Caitlin Jones • 3 min read
At press time, Congress still had not net completed approval of the tax extenders bill (H.R. 4213). In May, leading lawmakers forged a compromise bill for votes on final passage. But cost concerns led the House to modify and trim the package before approving an amended version on May 28.
Caitlin Jones • 5 min read
The Affordable Housing Tax Credit Coalition recognized winners of the 16th Annual Charles L. Edson Tax Credit Excellence Awards at a Capitol Hill luncheon ceremony on June 2 in Washington, D.C.
Caitlin Jones • 4 min read
By Thom Amdur, NH&RA
August is always slow for Congressional watchers, but especially so this election year. Complicated by extreme partisanship, many key pending Congressional initiatives critical to our industry, including tax extenders legislation and small business legislation, are in limbo. With few legislative days left before the November elections, critical housing legislation may not be passed before then ““ or even in a lame duck session.
Caitlin Jones • 7 min read
Woodbridge at Parkway Village, a new solar-powered affordable senior rental development under construction near Atlanta, Ga., embodies the twin spirits of pioneering and determination.
Caitlin Jones • 2 min read
State housing credit agencies have awarded more than $3 billion so far in federal Section 1602 exchange funds to affordable rental housing projects, with a little more than tenth this amount not yet awarded, according to responses to a May survey by the Tax Credit Advisor.
Caitlin Jones • 4 min read
The project is nearly finished. The construction loan is exhausted, and most of the trades have not been paid for months. Sounds like the perfect path to Foreclosure City, right? Not quite.
Caitlin Jones • 5 min read
Last month’s column identified enterprise finance – the practice of lending to the sponsor entity as a conduit to its whole portfolio, rather than to each project as a non-recourse stand-alone special purpose vehicle (SPV) – as having many benefits, and pointed as a positive example to British experience with larger, vertically-integrated, geographically-concentrated housing associations.
Caitlin Jones • 4 min read
The New York City Housing Authority (NYCHA) has closed a complex, innovative housing bond transaction that will finance renovations and close operating deficits for a large chunk of public housing properties in its portfolio.
Caitlin Jones • 4 min read
On May 20, Maryland Gov. Martin O’Malley signed into law a bill (H.B. 475) extending the state’s historic tax credit program and expanding it to authorize new tax incentives for non-historic projects and for energy efficiency.
Caitlin Jones • 2 min read
The House Finance Services Committee recently approved a bill (H.R. 2336) that would provide incentives to encourage greater energy efficiency and sustainability in affordable housing, and create jobs.
Caitlin Jones • 6 min read
The name Google is synonymous with the Internet. Starting now, there’s a new association as well – with affordable housing.
Caitlin Jones • 6 min read
By Allen Feliz, Tax Credit Asset Management, LLC
The worst recession since the Great Depression may be yesterday’s news, but the affordable rental housing sector is still reeling from its effects. Although most affordable multifamily rental properties continue to pay their debt service and deliver tax benefits, they are not immune from market pressures caused by the economic downturn and the sluggishness of the recovery.