Caitlin Jones Author Archives

CDFI Fund Director Pursues Possible Changes to New Markets Program, Seeks to Broaden Investor Base

4 min read

Tax Credit Advisor, November 2009: Donna Gambrell and the Community Development Financial Institutions (CDFI) Fund that she heads are busy on several fronts today in the federal new markets tax credit (NMTC) program.

Funding Opportunities

2 min read

Tax Credit Advisor, November 2009:

HUD Announces Availability of Homeless Assistance Funds

The U.S. Department of Housing and Urban Development has issued a notice of funding availability (NOFA) to solicit applications for $1.43 billion available under the Continuum of Care Homeless Assistance Program.

HUD Proposes Rule Regarding Escrows

1 min read

Tax Credit Advisor, November 2009: The U.S. Department of Housing and Urban Development (HUD) is soliciting public comments by 12/8/09 on a proposed rule published 10/9/09 that would amend Federal Housing Administration (FHA) multifamily mortgage insurance regulations.

LIHTC Investment Down But Carryback Would Help, Report Finds

6 min read

Tax Credit Advisor, November 2009: A revealing new report by Ernst & Young LLP quantifies the sharp decline in federal low-income housing tax credit (LIHTC) equity investment in the recent past, and suggests that passage of a legislative “carryback” proposal would likely boost future investment significantly.      

IRS Will Issue New Form 8823; Completion of Revised LIHTC Audit Guide Next Priority

2 min read

Tax Credit Advisor, November 2009: The Internal Revenue Service will be issuing a new version of IRS Form 8823 at some point, as a follow-up to the release of the revised 8823 Guide, according to IRS Senior Analyst Grace Robertson.      

New Administration Initiative Aims to Aid Housing Bond Market

3 min read

Tax Credit Advisor, November 2009: The Obama Administration on October 19 announced a temporary new two-part initiative to enable state and local housing finance agencies (HFAs) to issue new housing bonds and remarket existing variable-rate demand obligations (VRDOs).      

Capital Briefs

2 min read

Tax Credit Advisor, November 2009:

HUD Publishes FY 2010 Final Fair Market Rents

The U.S. Department of Housing and Urban Development (HUD) has published final Fair Market Rents (FMRs) for Fiscal Year 2010, effective as of 10/1/09.

Boost Your Property’s Income! Housing Tax Credit Expert Tells You How

4 min read

Tax Credit Advisor, November 2009: Looking to boost the cash flow in your healthy or underperforming low-income housing tax credit project?      

Expert A. J. Johnson says there’s multiple ways to do this – some may even be new to you.

New Bills Would Enhance Historic Rehabilitation Tax Credit

1 min read

Tax Credit Advisor, November 2009: New bills (H.R. 3715, S. 1743) introduced in Congress would enhance the federal historic rehabilitation tax credit program. Introduced in the House by Rep. Allyson Schwartz (D-Pa.) and in the Senate by Sen. Blanche Lincoln, (D-Ark.), the legislation reflects proposed tax law changes developed by historic tax credit industry stakeholders through the Historic Tax Credit Coalition.

Kansas, Denver Projects Show How Stimulus Dollars Are Rescuing Deals

9 min read

Tax Credit Advisor, November 2009: Two of the earliest closed transactions using federal stimulus act dollars illustrate how these subsidies are rescuing stalled new low-income housing tax credit (LIHTC) projects, and the tortuous paths taken by their developers to piece together all their financing.     

Developers Target Private Individuals, Regional Banks to Help Fund New Housing Tax Credit Projects

6 min read

Tax Credit Advisor, August 2009: Upstate New York developer Nelson Leenhouts is raising equity from private individuals. Susan Jenning’s firm is targeting smaller regional banks. And consultant Nick Ratti is encouraging developer clients to explore cheap dollars from the Federal Home Loan Bank System.

Honorable Mentions

1 min read

Tax Credit Advisor, July 2009:

Continued: Innovative Developents Honored With Tax Credit Excellence Awards

 

Metropolitan/Urban Housing

The Shelton 

Arlington, VA

Teutonia Gardens

Milwaukee, WI

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