FOR IMMEDIATE RELEASE
RBT CPAs, LLP is proud to announce that Client Advisory Partner Ross Trapani, CPA has been awarded the Tax Credit Specialist certification by the National Center for Housing Management.
The Tax Credit Specialist (TCS) certification demonstrates expertise for professionals servicing the IRS Section 42 Low-Income Housing Tax Credit pertinent to the affordable housing sector. Ross earned his TCS certification through the National Center for Housing Management (NCHM), participating in a week-long live course followed by a five-hour examination. The NCHM is a non-profit organization that offers training, certification, and other services in the affordable housing industry as well as the conventional apartment market. About the certification process, Ross says, “The NCHM is an industry leader in providing high-quality specialized certifications to professionals serving the housing industry, and their instructors and course materials are top-notch.”
The Low-Income Housing Tax Credit (LIHTC) program is used to create affordable housing for low-income families via single or multifamily rental real estate development. The LIHTC can be used for new construction, rehabilitation, or acquisition of rental properties. The program benefits families seeking quality affordable housing while also creating opportunities for developers and investors to achieve a profit. The program is very complex, presenting many administrative hurdles and compliance requirements. As such, it is imperative to have a CPA versed in all stages of a LIHTC project to avoid recapture of any tax credits received.
Ross says, “I look forward to utilizing this certification to provide tremendous value to our numerous clients operating in the affordable housing space.” RBT Managing Partner Mike Turturro adds, “We’re very excited for this opportunity to enhance our offerings to our real estate clients.”
RBT CPAs congratulates Ross on his accomplishment, and we look forward to the amazing work he will do in the affordable housing space.
To learn more about the diverse offerings and award-winning service you can expect from RBT, please visit the RBT website. To learn more about the Tax Credit Specialist certification, please visit the NCHM website.