Industry News

Senate Committee Approves Bill That Fixes 9% and 4% Credit Rate Floors

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 & QAP Updates

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.

Report Recommends Joint IRS-HUD Administration to Oversee LIHTC Program

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.

Member News

Enterprise Funds Utah Development with $6M in LIHTC Equity

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 Closes $75 Million California LIHTC Fund

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.

USA Properties Fund Inc. Promotes Bobrowsky to Principal, Senior Vice President

Darren Bobrowsky has been promoted to Senior Vice President of Finance and Principal of USA Properties Fund Inc.

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