Affordable Housing and Not-for-Profit

Affordable housing regulations offer a host of economic benefits to for-profit and not-for-profit low-income housing developers, providers of service-enriched housing programs, investors, lenders, and syndicators.

However, in order to secure financial rewards, this unique sector requires a strong ability to navigate intricate administrative rules, tax regulations, and compliance requirements. Missteps can result in financially devastating outcomes – thus, complexities of the regulations dictate that service providers have a strong reputation and indisputable industry expertise. Tidwell Group has a national presence in the various tax credit and affordable housing programs and serves clients in all aspects of the affordable housing industry. The firm’s affordable housing team is adept at navigating the complexities of the affordable housing space, from the inception of the deal through year 15 exit strategies and beyond.

Our team has the experience to help you! With a combined 200 years of affordable housing experience, Tidwell Group’s affordable housing practice includes serving clients and all asset classes within the affordable housing space including:

  • For-Profit and Not-for-Profit Developers
  • Service-enriched Housing Program Providers
  • Not-for-Profit Charitable, Religious and Social Welfare Entities
  • Affordable Housing Tax Credits and Loan Programs
  • HUD Programs
  • USDA-RD Programs
  • Mixed-use Developments
  • Seniors Housing

We have resources and experience in the entire project life cycle – from initial application and underwriting to year 15 exit strategies and divestitures. Let us guide you!

Value-added Services to Clients operating in the Affordable Housing Space

Given Tidwell Group’s expertise and unequaled experience in the affordable housing and not-for-profit industry, our partners and staff have value-added experience providing assurance, tax and consulting services including:

  • Annual audits of financial statements
  • Single audit compliance audits subject to the Uniform Guidance
  • Annual tax return preparation
  • Tax credit adjuster calculations
  • Property compliance reports
  • 704(b) capital account analysis
  • Eligible 10% expenditure test
  • 50% test reports
  • Cost allocation and capitalization
  • Cost certifications
  • Good cost/bad cost analysis
  • Fair value accounting interpretation and analysis
  • Internal audit services
  • Litigation support & expert witness testimony
  • Technical assistance for existing accounting standards
  • Year 15 exit strategies
  • New accounting standards analysis and implementation
  • Training of client staff on accounting and industry topics
  • Outsourcing of accounting and tax functions
  • Property tax planning and valuation dispute resolution
  • Multi-state taxation services
  • Transactions structuring for investor and debtor needs
  • Partnership exchanges and expansions
  • Use of depreciation deductions
  • Participating debt; forgiveness of debt issues
  • State tax issues upon sale of property
  • Cost segregation studies to accelerate tax deductions for both new and existing properties
  • Assist in designing joint ventures and locating joint venture partners
  • General Partner and Limited Partner capital account analysis
  • Partnership liquidation analysis
  • Bond arbitrage rebate services
  • Qualified contract price
  • Due diligence for property acquisitions and dispositions
  • Financial reporting analysis
  • Break-even analysis
  • Low-Income Housing Tax Credit modeling
  • New Market Tax Credit modeling
  • Historic tax credits services modeling
  • Historical performance ratios and returns and preparation of pitch books
  • International tax compliance

Professional Affiliations

Tidwell Group is dedicated to staying abreast of industry trends, regulations and other developments. We strongly believe this dedication provides a benefit to clients as our capabilities expand beyond assurance, tax and advisory services. It enables us to advise our clients on business issues and current events impacting operations and the potential for financial success. Listed below are some of the professional organizations Tidwell Group has worked with:

  • American Institute of Certified Public Accountants
  • Alabama, Georgia, Texas, Ohio, Florida, New York, Utah, Arkansas Society of CPA’s
  • National Council of State Housing Agencies (NCHSA)
  • Texas Affiliation of Affordable Housing Providers (TAAHP)
  • Coalition of Affordable Housing Providers
  • Real Estate Council of Austin
  • Alabama Council for Affordable and Rural Housing
  • National Association of Home Builders (NAHB) Housing Credit Group
  • Housing Advisory Group (HAG)
  • Midwest Affordable Housing Management Association (MAHMA)
  • Council for Rural Housing & Development of Ohio (CRHDO)
  • Urban Land Institute, Affordable/Workforce Housing Council
  • Government Finance Officers Association
  • Department of Community Affairs (DCA)
  • Georgia Affordable Housing Coalition (GAHC)
  • Council for Affordable and Rural Housing (CARH)
  • Affordable Housing Live (AHL)
  • Associated Builders and Contractors (ABC)
  • National Association of Certified Valuation Analysts
  • National Multi-Housing Council
  • Alabama Affordable Housing Association (AAHA)
  • Affordable Housing Association of Indiana (AHAIN)
  • Arizona Housing Coalition
  • Arizona Housing Alliance
  • Ohio Association of Community Action Agencies
  • Arizona Multifamily Housing Association

Joshua D. Northcutt, CPA

Greater Atlanta Offices Managing Partner
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