general consulting services, and we work extensively in the affordable housing, community development, historic preservation, opportunity zones and renewable energy fields. Novogradac has earned the Great Place to Work certification and is recognized on two MOVE Project lists: Best Firms for Equity Leadership and Best CPA Firms for Women. Novogradac is also a two-time recipient of the Handshake Early Talent Award. Novogradac offers opportunities to explore a variety of areas within the accounting, valuation and consulting fields while developing expertise in the fast-growing real estate industry. To see current job openings, visit our career page here: https://www.novoco.com/careers. We provide first-class service to our clients while supporting the work-life balance needs of our staff. Many Novogradac professionals thrive with flexible schedules and hybrid or remote work arrangements. Novogradac sponsors national affordable housing, renewable energy and community development conferences with hundreds of the industry's leading experts and participants. Because of their industry expertise, our partners are frequently invited to speak at seminars and conferences throughout the country. To see upcoming conferences, visit: https://www.novoco.com/events.
- Website
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http://www.novoco.com
External link for Novogradac & Company LLP
- Industry
- Accounting
- Company size
- 501-1,000 employees
- Headquarters
- San Francisco, California
- Type
- Partnership
- Founded
- 1989
- Specialties
- Accounting, Audit, Tax, and Consulting
Locations
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Primary
Get directions
1160 Battery Street
East Building
San Francisco, California 94111, US
Employees at Novogradac & Company LLP
Updates
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📅 Mark your calendar now and plan to join us for the Novogradac 2024 Housing Tax Credit and Bonds Conference Sept. 26-27 in New Orleans. #NovocoLIHTC https://novogradac.com/76u
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🏆 Winner Spotlight: The winner of the #NovocoJTCAwards Community Development QLICIs of the Year in the Small Business category is NMTC Loan Fund I with community development entities: Lendistry and USBCDE LLC. Learn more about the winners here: https://novogradac.com/ak8.
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"We are seeing a record number of people spending more for rent than they can really afford,” said Chris Herbert, managing director of Harvard's Joint Center for Housing Studies. Learn more in this Notes from Novogradac blog novogradac.com/rbh
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🏆 Winner Spotlight: The winner of the #NovocoJTCAwards Community Development QLICIs of the Year in the Real Estate category is Whitman-Walker Max Robinson Center at St. Elizabeths with community development entities: Chase New Markets Corporation, Capital Impact Partners, DC Housing Enterprises, Industrial Bank, Jubilee Manna Sub-CDE IV LLC. Learn more about the winners here: https://novogradac.com/ak8.
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The State of the Nation's Housing 2024 Report found that homeownership is slipping out of reach for millions and that renters are shouldering unbearable costs. Learn more in this Notes from Novogradac blog novogradac.com/rbh
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🏆 Winner Spotlight: The winner of the #NovocoJTCAwards Community Development QLICIs of the Year in the Non-Metro category is Lac Courte Oreilles Community Health Center with community development entities: Forward Community Investments, IFF, Impact Seven, Broadstreet Impact Services, Native American Bank, USBCDE LLC. Learn more about the winners here: https://novogradac.com/ak8.
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🏆 Winner Spotlight: The winner of the #NovocoJTCAwards Community Development QLICIs of the year in the Metro Category is Custom Foods of America with community development entities: Mid-City Community CDE, CCG Community Partners LLC, National New Markets Fund LLC, Empowerment Reinvestment Fund LLC and Truist Community Development Enterprises LLC. Learn more about the winners here: https://novogradac.com/ak8
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Developing affordable rental housing with low-income housing tax credits (LIHTCs) is a process that can take multiple years, from conception to placing in service, beginning operation and beyond. In this week’s episode of Tax Credit Tuesday, guest host Dirk Wallace, CPA, and Karie McMillen, CPA, provide an overview of the stages of the development process, from forming a partnership to annual compliance and many other stops along the way. First, they discuss the most common financing structure for a LIHTC development. With that scope established, McMillen details 11 key moments during the development process, discussing several in greater detail. Finally, the two share insights for developers who are just getting started in the development process. novogradac.com/97q
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Novogradac partners Brad Elphick and Tony Grappone dive into the latest IRS guidance on domestic content bonus credits for renewable energy projects in this week’s @Novogradac #TaxCreditTuesday. Tune in now! https://novogradac.com/tdt
June 11, 2024: Domestic Content Guidance
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