A. J. Johnson & Caitlin Jones • 7 min read
Ground that once soaked up gasoline and diesel fuel has now been transformed into affordable housing for 100 families in the Bronx, NY neighborhood of Morris Park, thanks to federal low-income housing tax credits, state tax abatements, and a brownfield tax incentive.
A. J. Johnson & Caitlin Jones • 8 min read
The Internal Revenue Service has issued final regulations amending the requirements for determining utility allowances under the low-income housing tax credit (LIHTC) program. Published 7/29/08 in the Federal Register for immediate effect, the final rule modifies parts of the proposed rule issued 6/19/07, adding a new option for calculating utility allowances, mandating use of timely data, and clarifying certain requirements.
A. J. Johnson & Caitlin Jones • 16 min read
President Bush on 7/30/08 signed into law a massive housing stimulus/rescue bill (H.R. 3221) that makes sweeping changes to the low-income housing tax credit (LIHTC) program.
A. J. Johnson & Caitlin Jones • 16 min read
President Bush on 7/30/08 signed into law a massive housing stimulus/rescue bill (H.R. 3221) that makes sweeping changes to the low-income housing tax credit (LIHTC) program.
A. J. Johnson & Caitlin Jones • 6 min read
Syndicators have bumped up projected yields on the new national multi-investor low-income housing tax credit funds they are offering, which appear to be in greater numbers than a few months ago.
A. J. Johnson & Caitlin Jones • 1 min read
Virginia Community Capital and the National Housing Trust Community Development Fund, two leading affordable housing lenders, have announced a new $30 million preservation acquisition loan pool.
A. J. Johnson & Caitlin Jones • 1 min read
The Rhode Island Historical Preservation & Heritage Commission has announced the launch of a new online service that enables users to search the database of Rhode Island properties listed on the National Register of Historic Places.
A. J. Johnson & Caitlin Jones • 7 min read
Targeted population transactions, a new category of deals made eligible in 2004 for financing under the federal new markets tax credit (NMTC) program, have been tough to do for multiple reasons. Nevertheless, a number of NMTC targeted transactions have been structured and closed.
A. J. Johnson & Caitlin Jones • 10 min read
Renewable energy tax incentives, another part of green building, are increasingly being used in affordable housing, historic rehabilitation, and economic development projects, benefiting developers, owners, and residents.
A. J. Johnson & Caitlin Jones • 6 min read
Maine, New York, Colorado, and Ohio have enacted new legislation to expand or amend their state historic rehabilitation tax credit programs. Meanwhile, new legislation has cut back and will phase out Rhode Island’s historic preservation credit.
A. J. Johnson & Caitlin Jones • 1 min read
The Local Initiatives Support Corporation (LISC) has announced the release of a new, 58-page publication designed to assist developers and others in integrating green building and energy efficiency into the rehabilitation of existing affordable rental housing properties.
A. J. Johnson & Caitlin Jones • 9 min read
A statewide solar homeowner initiative in Connecticut, solar fiber optic lighting system in Alabama, solar-assisted public housing redevelopment project in Boston, and a wind power system-assisted apartment building in England illustrate the variety of ways that renewable energy is being used in affordable rental housing projects.