Tax Credit Compliance
Alpha-Barnes specializes in the operation of communities utilizing the Low Income Housing Tax Credit Program ("LITHC"). Since 1987 they have invested a great deal of time and energy into developing:
- Tax credit policies and procedures
- Comprehensive training programs
- Forms and handbooks
Alpha-Barnes assigns a tax credit specialist to each property to monitor the compliance process. Depending on the property's needs, our specialist can:
- Train on-site staff in tax credit management, compliance and leasing.
- Daily review and approve every application, verification and certification before and after an applicant is accepted to insure every unit is in compliance.
- Keep a full set of compliance documents in our corporate office.
- Monitor file maintenance and oversee dead file storage.
- Audit on-site files.
In addition, our specialist coordinate the auditing requirements and procedures with the Texas Department of Housing and Community Affairs ("TDHCA"), and monitor annual changes in IRS rulings and case law to be abreast of the newest compliance regulations.
In summary, Alpha-Barnes has developed a reputation for solving unique and complicated management issues. Our success with tax credit properties, rehabilitation of existing communities, and development and completion of new construction has attracted clients who demand performance. They know they can depend on our Company's commitment to professionally produce and operate communities which maximize their return on investment.
