CohnReznick │Housing Tax Credit Investments: Investment and Operational Performance
A study issued by CohnReznick found Low Income Housing Tax Credit (Housing Credit) properties to be operating better than in any other period during the program’s history.
CohnReznick collected and analyzed data from more than 22,000 Housing Credit properties, 33 Housing Credit syndicators, and two of the nation’s largest institutional investors. The company rated the performance of these properties based on physical occupancy, economic occupancy, debt coverage ratio, and per-unit cash flow. CohnReznick also took into consideration factors such as project age and size, type of tenants, type of credit and type of development, location, availability of subsidy, and level of hard debt.