Community Development Awards

The nomination round for 2014 has closed. Nominations for 2015 are currently being accepted

 

Welcome to the Novogradac Journal of Tax Credits Developments of Distinction Awards page.

The Novogradac Journal of Tax Credits Developments of Distinction Awards were created to recognize excellence and honor outstanding achievement in the development of properties using the low-income housing tax credit (LIHTC), and/or tax credit developments using U.S. Department of Housing and Urban Development (HUD) financing.

Those tax credit developments to be honored will have been placed in service in 2013 or 2014, and:

  • had a meaningful and major impact on their community;
  • demonstrated financial innovation; or
  • overcome significant obstacles in their development.

Nominations are open to all with knowledge of a deserving development. Nominees may be a development with which you were involved or simply one you deem deserving. An entity may nominate more than one development for the awards.

Categories of Awards

  1. LIHTC Development that Best Exemplifies Major Community Impact
  2. LIHTC Development that Best Reflects Market Success in Overcoming Significant Obstacles
  3. LIHTC Development that Best Demonstrates Financial Innovation
  4. LIHTC Development that Best Preserves Existing Affordable Rental Housing

Criteria for Awards

Developments will be judged on the following criteria.

Has this development:

  • Had a meaningful impact on its community?
  • Distinguished itself in a unique manner?
  • Served as a major catalyst for further community development?
  • Responded to community need(s)?
  • Established measureable benefits and success in meeting that/those needs?
  • Employed the effective use of community resources?
  • Formed effective community partnerships?
  • Achieved its objectives?
  • Instituted the use of innovative strategies in bringing benefits to its community?
  • Demonstrated benefits that outweigh costs.
  • Set up successful strategies that can be repeated?

Deadline for Nomination Submission

Nominations submitted by the due date will be considered for the awards that will be presented in January 2015. Nominations submitted after that date may be considered for the subsequent award round. Novogradac & Company will attempt to reach the contact person for an incomplete nomination for further information. All submissions must be complete before a nomination will be accepted.

Nomination Requirements

All nominations must include a completed nomination form, narrative statement, supplemental materials (minimum of three), and hand signed limited release agreement.

The narrative statement should be no longer than 1,000 words. This narrative should describe how the development meets one or more of the criteria listed above.

At least three supplemental materials (i.e., photos, renderings, architectural plans, marketing information sheets) should also be submitted to document the development’s qualities. Submitted photographs, renderings and other image files must be at least 300 dpi+ and at 7.5 x 8.5 inches or larger.

A limited release agreement must be completed for all supplemental materials.

Judging

A panel of judges with wide-ranging expertise in the low-income housing tax credit industry will review all entries and judge the developments based on the criteria listed in this announcement.

Award Winners

Winners of the Novogradac Journal of Tax Credits Developments of Distinction Awards, and their development teams, will be honored in a ceremony at the Novogradac Tax Credit Developers Conference, January 8-9, 2015, in Miami Beach, Fla.

Winners receive:

  • One complimentary entry to the conference to receive the award;
  • Coverage of the property in the Novogradac Journal of Tax Credits;
  • Copies of the Journal of Tax Credits to share with industry contacts; and
  • Recognition on the Novogradac & Company website and YouTube channel, and in a national press release about the event.

Winners will also be supplied with a press release for their distribution.

Should you have any comments or questions please e-mail awards@novoco.com or call Teri Baker at 415.356.7995.

About the Novogradac Journal of Tax Credits

The Novogradac Journal of Tax Credits provides news, analysis and commentary on the affordable housing, new markets, renewable energy and historic rehabilitation tax credit industries. This comprehensive 80-page full-color monthly publication covers the low-income housing tax credit, property compliance, valuation, tax-exempt housing bonds, new markets tax credit, renewable energy tax credit, historic tax credits and HUD programs. Readers enjoy access to columns written by industry experts, Q&As on technical tax credit issues, features about tax credit developments and more, all informed by Novogradac and Company’s more than 20 years of experience on the front lines of the tax credit industry.