Caitlin Jones & A. J. Johnson • 11 min read
A former brewery converted to affordable housing, a retreat and meeting center created from former military buildings, and a new community and media center built from the transformation of a former power substation are just a few of the historic rehabilitation projects named finalists in the 2008 J. Timothy (“TimmyÓ) Awards for Excellence in Historic Preservation.
Caitlin Jones & A. J. Johnson • 1 min read
President Bush on 10/3/08 received a bill (H.R. 2786) passed by Congress to reauthorize and amend the Native American Housing Assistance and Self-Determination Act (NAHASDA) and the Native American housing and economic development programs that fall under it.
Caitlin Jones & A. J. Johnson • 1 min read
President Bush signed on 10/1/08 signed a continuing resolution (H.R. 2638) passed by Congress to temporarily fund all federal departments and agencies through 3/6/09 at FY 2008 funding levels.
Caitlin Jones & A. J. Johnson • 1 min read
New IRS Revenue Procedure 2008-66 specifies the inflation-adjusted volume caps for each state for calendar 2009 for low-income housing tax credits and for tax-exempt private activity bonds.
Caitlin Jones & A. J. Johnson • 1 min read
New IRS Revenue Procedure 2008-57 specifies awards of an additional $4.16 million in low-income housing tax credit authority to 28 states from the 2008 “national pool.”
Caitlin Jones & A. J. Johnson • 1 min read
The Florida Housing Finance Corporation has issued a proposed timeline and proposed parameters for a new Preservation Pilot Program, for which $10 million in state funding is available. The program will provide loans for acquisition and predevelopment costs for qualified existing properties.
Caitlin Jones & A. J. Johnson • 2 min read
The National Housing & Rehabilitation Association (NH&RA) presented its 2008 “Timmy” Awards to nine standout historic rehabilitation projects at an awards ceremony in Boston on 10/27/08 during the NH&RA 2008 Fall Forum conference.
Caitlin Jones & A. J. Johnson • 6 min read
A former U.S. Army base just outside San Francisco has been rehabilitated and converted through adaptive use into a resort lodge and conference center, using the federal historic tax credit and other resources. The nearly $100 million development, called Cavallo Point – The Lodge at the Golden Gate, also utilized the federal solar tax credit and green building features.
Caitlin Jones & A. J. Johnson • 6 min read
As she approaches her one-year anniversary as Director of the Community Development Financial Institutions (CDFI) Fund, Donna Gambrell is looking forward to at least one more funding round for the federal new markets tax credit (NMTC) program and is celebrating its accomplishments.
Caitlin Jones & A. J. Johnson • 6 min read
The Internal Revenue Service has issued a new proposed rule outlining requirements for investments serving “targeted populations” under the federal new markets tax credit (NMTC) program. The IRS invited public comments by 12/23/08 and announced a public hearing for 1/22/09.
Caitlin Jones & A. J. Johnson • 4 min read
Accurate and conservative underwriting is critical in planning new low-income housing tax credit (LIHTC) projects today. To do so, developers need to use a qualified market analyst and obtain a solid market study for their proposed project.
Caitlin Jones & A. J. Johnson • 2 min read
The Washington State Housing Finance Commission has rolled out a new loan program designed to help developers rapidly acquire land or properties for use in affordable housing projects, in communities where gentrification and similar trends pose a threat.