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.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: The Small Business Jobs Act of 2010 (H.R. 5297, P.L. 111-240) signed into law by President Obama on September 27 provides some minor benefits regarding tax credits and real estate.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: For the new markets tax credit (NMTC) industry, all eyes are on Washington, wondering whether or when Congress will enact legislation to reauthorize the program, which lapsed on December 31, 2009.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ November 2010 ““ In a stretch of downturn Albuquerque, N.M. marked by a number of aged ““ in some cases rundown ““ motels, a local nonprofit plans to renovate and convert two of them into affordable apartments.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: Donna Gambrell, Director of the Community Development Financial Institutions (CDFI) Fund, is optimistic that Congress will reauthorize the federal new markets tax credit (NMTC) program, clearing the way for the announcement of 2010 funding round allocation awards.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ November 2010 ““ What’s the “sweet spot” today in the historic tax credit rehabilitation world? Which projects are getting funded and developed?
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: The Montana Board of Housing (MBOH) has agreed to take certain steps and to consider changes to its qualified allocation plan for its low-income housing tax credit (LIHTC) program, under a settlement agreement with a consulting firm.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2010: Investment tax credits -low-income housing, new markets, historic – are a different kind of money with three beneficial features that no appropriated government program can duplicate: risk transfer, collectible recapture, and outcome-based compliance. Mix them together with market dynamics, in a financial ecosystem that supports equity syndication, and the result is market synergy for public benefit.
Caitlin Jones • 1 min read
By A. J. Johnson
Tax Credit Advisor, November 2010: Owners and developers need to be careful when it comes to the presence of commercial activities in low-income housing tax credit (LIHTC) projects.
Caitlin Jones • 1 min read
Tax Credit Advisor ““ November 2010 ““ The Small Business Jobs Act of 2010 (H.R. 5297, P.L. 111-240) signed into law by President Obama on September 27 provides some minor benefits regarding tax credits and real estate.
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 ““ October 2010 ““ The recession technically ended more than 11 months ago, but the recovery has been slow and uneven across regions and metropolitan areas. Through August, the U.S. economy has regained only 720,000 of the 8.4 million jobs lost during the recession. Many markets have seen no or minimal job growth.