Senate Finance Committee approved a tax extender bill that fixes the 9% and 4% credit rate floor for allocations made in 2015 and 2016. These provisions are part of a larger two-year tax extender bill.
State news and QAP updates for the week of July 29 includes what’s happening in Connecticut, District of Columbia, Maryland, Nebraska, Oregon, and Washington.
A report from the Government Accountability Office suggests that a joint administration between the IRS and the Department of Housing and Urban Development (HUD) would benefit the Low-Income Housing Tax Credit Program.
Enterprise Community Investment Inc. announced a $5.7 million Low-Income Housing Tax Credit deal to fund the construction of Eagle View Townhomes, an affordable housing community that will contain 49 homes for families across 16 buildings in a rural community in Utah.
WNC, a national investor in real estate and community development initiatives, announced today it has closed WNC Institutional Tax Credit Fund X California Series 13, LP (WNC Cal 13), a $75 million institutional low-income housing tax credit (LIHTC) fund.
Darren Bobrowsky has been promoted to Senior Vice President of Finance and Principal of USA Properties Fund Inc.