Caitlin Jones • 5 min read
Tax Credit Advisor, May 2009: In today’s tough economy, given the rising costs for affordable rental housing projects and the limited ability to raise rents, you need to cut expenses, grow income – or both – to juice your company’s bottom line.
Caitlin Jones • 9 min read
Tax Credit Advisor Content: Two federal agencies have issued long-awaited initial guidance and instructions needed by states to access and start distributing new funds provided by the American Recovery and Reinvestment Act (ARRA) to facilitate completion of stalled low-income housing tax credit (LIHTC) projects.
Caitlin Jones • 3 min read
Tax Credit Advisor, May 2009: The federal government is being asked by take steps to help state housing finance agencies (HFAs) issue housing bonds and to improve their liquidity. If taken, such actions could bolster debt financing for 4% low-income housing tax credit projects.
Caitlin Jones • 4 min read
Tax Credit Advisor, May 2009: Wonder what lies ahead on the national housing agenda? On April 20-21, three top Washington housing officials talked about what you can expect in the weeks and months ahead. This includes new housing legislation, increased funding, possible new programs, and close coordination between federal departments on actions and policies pertaining to housing and other domestic programs, such as energy and education.
Caitlin Jones • 5 min read
Tax Credit Advisor, May 2009: Welcome House, an aging affordable apartment building in downtown Atlanta, was far past its prime and headed for an uncertain future when developer Progressive Redevelopment, Inc. (PRI) decided to repeat history.
Caitlin Jones • 7 min read
Tax Credit Advisor, May 2009: A few details have emerged about the forthcoming federal guidance needed by states to begin accessing and awarding the new low-income housing tax credit (LIHTC) gap funds authorized by the American Recovery and Reinvestment Act (ARRA).
Caitlin Jones & A. J. Johnson • 2 min read
Tax Credit Advisor, April 2009: The Community Development Financial Institutions (CDFI) Fund has issued an implementation plan describing how it plans to award $3 billion in extra federal new market tax credits and other funds provided by the economic stimulus act.
Caitlin Jones & A. J. Johnson • 7 min read
Tax Credit Advisor, April 2009: Are you a teacher? If so, you can get great break on your monthly rent at the new Miller’s Court development in Baltimore, MD. Public education – and rewarding the professionals who contribute to it – is the theme of this $21.9 million historic rehabilitation project, which is utilizing new markets and historic tax credits.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor, April 2009: Maryland’s state historic rehabilitation tax credit program has yielded not only economic benefits but also environmental and sustainability benefits, according to a new report published by the Abell Foundation. The foundation supports various efforts to counter poverty and serve the disadvantaged in the Baltimore area.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor, April 2009:The low-income housing tax credit (LIHTC) equity market appears likely to remain muted at least for a number of months, even as projected yields to investors ramp upward rapidly.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, April 2009: Galen Terrace, an 84-unit affordable apartment property in the Anacostia neighborhood of Washington, DC, is a poster child for the benefits of green retrofitting.
Caitlin Jones & A. J. Johnson • 9 min read
Tax Credit Advisor, April 2009: Green is now the color in developers’ eyes. Whether it’s affordable rental housing assisted by the low-income housing tax credit (LIHTC), historic rehabilitation, or a new markets tax credit project, developing in a green and sustainable fashion has become almost essential to compete effectively for tax credits and other resources.