Video

  • 28 minutes

Low Income Housing Tax Credits

 

The Low Income Housing Tax Credit has been creating affordable housing since 1986.

The Low Income Housing Tax Credit (LIHTC) was part of the 1986 tax reform to encourage the construction and rehabilitation of affordable rental housing. It was administered by the Treasury Department and allocated by state agencies under Qualified Allocation Plans, which set out the rules for which each state dictates its LIHTC program. The credit was allocated to states based on population, with a floor for low population states. The LIHTC has rules to follow on both federal and state levels. 

Runtime: 27 minutes

Agenda

Faculty

Nicholas J. Ratti

Nicholas J. Ratti

CohnReznick LLP

  • Principal in CohnReznick LLP’s (formerly Reznick Group PC) real estate consulting practice in Boston, Massachusetts
  • More than 10 years of experience in the tax credit industry
  • Currently responsible for developing and evaluating transaction structures, providing tax compliance advice, evaluating tax credit recapture or tax-loss reallocation issues, strategizing post compliance period exits and providing syndication advisory services
  • Extensive experience structuring a wide range of low-income housing, historic and new market tax credit transactions for his developer and investor clients
  • Prior to joining CohnReznick LLP, he held positions as an accountant for Fidelity Investments and as a senior accountant for Ziner Kennedy and Lehan, both based in Boston
  • B.S. degree in accounting and finance, Providence College
  • Can be contacted at 617-648-1405 or [email protected]
Daniel J. Kolodner

Daniel J. Kolodner

Klein Hornig LLP

  • Partner in Klein Hornig LLP’s Boston, Massachusetts office
  • Concentrates his practice on community development finance, specifically the use of tax incentives as means for financing community revitalization projects, with a focus on new markets tax credits and historic tax credits
  • Extensive experience in structuring transactions involving the use of new markets tax credits, historic tax credits and low income housing tax credits, as well as associated state tax credits
  • Practice focuses on assisting developers and tax-exempt entities, such as health centers, charter schools and theatres, in taking advantage of new markets tax credits and historic tax credits
  • Frequently speaks at national and local conferences on the topic of historic tax credits and new market tax credits, as well as other federal, state and local tax incentives
  • Recent guest lecturer on new markets tax credits and historic tax credits at the MIT Center for Real Estate in Cambridge, Massachusetts
  • Can be contacted at 617-224-0617 or [email protected]

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