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Year-End Audit and Tax Planning Tips for Low-Income Housing Tax Credit Partnerships

Grand Opening of Shepherd's Crossing

Shepherd's CrossingOn December 3, 2015, members of the McKonly & Asbury affordable housing team had the privilege of attending the grand opening and ribbon cutting ceremony for Shepherd’s Crossing in Mechanicsburg, Pennsylvania. This development brings affordable workforce housing to residents in Hampden Township, Cumberland County. Monarch Development Group, LLC and Cumberland Perry Housing Initiatives, Inc. partnered to complete this development.

Shepherd’s Crossing consists of 35 newly-constructed townhouses and walk-up apartments. The unit mix consists of 5 one-bedroom, 6 two-bedroom, and 24 three-bedroom units. Four of the units in Shepherd’s Crossing are fully handicapped accessible.

The first unit was completed in the fall of 2015 and the development anticipates being fully occupied by December 31, 2015, which speaks to the need for affordable workforce housing in the Cumberland County area.

Developments such as Shepherd’s Crossing highlight the excellent quality of affordable housing that is being developed through the Low-Income Housing Tax Credit program administered by the Pennsylvania Housing Finance Agency.

McKonly & Asbury is a leader in accounting and consulting for affordable housing developments in Pennsylvania. For more information, please visit our web-site or contact affordablehousing@macpas.com.


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