The Low-Income Housing Tax Credit (LIHTC) program is run by the IRS and allows companies to invest in low-income housing, while receiving 10 years of tax credits. This important program works with state housing finance agencies to administer the program on a state level.

Housing credit units are privately owned by developers and are run at a profit.  The LIHTC program gives States the equivalent of nearly $5 billion in annual budget authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households.

Milligan has considerable experience auditing the financial statements of Low Income Housing Tax Credits and other tax credit partnerships.

For more information please contact Jovan Goldstein at 215 496 9100.