Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009:
The U.S. Department of Housing and Urban Development has issued a notice of funding availability (NOFA) to solicit applications for $1.43 billion available under the Continuum of Care Homeless Assistance Program.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: The U.S. Department of Housing and Urban Development (HUD) is soliciting public comments by 12/8/09 on a proposed rule published 10/9/09 that would amend Federal Housing Administration (FHA) multifamily mortgage insurance regulations.
Caitlin Jones • 6 min read
Tax Credit Advisor, November 2009: A revealing new report by Ernst & Young LLP quantifies the sharp decline in federal low-income housing tax credit (LIHTC) equity investment in the recent past, and suggests that passage of a legislative “carryback” proposal would likely boost future investment significantly.
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009: The Internal Revenue Service will be issuing a new version of IRS Form 8823 at some point, as a follow-up to the release of the revised 8823 Guide, according to IRS Senior Analyst Grace Robertson.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009: The Obama Administration on October 19 announced a temporary new two-part initiative to enable state and local housing finance agencies (HFAs) to issue new housing bonds and remarket existing variable-rate demand obligations (VRDOs).
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009:
The U.S. Department of Housing and Urban Development (HUD) has published final Fair Market Rents (FMRs) for Fiscal Year 2010, effective as of 10/1/09.
Caitlin Jones • 4 min read
Tax Credit Advisor, November 2009: Looking to boost the cash flow in your healthy or underperforming low-income housing tax credit project?
Expert A. J. Johnson says there’s multiple ways to do this – some may even be new to you.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: New bills (H.R. 3715, S. 1743) introduced in Congress would enhance the federal historic rehabilitation tax credit program. Introduced in the House by Rep. Allyson Schwartz (D-Pa.) and in the Senate by Sen. Blanche Lincoln, (D-Ark.), the legislation reflects proposed tax law changes developed by historic tax credit industry stakeholders through the Historic Tax Credit Coalition.
Caitlin Jones • 9 min read
Tax Credit Advisor, November 2009: Two of the earliest closed transactions using federal stimulus act dollars illustrate how these subsidies are rescuing stalled new low-income housing tax credit (LIHTC) projects, and the tortuous paths taken by their developers to piece together all their financing.
Caitlin Jones • 6 min read
Tax Credit Advisor, August 2009: Upstate New York developer Nelson Leenhouts is raising equity from private individuals. Susan Jenning’s firm is targeting smaller regional banks. And consultant Nick Ratti is encouraging developer clients to explore cheap dollars from the Federal Home Loan Bank System.
Caitlin Jones • 1 min read
Tax Credit Advisor, July 2009:
Continued: Innovative Developents Honored With Tax Credit Excellence Awards
Metropolitan/Urban Housing
The Shelton
Arlington, VA
Teutonia Gardens
Milwaukee, WI
Caitlin Jones • 8 min read
Tax Credit Advisor, August 2009: For housing authorities, municipalities, and other governmental entities that self-develop and desire to provide government-owned affordable housing, including workforce housing, Build America Bonds (Direct Payment BABs) provide a new financing vehicle to do this. Authorized by the American Recovery and Reinvestment Act of 2009 (ARRA), Direct Payment BABs can provide significant cost savings over previous options to finance rental housing that addresses specific local housing needs. These needs might include workforce housing, mixed-income housing, and housing targeted toward first responders, teachers, firefighters, police officers, and hospital workers.