PolicyMap Powers More Mapping Tools for Novogradac
NEW MAPPING TOOL PRESENTS HUD’S LOW-INCOME HOUSING TAX CREDIT PROPERTY DATA IN INTERACTIVE, SEARCHABLE MAP FORMAT
Novogradac & Company Offers New Tool for Low-Income Housing Tax Credit Community
San Francisco, Calif. – Novogradac & Company LLP unveiled a new online mapping tool that allows users to search and browse low-income housing tax credit (LIHTC) properties placed in service between 1987 and 2009. The 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.
“This new mapping tool makes it simple to access LIHTC property information by congressional district, state, county, city, census tract, ZIP code or even property name, all in a single place,” said Jim Kroger, a partner in Novogradac & Company’s San Francisco, Calif. office. “Offering HUD’s data in this searchable mapping tool presents a new way for the affordable housing community to leverage more than 20 years of data about low-income housing tax credit properties.”
The tool, created by PolicyMap, allows users to view detailed information about each property, including address, number of units and low-income units, number of bedrooms, year the credit was allocated, year the project was placed in service, whether the project was new construction or rehab, type of credit provided, and other sources of project financing. “The flexibility of this tool makes it a valuable addition to Novogradac & Company’s set of online resources,” said Michael Novogradac, managing partner in the San Francisco office of Novogradac & Company LLP. “The LIHTC mapping tool was created with the housing tax credit professional in mind, and as a result the system is useful for everyone from developers to investors to researchers.”
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). There are a number of possible uses for this new tool: developers in states with distance requirements for LIHTC properties could use it for planning purposes; not-for-profits looking for a for-profit developer could use the tool to find a developer with experience in a particular area and vice versa; preservation advocates could use the tool to find properties approaching Year 15; and supporters of the tax credit program could use the mapping tool to identify LIHTC properties in congressional districts to help communicate the benefits of the program to lawmakers.
HUD’s LIHTC database has been available to the public since 1997 and was last revised as of Sept. 22, 2011. The LIHTC database currently contains information on 33,777 projects and almost 2,203,000 housing units placed in service between 1987 and 2009.
Novogradac & Company LLP, a national certified public accounting and consulting firm headquartered in San Francisco, Calif., has consistently been named by Accounting Today and Public Accounting Report as one of the top accounting firms in the country. Inside Public Accounting named it as one of the 25 best managed accounting firms and the San Francisco Business Times recognizes it as one of only five companies that for five consecutive years has made its list of the Fastest Growing Companies in the San Francisco Bay Area. In addition to its San Francisco headquarters, the firm has offices in metro Atlanta, Ga., Washington, D.C., Detroit, Mich., Seattle, Wash. and Kansas City, Mo., as well as in Austin, Texas, Boston, Mass., Dover, Columbus and Cleveland, Ohio, Portland, Ore., New York, N.Y. and Long Beach, Calif.
For more information about Novogradac & Company LLP’s LIHTC Mapping Tool, contact Jim Kroger at 415.356.8000, or email jim.kroger@novoco.com.