Caitlin Jones & A. J. Johnson • 1 min read
The Florida Housing Finance Corporation has issued a proposed timeline and proposed parameters for a new Preservation Pilot Program, for which $10 million in state funding is available. The program will provide loans for acquisition and predevelopment costs for qualified existing properties.
Caitlin Jones & A. J. Johnson • 2 min read
The National Housing & Rehabilitation Association (NH&RA) presented its 2008 “Timmy” Awards to nine standout historic rehabilitation projects at an awards ceremony in Boston on 10/27/08 during the NH&RA 2008 Fall Forum conference.
Caitlin Jones & A. J. Johnson • 6 min read
A former U.S. Army base just outside San Francisco has been rehabilitated and converted through adaptive use into a resort lodge and conference center, using the federal historic tax credit and other resources. The nearly $100 million development, called Cavallo Point – The Lodge at the Golden Gate, also utilized the federal solar tax credit and green building features.
Caitlin Jones & A. J. Johnson • 6 min read
As she approaches her one-year anniversary as Director of the Community Development Financial Institutions (CDFI) Fund, Donna Gambrell is looking forward to at least one more funding round for the federal new markets tax credit (NMTC) program and is celebrating its accomplishments.
Caitlin Jones & A. J. Johnson • 6 min read
The Internal Revenue Service has issued a new proposed rule outlining requirements for investments serving “targeted populations” under the federal new markets tax credit (NMTC) program. The IRS invited public comments by 12/23/08 and announced a public hearing for 1/22/09.
Caitlin Jones & A. J. Johnson • 4 min read
Accurate and conservative underwriting is critical in planning new low-income housing tax credit (LIHTC) projects today. To do so, developers need to use a qualified market analyst and obtain a solid market study for their proposed project.
Caitlin Jones & A. J. Johnson • 2 min read
The Washington State Housing Finance Commission has rolled out a new loan program designed to help developers rapidly acquire land or properties for use in affordable housing projects, in communities where gentrification and similar trends pose a threat.
Nathan Petrillo • 7 min read
Three mixed-income housing developments that thoughtfully respond to their surroundings and residents’ needs were winners in an annual design competition organized by the American Institute of Architects (AIA) and the U.S. Department of Housing and Urban Development (HUD). These recipients of the 2008 AIA/HUD Secretary’s Housing and Community Design Awards demonstrate that design excellence and affordable housing can go hand-in-hand.
Caitlin Jones & A. J. Johnson • 8 min read
The worsening credit crisis from late September into October has created new difficulties for the already battered low-income housing tax credit (LIHTC) market.
Caitlin Jones & A. J. Johnson • 3 min read
California Gov. Arnold Schwarzenegger (R) in late September signed into law two bills revising the state’s low-income housing and farmworker housing tax credit programs.
Caitlin Jones & A. J. Johnson • 3 min read
New Internal Revenue Service Revenue Procedure 2008-60 provides guidance on how investors can make an election to retire an existing recapture bond they’ve posted under the low-income housing tax credit (LIHTC) program.
Caitlin Jones & A. J. Johnson • 2 min read
The U.S. Department of Housing and Urban Development (HUD) has begun to implement the new Neighborhood Stabilization Program (NSP), which was established by the Housing and Economic Recovery Act signed on 7/30/08.