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A preferred return can be offered to the participant providing the AVI[87] equity contribution with MV[12]. Four types of preferred returns are provided for (MV[12] is the rate or ratio of the preferred return).
Type 0: a preferred return calculated simply and paid as cash flow is available (this is the default method). Type 1: a preferred recovery of a portion of the original equity contribution before cash flow is split. type 2: the preferred return is a minimum ratio of the original equity contribution. Type 3: a fixed amount.
Unpaid balances owed as a result of the preferred return (because cash flow was not sufficient to pay it) are paid from residual values before remaining residual values are split according to ownership unless blocked by column 8 of PFDRET.
Preferred returns that are not type zero must be entered with the input array PFDRET. Each row can be a different preferred return.
| input | description | help# | importance | frequency |
|---|---|---|---|---|
| AVI[141] | Special Distibution of Cash Flow to Equity | 625 | 3 | |
| PFDRET[;1] | Preferred return: Chart of accounts code | 625 | 2 | |
| PFDRET[;2] | Preferred return: Rate for calculating pref'd return | 625 | 2 | |
| PFDRET[;3] | Preferred return: Type of preferred return | 625 | 2 | |
| PFDRET[;4] | Preferred return: Entity (partner) ID # | 625 | 2 | |
| PFDRET[;6] | Preferred return: Starting balance | 625 | 2 | |
| PFDRET[;7] | Preferred return: Years to forego | 625 | 2 | |
| PFDRET[;8] | Preferred return: Pay current only or accrue if unpaid | 625 | 2 | |
| AVI[138] | Special Dist. of Taxable Income | 625 |
| viewtype | case study | view | file size | complexity | help# | comment |
|---|---|---|---|---|---|---|
| Inputs | Spring Valley Hotel | (preferred return) | 3411 | 20 | 625 | |
| Demo Mixed Use Facility | (preferred return) | 3822 | 56 | 625 | ||
| Outputs | Mixed Use Development (Scenario 2-A) | (total cash flow by participant) | 7998 | 751 | 625 | |
| Demo Mixed Use Facility | (total cash flow by participant) | 7736 | 784 | 625 | ||
| Belle Glade 72 Units Deal A | (total cash flow by participant) | 8633 | 803 | 625 | ||
| Tax Credits for Low Income Housing, 11th Edition | (total cash flow by participant) | 9213 | 809 | 625 | ||
| 601 Liberty St. (office) | (total cash flow by participant) | 8584 | 837 | 625 | ||
| Executive Plaza (Under Const., office) | (total cash flow by participant) | 9397 | 906 | 625 | ||
| Brandon Villas of Tampa (market housing) | (total cash flow by participant) | 9754 | 909 | 625 | ||
| Executive Plaza (Pre-Const., office) | (total cash flow by participant) | 9423 | 914 | 625 | ||
| Spring Valley Hotel | (total cash flow by participant) | 9286 | 948 | 625 | ||
| 601 Liberty St., Hotel Joint Venture | (total cash flow by participant) | 11150 | 963 | 625 | ||
| St. Lucie Warehouse | (total cash flow by participant) | 9880 | 1022 | 625 | ||
| ABCO Joint Venture (office) | (total cash flow by participant) | 12892 | 1150 | 625 | ||
| Turnkey Syndication : LIHTC | (total cash flow by participant) | 12285 | 1308 | 625 | ||
| Shelter School Renovation (L&H) | (total cash flow by participant) | 11786 | 1312 | 625 | ||
| Conv. 9% FAHP 3% 25 Years: 13 Areas (housing) | (total cash flow by participant) | 12419 | 1371 | 625 | ||
| Tower Point Apartments (demo) | (total cash flow by participant) | 12702 | 1378 | 625 | ||
| Tower Point Apartments (detail) | (total cash flow by participant) | 12703 | 1379 | 625 | ||
| Windsong Housing Associates : LIHTC | (total cash flow by participant) | 13478 | 1512 | 625 | ||
| Shopping Center Illustration | (total cash flow by participant) | 12941 | 1589 | 625 | ||
| BHP II Limited Partnership : LIHTC | (total cash flow by participant) | 13886 | 1627 | 625 |
