Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor, March 2009: Just about every neighborhood has a corner school. But when the neighborhood is revitalized, is the school improved as well?
Caitlin Jones & A. J. Johnson • 7 min read
Tax Credit Advisor, March 2009: Florida developer Debra Koehler is using her past experience in building affordable apartments and renovating office towers to undertake a housing preservation niche – the rehabilitation and preservation of urban high-rise apartment buildings as affordable housing.
Caitlin Jones & A. J. Johnson • 2 min read
Tax Credit Advisor, March 2009: A New York housing agency has announced the creation of a new equity fund to jumpstart equity investment in low-income housing tax credit (LIHTC) projects in Upstate New York.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor, March 2009: A new national organization has developed an agenda of proposed federal legislative and policy changes to promote increased energy efficiency in affordable multifamily rental housing projects, and to reward investment for such activities.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor, March 2009: Affordable housing professionals are both happy and sad about the newly enacted economic stimulus bill. They’re pleased with provisions that will provide billions of dollars in new funds for stalled low-income housing tax credit (LIHTC) projects, and billions more for improvements to public and assisted housing projects. But they’re dismayed that the final bill left out other vital tax proposals designed to address today’s severe shortage of housing credit equity.
Caitlin Jones & A. J. Johnson • 10 min read
Tax Credit Advisor, March 2009: State allocating agencies in the Southeast U.S. are experiencing differing impacts from changed market conditions as they carry out their 2009 low-income housing tax credit (LIHTC) application cycles.
Caitlin Jones & A. J. Johnson • 7 min read
Tax Credit Advisor, March 2009: The new economic stimulus act contains billions of new dollars for affordable rental housing that should be channeled to developers in the near future, including for stalled low-income housing tax credit (LIHTC) projects.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, February 2009: On 1/22/09, the U.S. Senate confirmed Shaun Donovan as the new Secretary of the U.S. Department of Housing and Urban Development. Former Iowa governor Thomas Vilsack was confirmed on 1/20/09 as Secretary of the U.S. Department of Agriculture, which administers federal rural housing programs.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, February 2009:The USDA’s Rural Housing Service has solicited proposals from lenders for new Section 538 guaranteed loans for rural affordable rental housing projects, subject to the availability of appropriations. About $129 million was appropriated for the program in the last fiscal year (FY 2008).
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, February 2009: The U.S. Department of Housing and Urban Development on 1/12/09 in the Federal Register published a notice announcing the new Annual Adjustment Factors (AAFs) to be used to adjust Section 8 contract rents on assistance contract anniversary dates.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, February 2009: The U.S. Census Bureau on 12/22/08 issued revised population estimates, as of 7/1/08, for all 50 states, the District of Columbia, and Puerto Rico. These new estimates, once officially transmitted by the IRS in a notice, will be used to compute the official 2009 volume caps for each state for low-income housing tax credits and tax-exempt private activity bonds.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor, February 2009: The California Tax Credit Allocation Committee recently issued a notice outlining a handful of additional proposed changes to its proposed regulations for its 2009 low-income housing tax credit program.