Caitlin Jones • 2 min read
Tax Credit Advisor, December 2010: With funding gaps for new tax credit projects quite common, state tax credits are more important than ever in providing the extra juice to get deals to closing. But state tax credits vary widely in their structure and appeal to developers and investors, with significant pricing differences that greatly alter the amount of equity that they generate for real estate projects.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: Two years after its launch by the U.S. Department of Housing and Urban Development (HUD), so-called Lean Processing of Federal Housing Administration (FHA) Section 232 health care mortgages has produced a number of benefits. But a large backlog of pending applications is preventing this initiative from reaching its full potential.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: The Internal Revenue Services has provided additional guidance regarding physical suitability requirements for low-income housing tax credit projects, in a new Chief Counsel Advisory (No. 201042025) released October 22.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: The U.S. Department of Housing and Urban Development (HUD) is about to make further improvements to its Federal Housing Administration (FHA) multifamily mortgage insurance programs, including a new tax credit pilot program to roll out in the first quarter of 2011.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: The Republican takeover of the U.S. House of Representatives in the mid-term elections creates more questions than answers regarding what Congress might do regarding affordable housing and community development issues going forward.
Caitlin Jones • 1 min read
Tax Credit Advisor, December 2010: In a multi-ethnic corner of recession-ravaged Detroit, a local nonprofit is renovating an historic building originally used as a cigar factory into a modern health and services center for low-income families.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ State housing credit agencies are moving ahead with their plans and schedules for their 2011 low-income housing tax credit (LIHTC) funding rounds, with a number already having forward committed some of their anticipated 2011 credits.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ From a 320-unit market-rate condo/low-income apartment development planned in tony Santa Monica, California, to a 75-unit historic rehabilitation project outside Boston, mixed-income housing development is taking different forms these days.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ The Republican takeover of the U.S. House of Representatives in the mid-term elections creates more questions than answers regarding what Congress might do regarding affordable housing and community development issues going forward.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ December 2010 ““ The U.S. Department of Housing and Urban Development (HUD) is about to make further improvements to its Federal Housing Administration (FHA) multifamily mortgage insurance programs, including a new tax credit pilot program to roll out in the first quarter of 2011.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: The apartment market is gradually improving and headed for a major uptick a few years out, once employment and new household formation levels are robust again, according to officials at Marcus & Millichap, the national real estate brokerage firm.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: Nancy Rase, president of Homes for America, Inc., thrives on the demands of being an affordable housing developer.