Low-Income Housing Tax Credit
Are you a real estate developer looking to apply for the Low-Income Housing Tax Credit?
RBT CPAs’ experts are prepared to guide you through the many complexities and requirements of the Low-Income Housing Tax Credit (LIHTC) program.
The Low-Income Housing Tax Credit program offers tax credits to real estate developers for constructing, purchasing, or renovating rental housing for low-income individuals and families. Due to the ongoing nationwide housing crisis, the LIHTC program is arguably more important now than ever. According to recent U.S. Census data, nearly 50% of all renters are considered “cost-burdened,” and over 25% are deemed “severely cost-burdened.” The Low-Income Housing Tax Credit program is the primary source of affordable housing creation in the United States.
The LIHTC program is very complex, presenting many administrative hurdles and compliance requirements. To avoid the recapture of tax credits, it’s important for real estate developers to work with a CPA versed in all stages of a LIHTC project who can ensure proper planning and review. That’s where RBT can help.
RBTs’ LIHTC-certified professionals determine whether applicants are eligible for the Low-Income Housing Tax Credit and ensure that tax credit properties remain in compliance with various IRS, State Housing Finance Agency (HFA), and Department of Housing and Urban Development (HUD) regulations.
Our specialized accounting, audit, tax, and consulting services for the affordable housing industry include:
- Annual Financial Statement Audits
- Reviews and Compilations
- Annual Tax Filings
- Due Diligence
- Project Final Cost and Eligible Basis Certifications
- 95/5 Test
- 10% and 50% Tests
- Capital Account Analysis
- Tenant File Agreed-Upon Procedures
- Financial Forecasts
- Tax Planning
- HUD Audits and Compliance

For further information on the Low-Income Housing Tax Credit program and RBTs’ services, please contact:
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