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.
Caitlin Jones • 8 min read
Tax Credit Advisor, July 2009: The Affordable Housing Tax Credit Coalition has recognized 13 outstanding and innovative low-income housing tax credit developments across the nation in the 15th Annual Charles L. Edson Tax Credit Excellence Awards competition.
Caitlin Jones • 6 min read
Tax Credit Advisor, July 2009: Despite the economic recession and shortage of low-income housing tax credit (LIHTC) equity, some developers have found ways to overcome setbacks to keep their housing credit projects on track.
Caitlin Jones • 2 min read
Tax Credit Advisor, July 2009:
Leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Transportation, and Environmental Protection Agency have announced the formation of a new Partnership for Sustainable Communities. The new partnership is designed to coordinate and leverage policies, resources, and actions of the three agencies to improve access by Americans to affordable housing and better, less costly transportation options, and to improve energy efficiency in communities nationwide. In the area of housing, the objective is to develop strategies to “expand location- and energy-efficient housing choices for people of all ages, incomes, races and ethnicities to increase mobility and lower the combined cost of housing and transportation.”
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009: Preservation of Affordable Housing (POAH), a Boston, MA-based affordable housing developer and owner, used energy audits performed by Bright Power, Inc. to obtain funds for energy improvements to three of its existing developments in the Boston area.
Caitlin Jones • 10 min read
Tax Credit Advisor, July 2009: State allocating agencies, faced with a hefty pipeline of stalled low-income housing tax credit (LIHTC) projects, are moving toward accepting applications and awarding financial assistance to these deals to move them forward under the new “TCAP” and “credit exchange” programs. Some agencies have begun accepting applications and at least one has made a few awards, according to responses to a survey by the Tax Credit Advisor.
Caitlin Jones • 8 min read
Tax Credit Advisor, June 2009: State agencies could make the first awards of stimulus act funds to stalled low-income housing tax credit (LIHTC) projects as soon as this month, according to sources.
Caitlin Jones • 3 min read
Tax Credit Advisor, May 2009: An IRS private letter ruling (200910024) clarifies the types of income a nonprofit health care provider can count toward qualifying the patients it serves as a low-income “targeted population” under the federal new markets tax credit (NMTC) program.
Caitlin Jones • 6 min read
Tax Credit Advisor, May 2009: Like the gardener sowing a plot to yield future bounty, the federal new markets tax credit is seeding low-income communities by helping to fund educational facilities – including charter schools and public schools that prepare low-income neighborhood youths for a more promising future.
Caitlin Jones • 4 min read
Tax Credit Advisor, May 2009: Several states are considering bills that would establish, cut back, or expand tax credits for the rehabilitation of historic buildings.
Caitlin Jones • 4 min read
Tax Credit Advisor, May 2009: WinnDevelopment, a Boston-based developer, owner, and manager of affordable and market-rate apartments, is making a big push into use of renewable solar energy as part of a broader strategy to cut energy and water costs at its properties.