News

The October 2011 issue of Tax Credit Advisor (TCA) magazine is teeming with news about Reznick Group and its principals. The publication features two Reznick Group principals who are making news in the affordable housing and tax credit industries.

TCA interviewed Fred Copeman, Principal and leader of Reznick Group's Tax Credit Investment Services (TCIS) practice who discussed the firm's August 2011 study of the operating performance of Low-income Housing Tax Credit (LIHTC or housing tax credit) properties in a report - "The Low-income Housing Tax Credit Program at Year 25: A Current Look at Its Performance."

Copeman said "Our analysis of the data suggests that there has been no material deterioration in LIHTC property performance and that certain operating performance metrics significantly improved from 2008-2010." The Reznick Group report has been featured on the Marketwatch and Reuters websites and received much industry and Congressional attention. Copeman will provide an overview of the report's findings at the NH&RA Fall Developers Forum on November 14-15, 2011 in Boston. For more information about the report, please visit www.reznickgroup.com\tcis .

John Mackey, Reznick Group Principal, is now among prior Congressmen and the Harvard housing elite who have been awarded the National Housing & Rehabilitation Association's (NH&RA) 2011 Vision Award – an award presented to individuals for their service and commitment to the affordable housing industry. The prestigious award was initiated in 2004 and is presented annually to leaders who are trailblazers in the effort to provide affordable housing to Americans. According to NH&RA's President and CEO Peter Bell, Mackey "has helped deliver tens of thousands of safe, affordable homes to low-income residents all over the country."

Regarded as a national authority on structuring low-income, historic, new markets and state tax credit transactions, NH&RA Executive Director Thom Amdur notes, "John is one of the affordable housing industry's unsung heroes. As an advisor to developers, John has quietly guided hundreds of transactions serving thousands of low-income residents to completion." 

Mackey will be honored at a special reception in conjunction with the 2011 Fall Developers Forum on November 14, 2011 in Boston.

About Tax Credit Advisor
Published since 1991, Tax Credit Advisor is a monthly publication providing critical information and analysis needed to successfully develop, finance, manage, and invest in projects funded by federal and state tax credit incentives, including the low-income housing tax credit. The publication offers comprehensive coverage of all aspects of these tax incentives, including profiles of real-life affordable housing, historic preservation, and economic development projects.