Caitlin Jones • 12 min read
Tax Credit Advisor, November 2009:
By A.J. Johnson
On September 25, the Internal Revenue Service released the revised 8823 Guide. The Guide is intended to provide assistance to state housing credit agencies in completing IRS Form 8823, which is filed with the Service to report incidents of noncompliance in low-income housing tax credit (LIHTC) projects, or the correction of noncompliance.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009:
The Kentucky Housing Corporation has released its final qualified allocation plan (QAP) for its 2010 low-income housing tax credit (LIHTC) program.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009:
The Arizona Department of Housing has issued a notice to solicit applications by 12/15/09 for funds available under the Neighborhood Stabilization Program for the redevelopment of foreclosed multifamily rental housing projects to serve persons at or below 50% of the area median income.
Caitlin Jones • 4 min read
Tax Credit Advisor, November 2009:
By Marty Bell
For Lisa Alberghini, the inspiration has always been family. The house where she grew up in the working class town of Burlington, Mass., 15 miles north of Boston, along with six brothers and sisters, is still the home to five generations of her family, beginning with her 103-year-old grandmother.
Caitlin Jones • 5 min read
Tax Credit Advisor, November 2009:
By Marty Bell
David A. Smith is an energy machine. Standing before a room full of Washington housing professionals to present his newest innovative idea, Mission Entrepreneurial Entities (MEEs), he is the peripatetic college professor you always wanted to have, the orchestra conductor, the ringmaster.
Caitlin Jones • 5 min read
Tax Credit Advisor, November 2009:
The National Housing & Rehabilitation Association (NH&RA) will present its 2009 Affordable Housing Vision Award to two Bostonians for outstanding accomplishments and leadership in the field of affordable housing, at a November 2 ceremony in Boston during the NH&RA Fall Developers Forum.
Caitlin Jones • 10 min read
Tax Credit Advisor, November 2009: No matter how you look at it – from the perspective of a developer, investor, lender, community development entity, or other participant – the federal new markets tax credit (NMTC) program is grappling with significant challenges. Not as severe as in the low-income housing tax credit industry, but serious tests nonetheless.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: The Community Development Financial Institutions (CDFI) Fund expects to publish a notice of funding availability and a proposed regulation for the new Capital Magnet Fund program in January 2010, according to CDFI Fund Director Donna Gambrell.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009: Three key U.S. senators have introduced a bill (S. 1637) to extend the existing federal new energy-efficient home tax credit and to provide an increased credit for low-income housing tax credit (LIHTC) properties.
Caitlin Jones • 2 min read
Tax Credit Advisor, November 2009: In a recent letter, the National Council of State Housing Agencies (NCSHA) has asked congressional tax-writing committee leaders to extend certain existing tax provisions relating to the low-income housing tax credit (LIHTC) and tax-exempt housing bonds, and new proposals to boost housing credit investment.
Caitlin Jones • 1 min read
Tax Credit Advisor, November 2009: The U.S. Department of Housing and Urban Development (HUD) on 10/6/09 published a notice updating its annual list of designated Difficult Development Areas (DDAs), and announcing some newly designated Qualified Census Tracts (QCTs), for the low-income housing tax credit program.
Caitlin Jones • 3 min read
Tax Credit Advisor, November 2009: Three key U.S. senators have introduced a bill (S. 1637) to extend the existing federal new energy-efficient home tax credit and to provide an increased credit for low-income housing tax credit (LIHTC) properties.