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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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