Caitlin Jones • 6 min read
One by one, a growing number of developers are getting their new low-income housing tax credit (LIHTC) deals funded and closed. Often it’s a convoluted, lengthy, and less than pretty process, but sponsors are finding success nonetheless.
Caitlin Jones • 3 min read
Tax Credit Advisor, December 2009:
The National Housing & Rehabilitation Association (NH&RA) presented its 2009 Affordable Housing Vision Award to Lisa Alberghini and David Smith at a November 2 ceremony held as part of NH&RA’s Fall Developer’s conference in Boston.
Caitlin Jones • 2 min read
Tax Credit Advisor, December 2009: The National Trust Loan Fund has announced the award of $663,000 in grants to nine rehabilitation projects to help transform older and historic communities nationwide, from the Transformative Grant program of the National Trust for Historic Preservation (NTHP).
Caitlin Jones • 3 min read
Tax Credit Advisor, December 2009: The Community Development Financial Institutions (CDFI) Fund recently announced the award of $5.0 billion in federal new markets tax credit (NMTC) allocations to 99 Community Development Entities in the program’s seventh funding round.
Each allocatee must sign an agreement with the CDFI Fund before it can receive and start using its funds.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2009: The North Carolina Housing Finance Agency recently presented its Housing North Carolina Awards to five housing developments.
Caitlin Jones • 2 min read
Tax Credit Advisor, December 2009: The Affordable Housing Investors Council recently elected new officers for 2010. They are: Sindy Spivak, Bank of America, President; Leila Ahmadifar, Citi Community Capital, Vice President; Don Phelan, Babson Capital, Treasurer; and Rob Golden, Capital One, Secretary.
Caitlin Jones • 6 min read
Tax Credit Advisor, December 2009: Two new initiatives in California illustrate the flexibility and evolutionary nature of the federal new markets tax credit (NMTC) program. One project is a new energy company that is installing solar power equipment at 11 affordable rental housing communities, while the second will implement a model to use the NMTC to help struggling low-income homeowners avoid foreclosure and stay in their homes.
Caitlin Jones • 3 min read
Tax Credit Advisor, December 2009: The U.S. Department of Housing and Urban Development (HUD) is exploring ways to enhance its rental assistance programs and may unveil some new initiatives as early as next February in its FY 2011 budget proposal, according to HUD official Barbara Sard.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2009:
The Colorado Housing and Finance Authority (CHFA) has released a draft 2010 qualified allocation plan (QAP) for its low-income housing tax credit program. The draft is subject to modification after consideration of comments from the Tax Credit Advisory Committee and the public, and is subject to review and approval by CHFA’s board of directors.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2009:
The Colorado Housing and Finance Authority has published its new Green Communities Criteria and Certification Form. Beginning in 2010, to be eligible for low-income housing tax credits from CHFA, a project must comply with all of the mandatory provisions of the Green Communities criteria.
Caitlin Jones • 3 min read
Tax Credit Advisor, December 2009: Living near public transit is something most Americans once tried to avoid.
Today, things are different. Living near transit, such as on or by major bus lines or subway or light rail stops, is not only desirable but fashionable. So-called transit-oriented development – building housing units close to mass transit – is a key element of the popular planning and design philosophy called New Urbanism.
Caitlin Jones • 2 min read
Tax Credit Advisor, December 2009: The National Housing & Rehabilitation Association (NH&RA), in association with the National Trust Community Investment Corporation, a subsidiary of the National Trust for Historic Preservation, presented its 2009 J. Timothy Anderson (“Timmy”) Awards for Excellence in Historic Rehabilitation at an awards ceremony in Boston on November 3 as part of the NH&RA 2009 Fall Forum conference.