· LIHTC · TAX CREDITS · COMPLIANCE · AFFORDABLE HOUSING
Specialized Expertise in LIHTC and Affordable Housing Tax
Low-income housing tax credits, compliance requirements, and affordable housing audits are among the most technically demanding areas of tax work. Archer Lewis brings deep experience in LIHTC and affordable housing tax, so your credits are claimed correctly and your compliance stays current.
Our Approach
LIHTC compliance requires precise, ongoing attention.
The Low-Income Housing Tax Credit program is one of the most effective tools for affordable housing development in the country, and one of the most technically demanding to administer. Credit allocations, compliance periods, recapture risk, and annual certification requirements all require precise, ongoing attention, since an error can put credits at risk entirely. Archer Lewis works with affordable housing developers, owners, and syndicators who need advisors who specialize in this area of tax work.
What's Included
Affordable housing tax services done right
From initial credit allocation through compliance periods and audits, our team handles every stage of the affordable housing tax lifecycle.
-
LIHTC Tax Credit Work
Low-income housing tax credit planning, allocation, and compliance handled by advisors who work in this space regularly.
-
Compliance Period Management
Annual certification, set-aside monitoring, and tenant income verification, all managed precisely to protect your credits.
-
Partnership Tax Returns
Complex partnership returns for affordable housing entities prepared accurately and on time.
-
Credit Recapture Risk Management
Proactive monitoring to identify and address compliance issues before they trigger credit recapture.
-
Affordable Housing Audits
Financial statement audits for affordable housing projects, including HUD-assisted and LIHTC properties.
-
Cost Certification
Initial year cost certification prepared accurately to establish the credit base, one of the most consequential documents in an LIHTC project.
-
Investor Reporting
Accurate, timely financial reporting for tax credit investors and syndicators.
LIHTC credits require ongoing compliance to remain in place.
Affordable housing tax credits are not claimed once and finished. They require 15 years of continued compliance. A gap in tenant certification, a missed annual filing, or a misclassified unit can trigger recapture of credits already claimed. Archer Lewis keeps your compliance current, so the credits you've claimed remain secure.
Talk to an Affordable Housing Specialist
Common Questions
What affordable housing developers ask us.
LIHTC is a federal tax credit program that incentivizes private investment in affordable housing development. Credits are allocated by state housing agencies and claimed over a 10-year period, but they come with a 15-year compliance period that requires ongoing monitoring and certification to protect.
A compliance violation can trigger recapture of credits already claimed, plus interest. The severity depends on the nature and duration of the violation. Proactive compliance monitoring is the best protection. If a violation has already occurred, early identification and correction can limit the damage.
Cost certification establishes the eligible basis for your tax credits at project completion. Essentially, it determines how large your credit is. It's one of the most consequential documents in an LIHTC project, and errors can permanently reduce your credit amount. Getting it right the first time matters.
Yes. We work across the affordable housing ecosystem (developers, owners, syndicators, and investors), providing the tax, audit, and compliance services each party needs throughout the project lifecycle.
Significantly different. LIHTC has its own credit allocation rules, compliance requirements, recapture risks, and audit standards that don't apply to market-rate real estate. A firm that handles real estate tax generally isn't necessarily equipped for affordable housing specifically. The technical requirements are distinct.
