Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: The Internal Revenue Service is seeking ways to encourage greater investment in non-real estate businesses under the federal new markets tax credit program.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: A new report details how the federal historic rehabilitation tax credit has generated significant economic benefits in the last two years as well as over its life.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: The Community Development Financial Institutions (CDFI) Fund has opened the ninth funding round under the federal new markets tax credit (NMTC) program and is soliciting applications from community development entities (CDEs) by July 27 for $3.5 billion in NMTC allocation authority.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: The U.S. Department of Housing and Urban Development and Fannie Mae have unveiled a new program to refinance existing affordable multifamily rental housing properties and provide funds to pay for energy and water efficiency upgrades.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: With rent increases impossible or minimal at most low-income housing tax credit properties, owners and developers are increasingly looking at way to shave costs while maintaining and improving the quality of their product.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: After weathering the distress caused by the Great Recession, most low-income housing tax credit (LIHTC) markets experienced higher rents, occupancy levels, and revenues in 2010, and the vast majority of LIHTC properties continued to deliver tax benefits to investors and quality housing to residents.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2011: Data is born free, but everywhere it is enslaved: encrypted, password-protected, incompatibly compiled, or even just plain wrong.
Caitlin Jones • 1 min read
Tax Credit Advisor, February 2011: As 2011 begins, the rejuvenated low-income housing tax credit (LIHTC) equity market is in much better shape than the terrifying roller coaster market downturn of 2008-2009, when some industry players white-knuckled along just to survive.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically under-served local neighborhoods.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Preparing a market study for a typical proposed low-income housing tax credit project is challenging enough. But for a development that will serve a special needs population, the task is even more arduous.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: As he oversees his biggest project ever, Minneapolis developer George Sherman is living out one of Yogi Berra’s old lines – It’s déjà vu all over again.
Caitlin Jones • 1 min read
Tax Credit Advisor, June 2011: Advocates and developers see continuing opportunities in affordable rental housing preservation transactions, with energy conservation and services to enable residents to “age in place” as major themes.