Peabody Properties and its executive staff has extensive experience assisting sponsors with applying for both federal and state issued low income housing tax credits (LIHTC) as in accordance with the Internal Revenue Code, Section 42. With our large portfolio of managed properties, Peabody Properties deals with both government and state agencies on a regular basis and has completed numerous ONE STOP applications for projects. We look forward to assisting you on your project.

Peabody Properties Tax Credit Management Advantage:

• After converting a property to Tax Credits comes several reporting requirements with all state and federal agencies. Peabody Properties has implemented, as a requirement for its Property Manager, a fully detailed Administrative Procedure Manual Volumes I, II and III used as guides and learning tool.

• As a service to LIHTC Properties, Peabody Properties has internal controls in place to ensure LIHTC compliance; from Property Manager’s attending monthly Tax Credit training sessions conducted in house as well as Spectrum seminars or other third party organizations.

• Since Peabody Properties manages several Tax Credit properties, we have a Director of Compliance, and Administration Trainer to make sure all managers are always fully apprised of the tax credit rental limits, IRC code and reporting requirements including tenant recertification.

• Should any property need additional staff assistance during the annual recertification process, we have experienced staff and trainers ready to assist.