Caitlin Jones • 2 min read
Tax Credit Advisor, October 2010: The historic tax credit (HTC) equity market may be showing some improvement but remains challenged, according to industry sources. “What we’re seeing are the very earliest signs of an improvement in the market,” says Eric Darling, of Boston-based Carlisle Tax Credit Advisors, which advises corporate investors and finds proprietary federal historic tax credit investments for major investor Chevron.
Caitlin Jones • 1 min read
Tax Credit Advisor, October 2010: A subsidiary of U.S. Bank has arranged and will manage a proprietary $86 million low-income housing tax credit fund for search engine giant Google.
Caitlin Jones • 2 min read
Tax Credit Advisor, October 2010: The low-income housing tax credit equity market continues to see increased activity by corporate investors, including a renewed popularity of multi-investor funds. This heftier flow of equity dollars – from more players – has increased competition for deals, boosted credit pricing to developers, and decreased yields to investors.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: For most Americans, Puerto Rico conjures up images of glorious white beaches and clear seas. But, in fact, the island has a significant low-income population that creates consistent robust demand for completed low-income housing tax credit units.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: Congress returns from recess in mid-September, after having advanced some housing bills in recent weeks but failing to enact critical “extenders” provisions, including those to continue the new markets tax credit program and low-income housing tax credit Section 1602 exchange program.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: Retired U.S. Army Brigadier General Robert Cocroft is the kind of guy you don’t say no to. As a result, he – and other public and private supporters – are bringing a new ray of hope to low-income military veterans in Milwaukee, including the disabled and formerly homeless.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: In the late 1920s, the hotel business in downtown St. Louis near the Union Station was bustling. Ten majestic new hotels along Market Street catered to businessmen and other weary travelers arriving from the nearby train station.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ September 2010 ““ In the late 1920s, the hotel business in downtown St. Louis near the Union Station was bustling.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ September 2010 ““ A solid tenant rental application is a key part of assuring that a low-income housing tax credit project fully complies with LIHTC program rules, so that the investors can receive the full amount of housing credits that they expect.
Caitlin Jones • 2 min read
Tax Credit Advisor, August 2010: Low-income housing tax credit developments in New York City have had a positive economic impact on the neighborhoods in which they are located, including raising property values, according to a new study released on June 23.
Caitlin Jones • 6 min read
Tax Credit Advisor, August 2010: “When you look at it, it’s almost like three different transactions in one,” says Amber Seely, of Renaissance Neighborhood Development Corporation (RNDC), the New Orleans-based developer of The Groves at Mile Branch Creek, a mixed-income planned unit development rising from the ground in Covington, La.
Caitlin Jones • 3 min read
Tax Credit Advisor, August 2010: On June 25, at a Chicago conference, federal officials cited statistics showing the huge positive impact from stimulus funds in shoring up the low-income housing tax credit (LIHTC) market as they reported on activity to date under the Tax Credit Assistance Program (TCAP) and Section 1602 exchange program.