Tax Credit Advisor Article Archives

House Passes Rural Housing Bill

& 1 min read

The U.S. House of Representatives on 1/23/08 approved a bill (H.R. 3873) that would direct USDA’s Rural Housing Service to make administrative and procedural changes to expedite approvals of applications for transfers of ownership of RHS Section 515 rural rental housing properties.

CDFI Fund Issues List of Non-Metro Census Tracts

& 1 min read

The Community Development Financial Institutions (CDFI) Fund has published a list of 6,488 census tracts within non-metropolitan counties nationwide eligible for investments under the federal new markets tax credit (NMTC) program.

The Florida Housing Finance

& 1 min read

The Florida Housing Finance Corporation will hold an application workshop on 3/13/08 in Tallahassee for its 2008 Universal Application Cycle.

California Adopts Final Rule Changes

& 1 min read

The California Tax Credit Allocation Committee has adopted final regulation changes for its 2008 low-income housing tax credit program, which it outlined in a memorandum dated 2/4/08.

Connecticut Approves QAP, Sets Deadline

& 1 min read

The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.

Multiple States Considering Legislation Relating to State Historic Tax Credits

& 5 min read

THE NEW YEAR HAS SEEN the introduction of legislative proposals to curtail, expand, or establish various state historic rehabilitation tax credits. Declining revenues and a projected budget deficit are the motivating factors in some states.

Vibrant Seattle Economy Spurs Demand for Affordable Housing

& 7 min read

A GROWING POPULATION, expanding job market, and rising home values make Seattle,WA nicknamed the Emerald City after the many lush evergreen trees in the area, a true jewel of a locale for affordable and market-rate multifamily housing.

HUD Releases FY 2008 Median Incomes, Income Limits

& 1 min read

The U.S. Department of Housing and Urban Development (HUD) on 2/13/08 released its estimates for Fiscal Year 2008 of median family income and income limits for 532 metropolitan and 2,043 non-metropolitan areas nationwide.

Connecticut Approves QAP, Sets Deadline

& 1 min read

The Connecticut Housing Finance Authority’s board on 1/31/08 approved the 2008 qualified allocation plan for its low-income housing tax credit program.

New Atlanta Loan Fund Established

& 2 min read

THE CITY OF ATLANTA, GA AND Enterprise Community Partners have announced a new $25.5 million funding source available to developers of affordable and mixed-income owner occupied, multifamily rental, and supportive housing projects.

New Markets Tax Credit Is Funding Mixed-Use Facility with Affordable Apartments, Child Services Center

& 5 min read

THE FEDERAL NEW MARKETS tax credit is being used to help fund a $9 million mixed-use development project in Washington, DC that will involve the rehabilitation of 27 affordable apartments and the addition of commercial space for a 24-hour child care center.

HUD Issues Policy on Owner Requests for Conversions of Efficiencies

& 3 min read

THE U.S. DEPARTMENT OF HOUSING and Urban Development (HUD) has issued a policy memorandum setting out uniform requirements and processing procedures for requests by owners of certain HUD-assisted and/or ““insured multifamily housing projects to convert efficiency apartments to one-bedroom units.

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