NH&RA and its constituent members have been actively involved in the HOPE VI program as advocates and program participants since its inception in 1993. The HOPE VI Steering Committee brings together the most active HOPE VI developers and advisers to help address ongoing issues with the capitalization and operation of HOPE VI and mixed-finance developments across the country. The group is comprised of developers, owners, operators, financiers and consultants involved in public housing redevelopment to discuss the most pressing legislative, regulatory, financial, transactional and operating issues facing the industry and build consensus on solutions. The Steering Committee convenes regularly in person and by conference call to design solutions to the most pressing issues facing the public housing redevelopment community including the implementation of unit transformation policies, addressing funding shortfalls, program reauthorization and more...
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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.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC
Tax Credit Advisor, March 2010:
Ohio Opens New Application Round for State Historic Tax Credits
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.
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Date Published: 03/10/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit
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.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC, NMTC, Congress
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).
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC, NMTC, Affordable Housing, HUD
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.
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Date Published: 03/10/2010
Tags: Tax Credits, LIHTC
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