The Novogradac Journal of Tax Credits is pleased to sponsor the Fifth Annual Journal of Tax Credits Developments of Distinction Awards. The 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 service in 2012 or 2013, and:
  • had a meaningful and major impact on their community;
  • demonstrated financial innovation; or
  • overcome significant obstacles in their development.

Categories of Awards

  1. LIHTC Property that Best Exemplifies Major Community Impact
  2. LIHTC Property that Best Reflects Market Success in Overcoming Significant Obstacles
  3. LIHTC Property that Best Demonstrates Financial Innovation
  4. Most innovative use of HUD financing in a tax credit property

Note: If judges do not choose a winner for any of the three categories, Novogradac & Company LLP reserves the right to name two winners in one of the other categories.

Criteria for Awards

Developments will be judged on the following criteria that apply to the 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?

Deadline for Nomination Submission

Nominations will be accepted until Nov. 7, 2013. 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.


Nominations are open to all with knowledge of a deserving development. Developments may be nominated in one of the categories listed above and may be a development with which you were involved or simply one you deem deserving. A nominating entity may enter more than one development, and/or one development in more than one category.

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 more than 2,500 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 each piece of supplemental material.

All materials for the nomination, including the nomination form, must be uploaded to The email should be designated as the recipient and the name of the nominated Property should be stated in the subject line.


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 will be chosen in mid-November 2013.

Award Winners

Winners and honorable mentions 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 9-10, 2014, in Miami Beach, Florida.

Winners and honorable mentions 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 and 10 copies of the Novogradac Journal of Tax Credits featuring their winning development.

Should you have any comments or questions please e-mail 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.