Affordable rental housing financed by low-income housing tax credit (LIHTC) equity can either be new construction or property that is acquired and rehabilitated. In this week's episode of Tax Credit Tuesday, Michael Novogradac, CPA, and Christina Apostolidis, CPA, discuss the acquisition-rehabilitation (acq-rehab) option as part of the ongoing "So You Want to Be a LIHTC Developer" series. They examine what makes a property eligible to receive acq-rehab credits, the differences that developers will see between new construction and acq-rehab and issues related to tenants in properties that are acquired and rehabilitated.