Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009: In a recent letter, the National Council of State Housing Agencies (NCSHA) has asked congressional tax-writing committee leaders to extend certain existing tax provisions relating to the low-income housing tax credit (LIHTC) and tax-exempt housing bonds, and new proposals to boost housing credit investment.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: The U.S. Department of Housing and Urban Development (HUD) on 10/6/09 published a notice updating its annual list of designated Difficult Development Areas (DDAs), and announcing some newly designated Qualified Census Tracts (QCTs), for the low-income housing tax credit program.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009: Three key U.S. senators have introduced a bill (S. 1637) to extend the existing federal new energy-efficient home tax credit and to provide an increased credit for low-income housing tax credit (LIHTC) properties.
Caitlin Jones • 4 min read
Tax Credit Advisor, November 2009: Donna Gambrell and the Community Development Financial Institutions (CDFI) Fund that she heads are busy on several fronts today in the federal new markets tax credit (NMTC) program.
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009:
The U.S. Department of Housing and Urban Development has issued a notice of funding availability (NOFA) to solicit applications for $1.43 billion available under the Continuum of Care Homeless Assistance Program.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: The U.S. Department of Housing and Urban Development (HUD) is soliciting public comments by 12/8/09 on a proposed rule published 10/9/09 that would amend Federal Housing Administration (FHA) multifamily mortgage insurance regulations.
Caitlin Jones • 6 min read
Tax Credit Advisor, November 2009: A revealing new report by Ernst & Young LLP quantifies the sharp decline in federal low-income housing tax credit (LIHTC) equity investment in the recent past, and suggests that passage of a legislative “carryback” proposal would likely boost future investment significantly.
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009: The Internal Revenue Service will be issuing a new version of IRS Form 8823 at some point, as a follow-up to the release of the revised 8823 Guide, according to IRS Senior Analyst Grace Robertson.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009: The Obama Administration on October 19 announced a temporary new two-part initiative to enable state and local housing finance agencies (HFAs) to issue new housing bonds and remarket existing variable-rate demand obligations (VRDOs).
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009:
The U.S. Department of Housing and Urban Development (HUD) has published final Fair Market Rents (FMRs) for Fiscal Year 2010, effective as of 10/1/09.
Caitlin Jones • 4 min read
Tax Credit Advisor, November 2009: Looking to boost the cash flow in your healthy or underperforming low-income housing tax credit project?
Expert A. J. Johnson says there’s multiple ways to do this – some may even be new to you.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: New bills (H.R. 3715, S. 1743) introduced in Congress would enhance the federal historic rehabilitation tax credit program. Introduced in the House by Rep. Allyson Schwartz (D-Pa.) and in the Senate by Sen. Blanche Lincoln, (D-Ark.), the legislation reflects proposed tax law changes developed by historic tax credit industry stakeholders through the Historic Tax Credit Coalition.