Community Development Awards

Nomination cutoff for 2016 awards: Thursday, September 17, 2016.


Criteria | Nominate | Recipients

The Novogradac Journal of Tax Credits Developments of Distinction Awards 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 servicein 2015 or by August 30, 2016, and:

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

Award Categories

Developments may be nominated in one of the categories listed below and may be a development with which the nominating entity was involved or simply one deemed deserving. A nominating entity may nominate more than one development.

  • LIHTC Development that Best Exemplifies Major Community Impact
  • LIHTC Development that Best Reflects Market Success in Overcoming Significant Obstacles
  • LIHTC Development that Best Demonstrates Financial Innovation
  • LIHTC Development that Best Preserves Existing Affordable Rental Housing

Nomination Criteria

Developments of Distinction nominations will be judged on the following criteria that apply to each award category:

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?

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 above.

Deadline for Nomination Submission

Nominations will be accepted until September 17, 2016. 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 multimedia 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 multimedia agreement must be completed. Only one form is needed for each nomination; please list each supplemental material on the form.

Award Recipients

Recipients and honorable mentions of the Novogradac Journal of Tax Credits Developments of Distinction Awards, and their development teams, will be honored during a ceremony at the Novogradac Tax Credit Developers Conference, January 7, 2016, in Miami Beach, Fla.

Award recipients receive:

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

Should you have any comments or questions please e-mail or call Alexandra Bernard at 415-356-7627.

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.