Caitlin Jones & A. J. Johnson • 5 min read
Tax Credit Advisor January, 2006: Developers who skimp on spending when rehabilitating affordable housing properties may face serious problems in renting those properties post-rehab, according to a recent study from Paramount Financial Group.
Caitlin Jones & A. J. Johnson • 3 min read
Tax Credit Advisor January, 2006: The U.S. Department of Housing and Urban Development (HUD) has identified an increase in households with severe housing needs in its latest report on the subject, documenting a worrisome trend.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor January, 2006: After 13 straight years of annual increases in purchases of Low Income Housing Tax Credits (LIHTC), Freddie Mac’s investments in these credits finally leveled off in 2005.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor January, 2006: A bill was recently introduced in the U.S. House of Representatives that seeks to correct what preservationists believe is a serious flaw in the facade easement reform provisions included in the Senate’s tax reconciliation bill.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor January, 2006: The CDFI Fund recently announced that it has accepted 13 additional applications for its 4th round allocation of New Markets Tax Credits (NMTCs). The applicants, located in areas affected by Hurricanes Katrina and Rita, asked for $2.38 billion in NMTCs, raising the number of applications to 254, and the amount of requested tax credits to $28.37 billion, according to the Fund’s December 2005 e-newsletter.
Caitlin Jones & A. J. Johnson • 6 min read
Tax Credit Advisor January 2006 This summer’s hurricanes could add significantly to hard construction expenses in 2006, affecting the costs of multifamily building more than those in the single-family sector.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor January 2006: The outlook for multifamily housing is bright in 2006, according to Greg Willett, Vice President, Research and Analysis, at Carrolton, Tex.-based M/PF YieldStar.
Caitlin Jones & A. J. Johnson • 4 min read
Tax Credit Advisor December, 2008: A recent study quantifies the economic benefits generated by North Carolina’s state historic rehabilitation tax credit. The study, A Profit Past, A Price Future, was prepared by Rebecca Holton as part of an independent study at the University of North Carolina at Chapel Hill. The study obtained data through the North Carolina State Historic Preservation Office, and was based on interviews with experts in the field and a review of other statewide tax credit studies.
Caitlin Jones & A. J. Johnson • 1 min read
The New York State Division of Housing and Community Renewal has announced the availability of federal and state housing tax credits, and other types of funds, as part of its 2009 Unified Funding Round.
Caitlin Jones & A. J. Johnson • 1 min read
The New York State Division of Housing and Community Renewal (DHCR) has announced that DHCR and the state Housing Trust Fund Corporation, subject to the availability of funds, will consider requests for additional low-income housing tax credits from developers with prior credit awards, in order to address the loss of tax credit equity due to condition’s beyond the control of such awardees.
Caitlin Jones & A. J. Johnson • 1 min read
Representatives of the HOPE VI Working Group of the National Housing & Rehabilitation Association (NH&RA), a multifamily housing trade group, met with HUD Secretary Steven Preston on 11/10/08 to discuss operational and asset management issues with projects funded under HUD’s mixed-finance and HOPE VI public housing redevelopment programs.
Caitlin Jones & A. J. Johnson • 1 min read
The U.S. Department of Housing and Urban Development (HUD) on 11/10/08 in the Federal Register published new operating cost adjustment factors for Fiscal Year 2009.