EFPR Group Companies

For over 60 years, our knowledgeable and experienced team of CPAs and business consultants have been serving individuals and businesses in Western New York and around the nation.

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Affordable Housing Tax Consulting & Accounting Services

EFPR Group has been helping clients in the Affordable Housing market for over 30 years. We have guided developers on thousands of units throughout the United States.

Exercising Notable Influence

Our reputation as affordable housing experts allows us to exercise notable influence in advocating for the preservation and expansion of the LIHTC program. Our services are based on a comprehensive knowledge and broad experience with complex accounting issues. We offer a full spectrum of audit, accounting, tax compliance services, tax consulting and preparation services.

Our consulting services include assistance and analysis of low-income housing and historic tax credits, tax-exempt bond applications, financial forecasts, development and operating income statement preparation. EFPR Group currently services more than 400 Affordable Housing clients.

Tax Consulting Specialty Services

  • Financial forecasting and ROI analysis
  • Arbitrage calculations
  • Qualified contract calculations
  • Tax capital basis analyses
  • Purchase price allocations
  • Quarterly tax estimates
  • Cost segregation studies
  • Exit tax calculations and strategies

Investor Relations and Consulting

  • Capital adjuster and breakeven calculations
  • Property compliance reports
  • Forensic accounting and litigation support
  • Due diligence reviews
  • 704(b) capital account, market and portfolio performance analysis
  • Prepare accounting, reporting and compliance reports
  • Structure tax credit acquisitions
  • Assist in obtaining financing for affordable housing properties
  • Consulting regarding workouts of troubled properties

Accounting Services

  • Annual audits of financial statements
  • Annual tax return preparation
  • 10% carryover allocations
  • Good cost (95%) and bad cost (5%) analysis
  • Tenant file testing
  • Cost certifications
  • Eligible basis certifications
  • LIHTC applications
  • Debt service coverage ratio analyses
  • Tax exempt bond financing applications
  • Historic tax credits
  • HUD electronic REAC submissions
  • Valuation consulting
  • Litigation support and expert witness testimonies

For more information call