Learn the Basics Housing Tax Credits 101

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Learn the BasicsHousing Tax Credits 101

• Edward S. Ryan, CPA
• Reznick Group

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General Information
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General Information (continued)
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Development Costs
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Development Costs (continued)
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Financing Assumptions
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Syndication Information
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Capital Contributions
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Rental Income Expenses
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Rental Income Expenses (continued)
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Rental Income - 2007
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Operating Expenses - 2007
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Projected Value of Tax Credits,Cash Flow, and
Tax Loss Amounts perInvestor LP, assuming a 35
tax rate
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Sources and Applications of Funds
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Funded Expenses
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Low Income Tax Credit Calculation
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Sales Appreciation
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Projection of Investment Results uponSale or
Disposition of Project on 12/31/22
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Net after Tax Benefit IncludingSale or
Disposition of Project on 12/31/22
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Amortization Schedule Permanent Loan
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Amortization Schedule Permanent Loan (continued)
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Amortization Schedule Second Loan
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Amortization Schedule Second Loan (continued)
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Amortization Schedule Other Loan
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Amortization Schedule Other Loan (continued)
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Amortization Schedule Developer Note
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Amortization Schedule Developer Note (continued)
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Projected Replacement Reserve
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Projected Operating Reserve
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Minimum Gain Calculation
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Minimum Gain Calculation - Summary
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Potential Loss Reallocation due to 704(b)
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Potential Loss ReallocationDue to 704(b)
(continued)