Tax Credit Advisor Article Archives

On June 11, U.S. Sens. Jay Rockefeller (D-W.Va.) and Roy Blount (R-Mo.) introduced legislation (S. 1133) that would make the federal new markets tax credit (NMTC) program permanent and permit new markets tax credits to offset federal alternative minimum tax liability. Original co-sponsors of the measure, which was referred to the Senate Finance Committee, include […]

Although the improving economy has helped boost occupancy rates to high levels at many low-income housing tax credit (LIHTC) properties, it still takes a combination of the right people, product, tools, and processes to achieve effective property management of these assets.

State housing finance agencies in the nation’s “Four Corners” region – the point where Arizona, Colorado, New Mexico, and Utah come together – are at different stages in their low-income housing tax credit programs this year and have different priorities. But they share a common need for additional affordable rental units, particularly in faster growing communities in their state.

You will never hear such a story about a Low-Income Housing Tax Credit (LIHTC) property, because of a fundamental difference in program structure. In appropriated programs, an evil owner can use the residents as economic human shields; in LIHTC and similar investment tax credits, the owner cannot.

The Affordable Housing Tax Credit Coalition recognized winners of the 19th Annual Charles L. Edson Tax Credit Excellence Awards at a recent ceremony in Washington, D.C. The awards honor outstanding affordable rental housing developments throughout the nation funded with federal low-income housing tax credits.

Wisznia, the son of an architect, combines pragmatism, a love for historic buildings, business savvy, love of art and somewhat out-there creativity in the firm that bears his family name and serves as a designer, developer and investor in housing ventures.

Indeed the new supportive housing project, which contains 56 studio apartments targeted to low-income individuals with special needs, including formerly homeless individuals, military veterans, and ex-offenders, is part of something that the nation – and perhaps the world – has never seen before.

An overlooked federal incentive, the new energy efficient home tax credit, is a source of potential extra benefits for affordable housing developers and investors, says Christopher Thomas, a partner at CohnReznick LLP.

Our journey in the real world of tax credit housing also takes us to examine the low-income housing tax credit programs of the four states that make up the “Four Corners” – Arizona, Colorado, New Mexico, and Utah – in advance of NH&RA’s 2013 Summer Institute in Santa Fe, N.M.

The next application round for the federal new markets tax credit program will open in late July and close two months later, according to U.S. Department of Treasury official Don Graves. Graves, Deputy Assistant for Small Business, Community Development and Housing Policy, noted the timing for the 2013 NMTC allocation application round in a speech […]

Born a little over a quarter-century ago within the 1986 Tax Reform Act, the federal Low-Income Housing Tax Credit (LIHTC) has become the tent pole around which the nation’s entire affordable rental housing delivery system has been restructured ““ a system vastly different from and better than the HUD-centric model which dominated before. More than circumstance, this is due to core features that make LIHTC, for public-policy and practical reasons, a much better funding source for the development and preservation of affordable apartments for families and seniors than direct federal appropriations.

A small niche in the affordable housing world has just doubled in size. The number of real estate investment trusts (REITs) that exclusively provide capital for multifamily preservation transactions has increased from one to two.