Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: For most Americans, Puerto Rico conjures up images of glorious white beaches and clear seas. But, in fact, the island has a significant low-income population that creates consistent robust demand for completed low-income housing tax credit units.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: Congress returns from recess in mid-September, after having advanced some housing bills in recent weeks but failing to enact critical “extenders” provisions, including those to continue the new markets tax credit program and low-income housing tax credit Section 1602 exchange program.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: Retired U.S. Army Brigadier General Robert Cocroft is the kind of guy you don’t say no to. As a result, he – and other public and private supporters – are bringing a new ray of hope to low-income military veterans in Milwaukee, including the disabled and formerly homeless.
Caitlin Jones • 1 min read
Tax Credit Advisor, September 2010: In the late 1920s, the hotel business in downtown St. Louis near the Union Station was bustling. Ten majestic new hotels along Market Street catered to businessmen and other weary travelers arriving from the nearby train station.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ September 2010 ““ In the late 1920s, the hotel business in downtown St. Louis near the Union Station was bustling.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ September 2010 ““ A solid tenant rental application is a key part of assuring that a low-income housing tax credit project fully complies with LIHTC program rules, so that the investors can receive the full amount of housing credits that they expect.
Caitlin Jones • 2 min read
Tax Credit Advisor, August 2010: Low-income housing tax credit developments in New York City have had a positive economic impact on the neighborhoods in which they are located, including raising property values, according to a new study released on June 23.
Caitlin Jones • 6 min read
Tax Credit Advisor, August 2010: “When you look at it, it’s almost like three different transactions in one,” says Amber Seely, of Renaissance Neighborhood Development Corporation (RNDC), the New Orleans-based developer of The Groves at Mile Branch Creek, a mixed-income planned unit development rising from the ground in Covington, La.
Caitlin Jones • 3 min read
Tax Credit Advisor, August 2010: On June 25, at a Chicago conference, federal officials cited statistics showing the huge positive impact from stimulus funds in shoring up the low-income housing tax credit (LIHTC) market as they reported on activity to date under the Tax Credit Assistance Program (TCAP) and Section 1602 exchange program.
Caitlin Jones • 11 min read
Tax Credit Advisor, August 2010: As she oversees the final stage of redevelopment of Cochran Gardens, St. Louis’ first major public housing complex, St. Louis Housing Authority Executive Director Cheryl Lovell is simultaneously supervising other development projects that will create new public housing and affordable rental units. She’s also holding her breath, awaiting possible radical changes from Washington in how public housing authorities (PHAs) do business and revitalize their housing stock.
Caitlin Jones • 2 min read
Tax Credit Advisor, August 2010: The National Council of State Housing Agencies is moving forward with a review, for possible changes, of its existing recommended practices for state housing credit agencies for low-income housing tax credit underwriting and allocations.
Initiated earlier this year, the review is being carried out by NCS
Caitlin Jones • 1 min read
Tax Credit Advisor, August 2010: Massachusetts Gov. Patrick Deval has signed into law a FY 2011 budget bill that includes an extension of the state’s historic rehabilitation tax credit program.