Caitlin Jones • 1 min read
The Internal Revenue Service has announced the allocation of $4.61 million in unused low-income housing tax credits to 29 states from the 2009 “national pool.”
Caitlin Jones • 6 min read
The federal government has issued new guidance and a policy change for two new programs designed to assist stalled low-income housing tax credit (LIHTC) projects, as the first dollars prepared to flow to developers from state housing credit agencies.
Caitlin Jones • 2 min read
New York State Division of Housing and Community Renewal has released its proposed 2010 qualified allocation plan (QAP) for its low-income housing tax credit (LIHTC) program.
Caitlin Jones • 5 min read
Putting together successful rural and small low-income housing tax credit projects is particularly difficult today. These deals typically have large funding gaps and aren’t attractive to most tax credit syndicators and investors.
Caitlin Jones • 1 min read
The Maryland Department of Housing and Community Development has postponed its scheduled October 2009 competitive funding round for low-income housing tax credits until early 2010, with applications due in February.
Caitlin Jones • 4 min read
Providing housing for the homeless while simultaneously igniting an artists’ renaissance in a downtown Grand Rapids, Mich. neighborhood seemed like the perfect use for the low-income housing tax credit (LIHTC).
Caitlin Jones • 1 min read
The Washington State Housing Finance Commission has issued a memo summarizing proposed changes to its LIHTC program polices for 2010.
Caitlin Jones • 4 min read
A New Orleans developer has received a private letter ruling from the Internal Revenue Service that breaks new ground regarding a key income test under the federal new markets tax credit program.
Caitlin Jones • 1 min read
National Housing & Rehabilitation Association 2009 Fall Developers Forum November 2-3, 2009 Taj Hotel – Boston, Mass.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009: A number of top officials have been sworn at the U.S. Department of Housing and Urban Development. They include: Ron Sims, Deputy Secretary; Sandra Henriquez, Assistant Secretary for Public and Indian Housing; Peter Kovar, Assistant Secretary for Congressional and Intergovernmental Affairs; John Trasvina, Assistant Secretary for Fair Housing and Equal Opportunity; and Helen Kanovsky, General Counsel. Sims was formerly the chief executive of King County, WA. Henriquez previously was administrator and chief executive officer of the Boston Housing Authority. Kanovsky previously was chief operating officer and general counsel of the AFL-CIO Housing Investment Trust.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: The National Housing & Rehabilitation Association (NH&RA) is soliciting nominations of outstanding historic preservation projects for the Fifth Annual J. Timothy Anderson (Timmy) Awards for Excellence in Historic Rehabilitation. Anyone can submit a nomination; the entry deadline is 8/7/09.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009: The Tax Credit Advisor recently surveyed state housing credit agencies for information on the status of their efforts to implement the new TCAP and credit exchange programs, and details and timetables of their plans to award these dollars to stalled projects.