FASB Releases Documents for LIHTC Accounting Change

By Glenn Petherick
February 28, 2014 1 min read

On January 15, the Financial Accounting Standards Board (FASB) issued the documentation for an accounting rule change ratified in December permitting public companies, if they qualify, to elect to use a new proportional amortization method of accounting for their low-income housing tax credit investments rather than the less favorable equity method. Accounting Standards Update No. 2014-01 can be viewed at FASB’s Web site (http://www.fasb.org).

(For background, see Tax Credit Advisor, January 2014, p. 8.)

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.