When Old is New Again...

Part 8: Acquisition/Rehab Basics In this series, we have covered the basics of tax credit compliance and how to research answers to questions tax credit professionals have in their daily practice. In this Basics article, the focus will be on compliance for acquisition/rehab (acq/rehab) properties. All tax credit properties are fairly complex. They can be likened to a machine with many “moving parts” to run smoothly. Existing buildings that are acquired and rehabbed with tax credits involve additional “parts”, including communicating with the existing population, construction around them and unit transfers. From a compliance standpoint, there are also several complex issues to be aware of and

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