Caitlin Jones • 1 min read
Members of the HOPE VI Council, a council within NH&RA, met on March 10 at NH&RA’s 2010 Annual Meeting to discuss current issues and future activities. The Council is focusing on ways to enlist the support of HUD for positive actions regarding operating issues for HOPE VI projects to help such projects address and overcome current financial challenges.
Caitlin Jones • 1 min read
Members of the National Council of Affordable Housing Market Analysts (NCAHMA), a part of NH&RA, are putting together a white paper that will detail the suggested scope of study for the preparation of a market study for a proposed low-income housing tax credit project.
Caitlin Jones • 1 min read
NH&RA will be launching two new initiatives in the weeks ahead. One will be a new Legislative Leadership Council, which will be a coordinating body that makes recommendations to NH&RA’s Executive Committee regarding specific legislative and regulatory issues for the organization to pursue and act on.
Caitlin Jones • 1 min read
NH&RA officials on behalf of the Council for Energy Friendly Affordable Housing (CEFAH) met in mid-March with senior executives of the U.S. Department of Housing and Urban Development (HUD) on energy efficiency issues.
Caitlin Jones • 1 min read
Members of the New Markets Tax Credit Steering Committee, a council within NH&RA, interacted with officials from the Community Development Financial Institutions Fund and the Government Accountability Office (GAO) on March 10 at NH&RA’s 2010 NMTC Symposium.
Caitlin Jones • 1 min read
The National Housing & Rehabilitation Association elected officers and board members at its 2010 Annual Meeting on March 10-14 in Miami Beach, Fla.
Caitlin Jones • 5 min read
By Allen Feliz, Tax Credit Asset Management, LLC
Tax Credit Advisor, March 2010: The vast majority of low-income housing tax credit properties perform well, and most are continuing to do so, despite the economic downturn. There are, however, pockets of deep distress.
Caitlin Jones • 2 min read
Tax Credit Advisor, March 2010:
The Ohio Department of Development is soliciting applications by March 31 for $24.2 million worth of state historic preservation tax credits in the program’s latest funding round. The program offers a state tax credit equal to 25% of qualified rehabilitation expenditures for an historic building, up to a project cap of $5 million.
Caitlin Jones • 2 min read
Tax Credit Advisor, March 2010: The prospects for quick enactment of provisions to extend the low-income housing tax credit (LIHTC) exchange program and the new markets tax credit (NMTC) program brightened for a bit in February before becoming clouded.
Caitlin Jones • 10 min read
Tax Credit Advisor, March 2010: From New York to California and points in between, sponsors are engaging in niche construction and rehabilitation of affordable housing, either by producing specialized units or using non-traditional funding sources. Much of this output is the result of the American Recovery and Reinvestment Act of 2009 (ARRA).
Caitlin Jones • 4 min read
Tax Credit Advisor, March 2010: For Massachusetts builder Andrew Baker, getting to the finish line with his company’s first tax credit project as a developer has required hope, prayer – and federal credit exchange funds.
Caitlin Jones • 2 min read
Tax Credit Advisor, March 2010: In a new report, the Government Accountability Office describes the project and investment activity and patterns thus far under the federal new markets tax credit program, and outlines two options for enhancing the program.