Learn the Basics Housing Tax Credits 101 John
Learn the Basics Housing Tax Credits “ 101” John Mackey, CPA Reznick Group
General Information
General Information (continued)
Development Costs
Development Costs (continued)
Financing Assumptions
Syndication Information
Capital Contributions
Rental Income & Expenses
Rental Income & Expenses (continued)
Rental Income - 2007
Operating Expenses - 2007
Projected Value of Tax Credits, Cash Flow, and Tax Loss Amounts per Investor LP, assuming a 35% tax rate
Sources and Applications of Funds
Funded Expenses
Low Income Tax Credit Calculation
Sales Appreciation
Projection of Investment Results upon Sale or Disposition of Project on 12/31/22
Net after Tax Benefit Including Sale or Disposition of Project on 12/31/22
Amortization Schedule – Permanent Loan
Amortization Schedule – Permanent Loan (continued)
Amortization Schedule – Second Loan
Amortization Schedule – Second Loan (continued)
Amortization Schedule – Other Loan
Amortization Schedule – Other Loan (continued)
Amortization Schedule – Developer Note
Amortization Schedule – Developer Note (continued)
Projected Replacement Reserve
Projected Operating Reserve
Minimum Gain Calculation
Minimum Gain Calculation - Summary
Potential Loss Reallocation due to 704(b)
Potential Loss Reallocation due to 704(b) - continued
- Slides: 33
