Knowledge Commitment Compliance

For over sixty years, Asher & Company, Ltd. has performed financial services for countless real-estate organizations. We are particularly proud of our reputation for representing some of the region’s largest and most successful Affordable Housing endeavors. Why? Because of our intense commitment and ability to assemble a formidable team of experts to bring their collective wealth of knowledge and experience to each of these engagements. More importantly, as a comprehensive financial services firm, we can couple our unique understanding of complex governmental compliance regulations with the breadth of consulting resources to provide the most effective strategies on all affordable housing issues.  So, whether you’re an established entity, or still in the conceptual stage, let Asher & Company, Ltd.’s dynamic team of Affordable Housing professionals assist you in achieving success today and security tomorrow.

Low-Income Housing Tax Credit Services

1. The schedule of estimated development sources and uses and amount of low-income housing tax credits the cost can support.

2. Projection of timing of low-income housing tax credits and losses from operations.

3. Calculation of investors’ projected rate of return.

4. Calculation of any adjuster clause (being a one time adjuster or an annual adjuster if staggered capital contribution pay-ins by limited partner(s)).

5. Hands on assistance with preparation of your PHFA Multifamily Core Application.

6. Hands on assistance with preparation of your PHFA Tax Credit Application Addendum.

7. Hands on assistance with preparation of your PHFA Multifamily Loan Application Addendum.

8. Low-income Housing Tax Credit 10% Carryover Allocation.

9. PHFA Statement of Total Project Costs (Cost Certification).

10. Help with additional required documents at time of submission of cost certification.

11. Preparation of Internal Revenue Service Forms 8609, 8609 Schedule A, and Form 8586 for first year of credit and remaining years.

12. Preparation of any statements required by limited partner(s) to affirm the amount of low-income housing tax credits expected.

13. Assistance in regard to the requirements of the low-income housing tax credit compliance monitoring over the 15 year period.

14. Annual audits.

15. Annual tax returns.

Sampling of Recent Low-Income Housing Tax Credit Projects

PENNSYLVANIA

• 30 UNIT DEVELOPMENT IN WEST PHILADELPHIA
• 48 UNIT DEVELOPMENT IN SPRING GARDEN SECTION OF PHILADELPHIA
• 28 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 36 UNIT DEVELOPMENT IN SPRING GARDEN SECTION OF PHILADELPHIA
• 10 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 6 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 71 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 30 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 72 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 37 UNIT DEVELOPMENT IN SOUTH PHILADELPHIA
• 10 UNIT DEVELOPMENT IN NORTH PHILADELPHIA
• 71 UNIT DEVELOPMENT IN WEST PHILADELPHIA
• 6 UNIT DEVELOPMENT IN LOWER MERION
• 100 UNIT DEVELOPMENT IN COAL TOWNSHIP
• 99 UNIT DEVELOPMENT IN HAZLETON
• 124 UNIT DEVELOPMENT IN MAHANOY CITY
• 26 UNIT DEVELOPMENT IN WEST PHILADELPHIA

NEW JERSEY

• 38 UNIT DEVELOPMENT IN ATLANTIC CITY
• 46 UNIT DEVELOPMENT IN TRENTON
• 114 UNIT DEVELOPMENT IN NEWARK

NEW YORK

• 42 UNIT DEVELOPMENT IN ROCHESTER
• 62 UNIT DEVELOPMENT IN SOUTH FALLSBURG
• 393 UNIT DEVELOPMENT IN SYRACUSE
• 190 UNIT DEVELOPMENT IN ALBANY

FLORIDA

• 52 UNIT DEVELOPMENT IN JACKSONVILLE
• 174 UNIT DEVELOPMENT IN FORT LAUDERDALE
• 232 UNIT DEVELOPMENT IN JACKSONVILLE
• 100 UNIT DEVELOPMENT IN JACKSONVILLE

MISSOURI

• 195 UNIT DEVELOPMENT IN KANSAS CITY

SOUTH CAROLINA

• 150 UNIT DEVELOPMENT IN WEST COLUMBIA

Affordable Housing
Cost Segregation Studies
Apartment Owners and Operators