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Kickers can be imposed most easily with the A vector, up to a limit of two kickers.
first second kicker kickerAmount expressed as a decimal AVI[70] AVI[71] Base to be excluded from kicker AVI[72] AVI[73] Type of kicker (see below) AVI[74] AVI[75] Who gets the kicker (entity #) AVI[76] AVI[77]
The types of kickers provided for are as follows: Type 1: net rent roll (after vacancy but before operating expense) Type 2: net available for debt service (before deducting capital improvements) Type 3: net cash flow after debt service but before ground rent and kickers. Type 4: cash flow after senior financing costs including ground rent but excluding kickers. Type 5: cash flow after all senior financing costs including ground rent and kickers, but excluding capital replacement. Type 6: net cash flow (after capital replacement, debt service, ground rent, kickers) Type 7: lump sum amount expressed as AVI[70] or KICKERS [;2] Type 8: outstanding mortgage balance Type 9: minimum rent plus overage rent Type 10: overage rent Type 11: minimum rent Type 12: real estate taxes Type 13: see PFDRET
Kickers may be more complicated than is provided for by these inputs. In that case, the input array KICKERS can be used. It is a matrix of which each row is a kicker, up to as many as desired.
| input | description | help# | importance | frequency |
|---|---|---|---|---|
| AVI[70] | First kicker | 622 | 2 | |
| AVI[71] | Second kicker | 622 | 2 | |
| AVI[72] | Base for first kicker | 622 | 2 | |
| AVI[73] | Base for second kicker | 622 | 2 | |
| AVI[74] | First kicker type | 622 | 2 | |
| AVI[75] | Second kicker type | 622 | 2 | |
| AVI[76] | Who gets first kicker (see AVI[ 70]) | 622 | 2 | |
| AVI[77] | Who gets second kicker (see AVI[ 71]) | 622 | 2 | |
| KICKERS[;1] | Participation(s): Chart of accounts code | 622 | 2 | |
| KICKERS[;2] | Participation(s): Amount (decimal) | 622 | 2 | |
| KICKERS[;3] | Participation(s): Type of participation | 622 | 2 | |
| KICKERS[;4] | Participation(s): Entity (partner) ID # | 622 | 2 | |
| KICKERS[;6] | Participation(s): Base exempted from calc'n of kicker | 622 | 2 | |
| KICKERS[;7] | Participation(s): Ceiling (maximum amount) | 622 | 2 | |
| KICKERS[;8] | Participation(s): Investment base for calc'n of kicker | 622 | 2 | |
| KICKERS[;9] | Participation(s): Starting balance accrued | 622 | 2 | |
| KICKERS[;10] | Participation(s): Years to forego up front | 622 | 2 | |
| KICKERS[;11] | Participation(s): When participation ceases | 622 | 2 | |
| KICKERS[;12] | Participation(s): Pay current only or accrue if unpaid | 622 | 2 | |
| KICKERS[;13] | Participation(s): Adjustment factor | 622 | 2 | |
| KICKERS[;14] | Participation(s): Annual rate to increase (if fixed) | 622 | 2 | |
| KICKERS[;15] | Participation(s): Pay even if cash flow insufficient | 622 | 2 | |
| KICKERS[;16] | Participation(s): Allow negative participation | 622 | 2 | |
| KICKERS[;17] | Participation(s): Income taxes applicable or exempt | 622 | 2 | |
| AVI[195] | Turn off | 622 |
| viewtype | case study | view | file size | complexity | help# | comment |
|---|---|---|---|---|---|---|
| Outputs | Tax Credits for Low Income Housing, 11th Edition | (residual values & iror's) | 6058 | 154 | 622 | |
| St. Lucie Warehouse | (residual values & iror's) | 6086 | 168 | 622 | ||
| Inputs | Shopping Center Illustration | (kickers) | 6321 | 209 | 622 | |
| Turnkey Syndication : LIHTC | (kickers) | 6570 | 237 | 622 | ||
| Outputs | ABCO Joint Venture (office) | (residual values & iror's) | 7911 | 241 | 622 | |
| 601 Liberty St. (office) | (residual values & iror's) | 7773 | 250 | 622 | ||
| Mixed Use Development (Scenario 2-A) | (residual values & iror's) | 7420 | 255 | 622 | ||
| Shelter School Renovation (L&H) | (residual values & iror's) | 7694 | 261 | 622 | ||
| Belle Glade 72 Units Deal A | (residual values & iror's) | 7820 | 267 | 622 | ||
| Shopping Center Illustration | (residual values & iror's) | 7297 | 274 | 622 | ||
| Tower Point Apartments (detail) | (residual values & iror's) | 7893 | 289 | 622 | ||
| Spring Valley Hotel | (residual values & iror's) | 7214 | 292 | 622 | ||
| Brandon Villas of Tampa (market housing) | (residual values & iror's) | 8035 | 295 | 622 | ||
| Tower Point Apartments (demo) | (residual values & iror's) | 7977 | 296 | 622 | ||
| Executive Plaza (Pre-Const., office) | (residual values & iror's) | 8165 | 297 | 622 | ||
| Executive Plaza (Under Const., office) | (residual values & iror's) | 8167 | 300 | 622 | ||
| Demo Mixed Use Facility | (residual values & iror's) | 8902 | 322 | 622 | ||
| Conv. 9% FAHP 3% 25 Years: 13 Areas (housing) | (residual values & iror's) | 10614 | 346 | 622 | ||
| Turnkey Syndication : LIHTC | (residual values & iror's) | 12245 | 423 | 622 | ||
| Windsong Housing Associates : LIHTC | (residual values & iror's) | 13069 | 463 | 622 | ||
| 601 Liberty St., Hotel Joint Venture | (residual values & iror's) | 23613 | 1995 | 622 | ||
| BHP II Limited Partnership : LIHTC | (residual values & iror's) | 23169 | 2435 | 622 |
