LIHTC Properties NOI, Rental Income, Operating Expenses Set Record
Summary
The percentage and the nominal dollar increases in rental income, operating expenses and NOI were the highest in the 13 years for which Novogradac has tracked the data. This also is a valuable tool to provide a long-term look for stakeholders to understand what has happened over preceding five- or 10-year periods to help assess the coming years." "The pandemic and associated social distancing requirements particularly limited repairs and maintenance spending in 2020 and 2021," said Kelly Gorman, Novogradac partner and lead author of the report. To learn how benchmarking can aid in assessing performance and identifying areas of potential improvement, contact Kelly Gorman at [email protected]. Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.