Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor August, 2006: Developers can substantially cut energy costs in newly built or rehabilitated apartment buildings by insisting on energy load computations to guide the design of plans and specs, according to New York City architect Chris Benedict.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor August, 2006: States are continuing to advance their efforts to require increased energy efficiency, healthier environments, and more sustainable building sites for low-income housing tax credit developments, according to a recent study from Enterprise.
Caitlin Jones & A. J. Johnson • 1 min read
Tax Credit Advisor July, 2006: The U.S. Tax Court in a recent decision denied a Northern Virginia developer $342,000 in federal tax deductions claimed for donation of a conservation easement, holding the facts and documents didn’t support the claim.
Caitlin Jones & A. J. Johnson • 7 min read
Tax Credit Advisor July, 2006: The low-income housing tax credit equity market continues to be in apparent transition, with the future trend unclear.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor July, 2006: More than one-half of the state agencies responding to a recent Tax Credit Advisor survey said they receive a substantial number of low-income housing tax credit applications that have mistakes or are incomplete.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor July, 2006: Nearly two-thirds of state housing credit agencies (HCAs) responding to a recent survey have committed all or nearly all of their 2006 low-income housing tax credits. More than a third have awarded some 2007 housing credits, and a number of states have begun work on their 2007 credit program plans and schedules.
Caitlin Jones & A. J. Johnson • 5 min read
Tax Credit Advisor July, 2006: An obscure appropriations act provision offers opportunities for new, different, and multiple-property affordable housing transactions, including using the low-income housing tax credit.
Caitlin Jones & A. J. Johnson • 8 min read
Tax Credit Advisor July, 2006: Mixed-use development can pose many challenges. Those challenges typically begin with the complexity and high cost of these projects, and their long timelines. There is also the pressure to bring in commercial as well as residential tenants, and the special issues of addressing the needs of a multitude of different stakeholders.
Caitlin Jones & A. J. Johnson • 6 min read
Tax Credit Advisor July, 2006: Efforts to win new legislative amendments to the low-income housing tax credit program appear poised for a boost in the U.S. Senate, but the odds for enactment this year are long, according to industry and congressional sources.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor July, 2006: In two important recent victories for preservationists and developers, the legislatures of Connecticut and Massachusetts have significantly broadened their states’ historic tax credit.
Caitlin Jones & A. J. Johnson • 6 min read
Tax Credit Advisor July, 2006: Florida Gov. Jeb Bush recently signed into law legislation that adds $271 million in new affordable housing funding, including money for an innovative program to expand workforce housing. House Bill No. 1363 also provides for a novel approach to the donation of land for affordable housing.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor July, 2006: The Community Development Financial Institutions (CDFI) Fund and Internal Revenue Service have provided guidance on the designation of targeted populations under the New Markets Tax Credit program. The guidance includes a special designation in the Hurricane Katrina Gulf Opportunity (GO) Zone.