Tax Credit Advisor Article Archives

Affordable Housing: Prepare Early to Combine USDA Funding with Tax Credits

& 7 min read

THE U.S. DEPARTMENT OF AGRICULTURE’S Rural Development Office of Multi-Family Housing estimates that 4,250 Section 515 affordable rural housing properties “will physically deteriorate to the point of being unsafe or unsanitary within the next few years.”

New Study Warns Numerous Communities May Not See LIHTC Rent Increases for Years

& 6 min read

A NEW STUDY CONCLUDES THAT low-income housing tax credit (LIHTC) rents could stay flat for years in hundreds of communities across the U.S.

Tax-Exempt Debt, Housing Credits Allow Mixed-Finance Renovation of Small Public Housing Property

& 10 min read

THE USE OF HOUSING credits and a little-known Fannie Mae program is enabling a public housing agency in Jackson, TN, to fund the comprehensive rehabilitation of an older small public housing property for elderly and disabled residents.

Action on Tax Credit Legislation Bumped to 2008

& 6 min read

AS THE FIRST SESSION OF THE 110th Congress drew toward a close before year-end, supporters of transferred to 2008 their expectations for action by Congress on legislation to amend the federal low-income housing and historic rehabilitation tax credit programs, and to extend the federal new markets tax credit.

Developers Apply Certain Design Features, Management Practices to Prevent, Minimize On-Site Crime

7 min read

IN RECENT YEARS, DEVELOPERS, police departments, and others have become increasingly interested in design and crime prevention as they relate to development and management of affordable rental housing. Preventing or reducing crime in affordable apartment properties, including low-income housing tax credit projects, provides a safer and more positive environment for residents, enhances the marketability of properties, and can reduce operating costs.

Tennessee Issues Final 2008 QAP

& 1 min read

Tennessee’s governor has signed the state’s final QAP for its 2008 low-income housing tax credit program.

Maryland Announces Spring Round Deadline

& 1 min read

The Maryland Department of Housing and Community Development has announced that 4/1/08 will be the application deadline for its Spring 2008 Competitive Funding Round, which will offer low-income housing tax credits.

New Jersey Issues Proposed 2008 QAP

& 1 min read

The New Jersey Housing and Mortgage Finance Agency has issued its proposed 2008 qualified allocation plan (QAP) for its low-income housing tax credit program, and is accepting written comments on it through 4/19/08.

Nominations Solicited for National Historic Preservation Awards

& 1 min read

The National Trust for Historic Preservation and HUD are soliciting nominations by 3/1/08 for the 2008 HUD Secretary’s Award for Excellence in Historic Preservation.

Presidential Candidates’ Housing Positions Displayed

& 1 min read

The National Low Income Housing Coalition has created a Web site, called Housing 2008 (http://www.housing2008.org), that provides links to the various housing positions of the individual 2008 Democratic and Republican presidential candidates.

President Bush Signs FY 2008 Funding Bill

& 1 min read

President Bush on 12/26/07 signed into law a consolidated omnibus spending bill (H.R. 2764) to fund federal departments and agencies for the rest of the fiscal year (FY 2008) ending 9/30/08.

NMTC Sixth Funding Round Opens; Has New Rural Mechanism, Lower Award Cap

& 8 min read

THE COMMUNITY DEVELOPMENT Financial Institutions (CDFI) Fund has opened its sixth, last schedule funding round for the federal new markets tax credit (NMTC) program, with some significant changes from previous rounds.

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