Tax Credit Mapping Tools Updated with 113th Congressional District Boundaries

Novogradac & Company Enhances Data to Improve Maps’ Usefulness

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San Francisco (PRWEB) April 09, 2013

Novogradac & Company LLP has updated its free Low-Income Housing Tax Credit (LIHTC) Mapping Tool and its free New Markets Tax Credit (NMTC) Mapping Tool to reflect the 113th congressional district boundaries as determined by the 2010 census. Novogradac’s NMTC Mapping Tool has also been updated with revised HUBZone data; HUBZones are one of the secondary criteria used to determine severe distress for the purposes of the NMTC.

The LIHTC Mapping Tool features data from the U.S. Department of Housing and Urban Development’s LIHTC Database, which includes information on more than 33,000 LIHTC properties and almost 2,203,000 housing units placed in service between 1987 and 2010. LIHTC property information can be searched by congressional district, state, county, city, census tract, ZIP code or property name.

Among other things, the NMTC Mapping Tool allows users to determine if a location meets various distress criteria included in the NMTC application. The online tool also includes thousands of data points representing billions of dollars of low-income community investments made from the beginning of the program through 2010. The tool can be searched by congressional district, address, city, county, state or ZIP code to display NMTC investments.

“In addition to a number of other uses, these two mapping tools can help tax credit professionals identify LIHTC and NMTC investments that have been made in the congressional districts of current members of Congress,” said Michael Novogradac, CPA, managing partner in the San Francisco office of Novogradac & Company LLP. “These updated congressional district boundaries make it easier to educate members of the 113th Congress about the specific types of investments made within their districts, which helps communicate the benefits of these essential programs.”

“The flexibility of these free tools makes them valuable resources for tax credit professionals,” said Brad Elphick, CPA, a partner in Novogradac & Company’s Atlanta office and head of the NMTC Working Group. “And the addition of the 113th congressional district boundaries allows users to demonstrate the broad reach these programs have across the country.”

Novogradac & Company, a national certified public accounting and consulting firm, offers the LIHTC Mapping Tool at http://www.novoco.com/low_income_housing/resources/maps_data.php.

The NMTC Mapping Tool can be found at http://www.novoco.com/new_markets/resources/maps_data.php.

Novogradac & Company LLP was founded in 1989, and has since grown to more than 400 employees and partners in offices in San Francisco and Long Beach, Calif.; the Washington, D.C., Atlanta, Ga., Detroit, Mich., Kansas City, Mo. and Seattle, Wash. metro areas; St. Louis, Mo.; Boston, Mass.; Austin, Texas; Dover, Columbus and Cleveland, Ohio; New York, N.Y. and Portland, Ore. Specialty practice areas include tax, audit and consulting services for tax-credit assisted multifamily and affordable housing, community revitalization and rehabilitation of historic properties. Other areas of expertise include military base redevelopment, preparation and analysis of market studies and appraisals of multifamily housing investments and renewable energy tax credits.

For more information about Novogradac & Company LLP’s mapping tool, contact Novogradac & Company at 415.356.8000, or email cpas(at)novoco(dot)com.

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