Articles Archives

Developer profile: Rob McCready Is Pushing to Get Stimulus-Assisted Projects to Construction

6 min read

An avid bike rider, Midwest tax credit developer Rob McCready is pedaling faster than ever in his day job.

The Tax Credit Crystal Ball: Where Are the Industries Headed?

10 min read

What’s ahead for the federal housing, historic, and new markets tax credit industries in the next year? The next five years? Will they have different investors, new project characteristics? Will they still exist? In recent interviews, industry participants and observers offered their predictions for the future of these sectors.

People in the News

1 min read

Kim Fry has joined the Maryland Affordable Housing Coalition as Executive Director.

IRS Announces 2009 National Pool Allocations

1 min read

The Internal Revenue Service has announced the allocation of $4.61 million in unused low-income housing tax credits to 29 states from the 2009 “national pool.”

New TCAP, Exchange Guidance; States Draw Down First Dollars

6 min read

The federal government has issued new guidance and a policy change for two new programs designed to assist stalled low-income housing tax credit (LIHTC) projects, as the first dollars prepared to flow to developers from state housing credit agencies.

State Agency Roundup

2 min read

New York State Division of Housing and Community Renewal has released its proposed 2010 qualified allocation plan (QAP) for its low-income housing tax credit (LIHTC) program.

Filling the Funding Gap on Rural, Small Housing Tax Credit Deals

5 min read

Putting together successful rural and small low-income housing tax credit projects is particularly difficult today. These deals typically have large funding gaps and aren’t attractive to most tax credit syndicators and investors.

State Briefs

1 min read

The Maryland Department of Housing and Community Development has postponed its scheduled October 2009 competitive funding round for low-income housing tax credits until early 2010, with applications due in February.

Historic Buildings Combined, Renovated to Provide Quality Apartments, Space for Artists

4 min read

Providing housing for the homeless while simultaneously igniting an artists’ renaissance in a downtown Grand Rapids, Mich. neighborhood seemed like the perfect use for the low-income housing tax credit (LIHTC).

Washington Proposes Changes to 2010 LIHTC Policies

1 min read

The Washington State Housing Finance Commission has issued a memo summarizing proposed changes to its LIHTC program polices for 2010.

IRS Letter Ruling Breaks New Ground Regarding Income Test

4 min read

A New Orleans developer has received a private letter ruling from the Internal Revenue Service that breaks new ground regarding a key income test under the federal new markets tax credit program.

Upcoming Conferences

1 min read

National Housing & Rehabilitation Association 2009 Fall Developers Forum November 2-3, 2009 Taj Hotel – Boston, Mass.

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