Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: In a multi-ethnic corner of recession-ravaged Detroit, a local nonprofit is renovating an historic building originally used as a cigar factory into a modern health and services center for low-income families.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ State housing credit agencies are moving ahead with their plans and schedules for their 2011 low-income housing tax credit (LIHTC) funding rounds, with a number already having forward committed some of their anticipated 2011 credits.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ From a 320-unit market-rate condo/low-income apartment development planned in tony Santa Monica, California, to a 75-unit historic rehabilitation project outside Boston, mixed-income housing development is taking different forms these days.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ The Republican takeover of the U.S. House of Representatives in the mid-term elections creates more questions than answers regarding what Congress might do regarding affordable housing and community development issues going forward.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ The U.S. Department of Housing and Urban Development (HUD) is about to make further improvements to its Federal Housing Administration (FHA) multifamily mortgage insurance programs, including a new tax credit pilot program to roll out in the first quarter of 2011.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: The apartment market is gradually improving and headed for a major uptick a few years out, once employment and new household formation levels are robust again, according to officials at Marcus & Millichap, the national real estate brokerage firm.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: The Small Business Jobs Act of 2010 (H.R. 5297, P.L. 111-240) signed into law by President Obama on September 27 provides some minor benefits regarding tax credits and real estate.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ November 2010 ““ In a stretch of downturn Albuquerque, N.M. marked by a number of aged ““ in some cases rundown ““ motels, a local nonprofit plans to renovate and convert two of them into affordable apartments.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: Donna Gambrell, Director of the Community Development Financial Institutions (CDFI) Fund, is optimistic that Congress will reauthorize the federal new markets tax credit (NMTC) program, clearing the way for the announcement of 2010 funding round allocation awards.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ November 2010 ““ What’s the “sweet spot” today in the historic tax credit rehabilitation world? Which projects are getting funded and developed?