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May 2015

PHFA Announces 2015 LIHTC Awards

PHFA_logo_300Today the Pennsylvania Housing Finance Agency announced the developments receiving 2015 awards of low-income housing tax credits. Congratulations to all of the organizations who received awards and thank you for providing quality, affordable housing!

McKonly & Asbury is a leader in accounting for affordable housing developments in Pennsylvania. IRS and PHFA regulations require specialized knowledge when accounting for LIHTC developments whether it's performing a 10% Test or Development Cost Certification audit; or performing development stage audits and preparing partnership tax returns. The M&A Team has the audit and tax expertise and experience needed. For more information, please contact us at


Register Now for McKonly & Asbury's June 2015 Affordable Housing Seminar

Blog main picRegistration is now open for McKonly & Asbury's next Affordable Housing Seminar to be held on Friday, June 19, 2015.

Topics and speakers to include:

Tax Credit Hot Topics - Judy Crosby, Esq. from Kutak Rock will speak about “Tax Credit Hot Topics” including legislative updates relating to the low-income housing tax credit program. Judy will also discuss the impact of the new IRS audit guide and where the industry is heading on topics such as construction loan interest and relocation costs. Judy was a popular speaker at our spring seminar last year and we are excited to welcome her back!

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