Caitlin Jones & A. J. Johnson • 13 min read
THERE IS STILL PLENTY OF DEBT available for new low-income housing tax credit (LIHTC) projects, despite the turmoil in the capital markets, according to lenders and other LIHTC program participants recently interviewed by the Tax Credit Advisor.
Caitlin Jones & A. J. Johnson • 1 min read
CENTERLINE HOLDING Company, parent company of Centerline Capital Group, has completed the securitization of a $2.8 billion portfolio of taxexempt affordable housing bonds with Freddie Mac.
Caitlin Jones & A. J. Johnson • 8 min read
FEDERAL LAWMAKERS, just returned to Washington for the start of the 2nd session of the 110th Congress, have a number of unfinished pieces of housing- and economic-related legislative proposals on their plate awaiting consideration or final approval.
Caitlin Jones & A. J. Johnson • 5 min read
TWO ORGANIZATIONS have developed proposed legislative solutions to the problem of anticipated widespread, prolonged “frozen rents” for low-income housing tax credit projects in many parts of the U.S.
Caitlin Jones & A. J. Johnson • 2 min read
IRS SENIOR Program Analyst Grace Robertson said she is updating parts of the so-called 8823 guide for the low-income housing tax credit (LIHTC) program, and expressed hope they will be released by late June. She spoke 1/14/08 at the National Council of State Housing Agencies’ HFA Institute conference in Washington, DC.
Caitlin Jones & A. J. Johnson • 7 min read
THE IRS IS CONSIDERING the addition of another optional method for computing utility allowances for low-income housing tax credit (LIHTC) projects, in its forthcoming final rule for utility allowances.
Caitlin Jones & A. J. Johnson • 1 min read
THE U.S. CENSUS BUREAU on 12/27/07 issued revised population estimates, as of 7/1/07, for all 50 states, the District of Columbia, and Puerto Rico. These new estimates, once officially transmitted by the IRS in a notice, will be used to compute the official 2008 volume caps for each state for low-income housing tax credits and tax-exempt private activity bonds.
Caitlin Jones & A. J. Johnson • 1 min read
THE IRS HAS ISSUED A NEW revenue ruling (2008-6) that says project- or tenant-based rental assistance payments made to an owner that are funded under the Indian Housing Block Grant (IHBG) program won’t be treated as federal grants under the low-income housing tax credit program.
Caitlin Jones & A. J. Johnson • 1 min read
PRESIDENT BUSH IN DECEMBER signed into law (P.L. 110-142) a bill (H.R. 3648) containing a provision modifying the student status rules under the low-income housing tax credit program.
Caitlin Jones & A. J. Johnson • 8 min read
USING THE LOW-income housing tax credit and other resources, developer Jim Nichols has transformed a federally financed cooperative housing property that had been a financial prison for its residents into a renovated 150-unit apartment complex providing an affordable and comfortable place to live.
Caitlin Jones & A. J. Johnson • 11 min read
This article will highlight some of the primary concerns and issues for developers and property managers in housing credit acquisition/ rehab projects. While it will focus on projects seeking both acquisition and rehabilitation credits, it will also, where appropriate, address issues relating to rehab only credit projects.
Caitlin Jones & A. J. Johnson • 6 min read
SYNDICATORS OFFERED ADVICE to developers and state housing credit agencies on how to cope with changing low-income housing tax credit (LIHTC) equity market conditions as they work on new deals in 2008, in comments 1/15/08 at a Washington, DC conference.