Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009: A number of top officials have been sworn at the U.S. Department of Housing and Urban Development. They include: Ron Sims, Deputy Secretary; Sandra Henriquez, Assistant Secretary for Public and Indian Housing; Peter Kovar, Assistant Secretary for Congressional and Intergovernmental Affairs; John Trasvina, Assistant Secretary for Fair Housing and Equal Opportunity; and Helen Kanovsky, General Counsel. Sims was formerly the chief executive of King County, WA. Henriquez previously was administrator and chief executive officer of the Boston Housing Authority. Kanovsky previously was chief operating officer and general counsel of the AFL-CIO Housing Investment Trust.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: The National Housing & Rehabilitation Association (NH&RA) is soliciting nominations of outstanding historic preservation projects for the Fifth Annual J. Timothy Anderson (Timmy) Awards for Excellence in Historic Rehabilitation. Anyone can submit a nomination; the entry deadline is 8/7/09.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009: The Tax Credit Advisor recently surveyed state housing credit agencies for information on the status of their efforts to implement the new TCAP and credit exchange programs, and details and timetables of their plans to award these dollars to stalled projects.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009:
Florida Gov. Charlie Crist (R) has signed into law a bill (HB 485) that creates a Florida state new markets tax credit, patterned after the federal new markets credit.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: An Internal Revenue Service official has reported on the status of several low-income housing tax credit (LIHTC) compliance projects, and the most common reasons for current LIHTC audits.
Caitlin Jones • 13 min read
Tax Credit Advisor, July 2009: Public housing agencies (PHAs) are exerting an expanding force in housing and community development and in improving the lives of low-income persons, in routine and creative new things both alone and in partnership with private developers.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: The Community Development Financial Institutions (CDFI) Fund has announced $1.5 billion in additional new markets tax credit (NMTC) allocation awards to 32 organizations nationwide.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: The National Council of Affordable Housing Market Analysts (NCAHMA), a working group of real estate market analysts who focus part of their practice on affordable housing properties, has taken several recent strides to expand its visibility among multifamily real estate professionals.
Caitlin Jones • 9 min read
Tax Credit Advisor, July 2009: After a solid eight-year history, the federal new markets tax credit (NMTC) program faces a variety of critical issues – on the legislative, regulatory, and market fronts.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009: During 2005 through 2008, minority-owned community development entities (CDEs) had less success than non-minority CDEs in winning awards of new markets tax credit (NMTC) allocations, according to a new report (GAO-09-536) by the Government Accountability Office.
Caitlin Jones • 5 min read
Tax Credit Advisor, July 2009: Low-income housing tax credit (LIHTC) program participants cited some glimmers of light but predicted continued tough times for the industry at least through year-end, at a recent conference in Los Angeles.
Caitlin Jones • 6 min read
Tax Credit Advisor, July 2009: From measuring energy usage and revealing ways to cut costs, to providing entry to a myriad of possible governmental and private incentives, the energy audit is becoming an increasingly important tool for owners, developers, and managers of affordable multifamily rental housing properties.