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Section 42 Low Income Housing Tax Credit (LIHTC) program is a true public-private partnership designed to encourage private developers to build high-quality family and senior residential communities. These high-quality communities are expensive to build and maintain. Developers are awarded tax credits which are allocated to equity investors.  The tax credits help reduce the investor’s tax liabilities, offset construction and maintenance costs while enabling the developer to offer affordable rental rates to working class families and seniors.

According to the National Association of Home Builders, tax credits significantly boost economic growth, expand the state and local tax base and create jobs for tradesmen, contractors and all businesses that serve and supply the construction industry. Annual LIHTC development activity supports approximately:

AEP_Website_Graphic_TaxCredits

Federal Tax Credits

Federal tax credit programs are a powerful and prudent tool utilized by government to stimulate economic growth, create jobs and provide affordable housing.         

Federal Tax Credit Case Law

LIHTC Law: Section 42 of IRC
Case Law: Historic Boardwalk Hall, LLC v. IRS, 3rd Circuit

State Tax Credits

Affordable Equity Partners targets selective investments with the greatest return.

State Tax Credit Case Law

Virginia Historic Tax Credit Fund 2001, LP v. IRS 4th Circuit
Route 231, LLC v. IRS

MISSOURI STATE TAX CREDITS
MISSOURI STATE TAX CREDITS

AEP and its affiliates have been active with the Missouri Low-Income Housing Tax Credit (LIHTC) Program since its inception in 1990 and were instrumental in the initial drafting of the Missouri LIHTC program.

References to Missouri State Statute further detail Missouri LIHTC legislation:

GEORGIA STATE TAX CREDITS
GEORGIA STATE TAX CREDITS

The Georgia Low-Income Housing Tax Credit Program was initially created in 2000 and was modified in August, 2001. AEP has been involved in Georgia since the initial introduction of the state tax credit and was instrumental in formulating the revisions to the statutes in 2001. These revisions simplified the program and made it more accessible to developers and investors alike.

References to Georgia State Statute further detail Georgia’s LIHTC legislation:

OKLAHOMA STATE TAX CREDITS
OKLAHOMA STATE TAX CREDITS

The Oklahoma Low-Income Housing Tax Credit Program was established in 2014. AEP authored the legislation creating the credit and was instrumental in its passing. Like the State programs in Georgia and Missouri, the Oklahoma state LIHTC program allows rural communities to be more fully served with quality, affordable housing.

References to Oklahoma State Statute further detail Oklahoma’s LIHTC legislation:

Historic Tax Credits

Affordable Equity Partners and its affiliated companies have been working with the Historic Tax Credit Programs since 1998 in Missouri and 2002 in Georgia.

In many areas, beautiful historic structures have been abandoned or under-utilized because of the cost of updating and maintaining the buildings’ infrastructures. While many have lamented the gradual loss of our urban and architectural history, few have the resources to make changes.

The Missouri and Georgia Historic Tax Credit Programs enable developers and investors to play a significant role in the redevelopment of urban communities and neighborhoods.

References to Missouri State Statute further detail Missouri’s Historic Tax Credit Program:

References to Georgia State Statute further detail Georgia’s Historic Tax Credit Program:

References to Oklahoma State Statute further detail Oklahoma’s Historic Tax Credit Program:

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