A Positive Picture: New Report Finds That Housing Tax Credit Properties Performed Well and Improved During 2008-2010
By Caitlin Jones
1 min read
Tax Credit Advisor, October 2011: The financial and operating performance of existing low-income housing tax credit (LIHTC) properties has improved considerably in recent years while the incidence of under-performing projects has decreased, according to a new report from Reznick Group, a national accounting, tax, and business advisory firm.
The report, The Low-Income Housing Tax Credit Program at Year 25: A Current Look at Its Performance, was prepared by Fred Copeman, who prepared similar previous studies on LIHTC investment performance while at Ernst & Young LLP.
The new study’s findings dispel the impression held by some that LIHTC investments are riskier than has been previously understood as well as that the national negative economic conditions of recent years have exacerbated the situation.
